Words of Rizdom Arman Trades: How A 21 Year Old Is Making Multi Six Figure Payouts | WOR Podcast - EP.136
On this episode of the Words of Rizdom podcast we are joined by Arman Trades. Arman is a 21 year old UK based trader that focuses on Nasdaq. After leaving college Arman seeked a way to earn money beyond the typical 9-5 and came across trading. His aggressive trading style has allowed him to achieve multi-six figures in prop first payouts in less than 2 years from multiple firms. At one point he became the longest running active trader at TFT with streak of 700 days of max allocation. In this podcast we discuss the major pitfalls of prop firms traders, how to take advantage of certain conditions and a few important tips on how to get out of drawdown. I hope you guys enjoy this episode!
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Guest's Socials:
https://www.instagram.com/arman.s.sa
https://x.com/armantradess
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Riz’s Instagram: https://instagram.com/wordsofrizdom
Riz’s Twitter: https://twitter.com/wordsof_rizdom
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Timestamps:
00:00:00 Introduction to Arman Trades - Secrets of a Consistent Trader
00:04:09 Overcoming Financial Hardships and Motivations
00:08:22 Realistic Trading Mindset: 1% Risk to Reward is Great
00:12:56 Managing Drawdowns in Trading
00:21:51 Professional Money Managers' Trading Strategies
00:26:10 Understanding Risk and Reward in Trading
00:30:29 Short-term Trading Strategies with Drawdown Limits
00:34:46 Trading Mindset: Overcoming Loss of Funding
00:39:01 Balancing Short-term Hardships for Long-term Profitability
00:43:30 Navigating Stress and Risk in Trading
00:47:43 The Challenges of Trading Independently
00:52:03 The Power of Belief and Action in Achieving Success
00:55:42 The Journey of Successful Traders
00:59:51 Trading Signals: Myths and Realities
01:03:57 The Mindset of Today's Traders
01:08:18 Takeaways and Future Insights
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DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only
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