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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