This Trader Turned $3K Into $1,000,000.. Here’s How

Dec 12, 2025

Jay Awtani, a seven-figure order flow/options trader, shares his remarkable journey from $3K to $1M in trading profits. He emphasizes the importance of resilience and risk management while recounting his transition to US markets during 2020's volatility. Discover his unique method of tape reading and dynamic position sizing, which help him validate trades. Jay discusses the psychological aspects of trading, including handling big losses and the significance of journaling for improvement. Tune in for insights on smarter trading strategies and emotional resilience!

01:50:26

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ADVICE

Treat Drawdowns As Urgent Lessons

Be resilient and treat drawdowns as learning opportunities to improve every day.
Work on mistakes with urgency and rebuild discipline rather than waiting months or years to change.

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ADVICE

Ditch Indicators First, Then Use Them

Remove indicators initially and learn pure price action and tape first before reintroducing indicators as confirmation.
Use indicators to indicate, not to dictate, your entries and exits.

insights

INSIGHT

Tape Reveals Market DNA

Tape reading reveals buyer/seller behavior that technicals alone can't show.
Combining tape with technical context forms the 'market DNA' for higher-confidence entries.

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Resilience: Jay's core trait

03:43 • 2min

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2019–2020 transition and market timing

05:51 • 1min

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Starting with $3K: risk management lessons

06:52 • 4min

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Removing indicators and learning price action

Compounding, withdrawals and psychology

16:49 • 4min

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Tape reading: market DNA

20:22 • 3min

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Dynamic position sizing

23:06 • 4min

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Entries, exits and volume context

26:40 • 4min

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Recording screens to master tape reading

The $40K loss and its aftermath

34:49 • 6min

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Resetting after big wins or losses

Journaling, forgiveness and improvement

43:56 • 9min

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Fixing habits: patience and open-minute trades

Daily routine, resilience and bouncing back

58:11 • 3min

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Scaling strengths and managing big size

01:00:43 • 3min

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Dopamine peaks, troughs and trading behavior

01:03:20 • 5min

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Awareness, asking why, and fixing root causes

01:08:30 • 6min

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Going full-time: finances and time-zone benefits

01:14:10 • 7min

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Pre-market prep and watchlist focus

01:21:37 • 4min

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Trading less, trading smarter

01:25:31 • 6min

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Personal setbacks and performance correlation

01:31:35 • 5min

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Grief, therapy and rebuilding mindset

01:36:19 • 6min

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Pain threshold and emotional resilience

01:41:52 • 5min

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Micro improvements to scale performance

01:47:02 • 3min

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Narrowing tickers to reach bigger goals

01:50:18 • 3min

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Origins: Australia to US markets

• Mentioned in 11 episodes

Unknown Market Wizards

Jack Schwager

Jack Schwager's 'Market Wizards' series delves into the strategies and mindsets of successful traders. Each book features interviews with prominent figures in the trading world, offering insights into their approaches, decision-making processes, and experiences. The series explores various trading styles, risk management techniques, and the psychological aspects of trading. Schwager's work is highly regarded for its practical advice and real-world examples. The books provide valuable lessons for both aspiring and experienced traders.

The daily trading coach

101 lessons for becoming your own trading psychologist

Brett N. Steenbarger

In 'The Daily Trading Coach,' Brett N. Steenbarger provides a comprehensive guide for traders to improve their performance through self-coaching. The book consists of 101 practical lessons that help traders develop emotional discipline, strategic acumen, and mental resilience. Steenbarger emphasizes the importance of self-awareness, emotional control, and structured routines in trading. The book includes techniques such as controlled breathing exercises, simulation trading, and daily market analysis to help traders manage stress and make rational decisions. It is designed as a self-help resource to help traders become their own coaches and achieve sustained success in the financial markets.

#423

• Mentioned in 57 episodes

Market Wizards

Jack D. Schwager

Market Wizards is a must-read for traders and financiers, offering a deep dive into the strategies and mental attitudes of the world's most successful traders. The book includes interviews with traders such as Bruce Kovner, Richard Dennis, Paul Tudor Jones, and others, revealing their approaches to trading and the factors that contribute to their success. It covers a wide range of markets, including treasuries, futures, commodities, and more, and highlights the importance of solid methodology and proper mental attitude in trading.

#17430

• Mentioned in 2 episodes

Trading in the zone

Master the Market with Confidence, Discipline, and a Winning Attitude

Mark Douglas

This book explores the psychology of successful trading, highlighting the role of mindset and mental discipline. Mark Douglas shares real-world anecdotes and practical strategies to help traders overcome fear, self-doubt, and emotional triggers that can lead to poor trading decisions. The book emphasizes the importance of accepting risk, thinking in terms of probabilities, and developing a disciplined and consistent approach to trading. Douglas also addresses common myths of the market and helps traders understand the true realities of risk and market movement.

On this episode of the Words of Rizdom podcast we are joined by Jay Awtani. Jay came from humble beginnings and is now a 7 figure order flow trader. He's made huge trades on both Nvidia & Tesla to make multiple six figures and has now become a highly regarded professional & verified trader. In this episode we go through his exact process and journey that took Jay from having just $2 to now making $1 Million in trading profits. I hope you guys enjoy this incredible episode!

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Connect with our guests:

https://www.instagram.com/jaw_trades

https://youtube.com/@JayAwtani

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Connect with Words of Rizdom:

https://instagram.com/wordsofrizdom

https://twitter.com/wordsof_rizdom

https://www.instagram.com/realriziqbal

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Timestamps:

00:00 From $2 to OVER $1 Million - Jay Awtani

04:39 Inside Jay's Trading Process & Options Strategies

08:10 Transparency In Trading - Early Struggles & Setbacks

12:34 Lessons From Painful Trading Losses

16:28 The Turning Point - 2019 To 2020 Breakthrough

20:51 How Market Conditions Shaped Jay's Results

30:33 Tape Reading 101 - Understanding The Market's DNA

37:36 Dynamic Position Sizing - When To Press & When To Cut

44:19 Entries, Exits & Trade Management - Jay's Exact Approach

50:16 Handling Big Losses - Mental Recovery After Getting Hit

55:49 Journaling & Review - Self Forgiveness As A Trading Edge

01:07:42 Dopamine, Peaks & Valleys - The Emotional Cycle Of Trading

01:13:17 Going Full Time - Jay's Transition To Pro Trader

01:19:14 Daily Routine - Pre Market Prep, Focus & Intentionality

01:24:25 Refining The Process - Data Driven Adjustments Over Time

01:28:24 Personal Loss & Grief - How Life Events Impact Trading

01:34:53 Pain Thresholds & Emotional Control Under Pressure

01:39:27 Micro Improvements - The Path To Elite Trading Performance

01:44:36 Choosing Your Market & Final Reflections

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Disclaimer:

The content on Words of Rizdom is for informational and educational purposes only and should not be considered financial, investment or trading advice. I am not a licensed financial advisor, and the strategies, opinions, and commentary shared are based on personal experience of the respective guests. We are not personally affiliated with any of the guests featured in our episodes. The views expressed by our guests are their own and do not necessarily reflect the opinions or endorsements of Words of Rizdom.

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