On this episode of the Words of Rizdom podcast we are joined by 5ive Beatz. A music producer turned funded trader who produced music for Nines, Potter Payper & Pop Smoke. 5ive was sentenced to prison after spending an early part of his life involved in crime. 5ive got into trading and has now achieved a massive $150,000 in payouts in less than nine months! An incredible journey and a lot to take away from this podcast! __________________________________________ Free Telegram Community! 👉🏽 https://t.me/pocketsofrizdom Free Trading Plan 👇 https://words-of-rizdom.ck.page/0542be7af0 __________________________________________ TRADEZELLA: All-in-one trading journal and analytics tool that provides valuable insights, trade replay, in depth reporting, and more to gain clarity, eliminate costly mistakes, and trade smarter. ⬇️Use Code “RIZ10” for 10% off your subscription ⬇️ https://www.tradezella.com/?via=riz ⬇️Use Code “WOR” for 20% off your yearly subscription ⬇️ https://www.tradezella.com/?via=riz __________________________________________ The #1 Prop Firm In The Entire Industry Alpha Capital. They have their own broker, their own technology, actual institutional experience and the best community in the prop firm industry. They also still support the best trading platform for all Traders with Platform 5! 👀 Use Code "RIZ" for 20% OFF ALL Challenges. 👉 https://app.alphacapitalgroup.uk/signup/RIZ 👈 __________________________________________ Guest's Socials: https://www.instagram.com/5ivebeatz __________________________________________ Riz’s Instagram: https://instagram.com/wordsofrizdom Riz’s Twitter: https://twitter.com/wordsof_rizdom __________________________________________ I hope you all enjoy this episode, let me know who you'd like to see on the podcast. 🙏🏽 SUBSCRIBE BELOW! Turn your notification bell on so you can be notified when videos like this get dropped. Drop a like on the video to help this channel grow. 💪🏽 __________________________________________ 00:00:00 - Intro 00:03:34 - From Music to Trading: Finding Independence 00:06:59 - Reflecting on Past Choices 00:10:20 - Switching to Music 00:13:41 - From Hardship to Success in the Music Industry 00:16:53 - Working with Travis Scott 00:20:03 - Finding a New Path in Trading 00:23:28 - The Importance of Mental Strength in Trading 00:26:59 - Finding a Legit Mentor 00:30:21 - The Journey of Success and Learning Every Day 00:33:24 - Taking a Break and Slowing Down in Trading 00:36:38 - Learning from Financial Mistakes and Staying Disciplined 00:39:48 - Learning from Drawdowns and Humbling Experiences 00:42:54 - Overcoming Fear and Taking the Risk 00:46:09 - The Importance of Proper Risk Management 00:49:24 - Applying the Skill Set to Prop Trading 00:52:47 - The importance of trading discipline and simplicity 00:56:12 - Proper Risk Management and Data Analysis 00:59:48 - The Journey of a Trader 01:03:18 - Always a Student, Always Learning __________________________________________ DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only __________________________________________ #trading #forex #forextrading #futures #futurestrading #daytrading #podcast #swingtrading #scalping