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Words of Rizdom

Fair Value God: What ICT Traders Are Doing Wrong | WOR Podcast - EP.106

May 28, 2024
01:17:11
In this episode of the Words of Rizdom Podcast we are joined by Fair Value God (Zach Smith). Zach is primarily a Futures Trader that saw an opportunity for greater success after taking the leap from Options. In this podcast we discuss developing your trading strategy and psychology, the importance of self-analysis and building good habits, and the importance of creating authentic content. 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 Best Prop Firm In The Industry Alpha Capital! Use Code "Riz" for 20% OFF ALL Challenges. https://app.alphacapitalgroup.uk/signup/RIZ __________________________________________ __ Fair Value God's Instagram: https://www.instagram.com/fairvaluegod/ Fair Value God's Twitter: https://twitter.com/FairValueGod Fair Value God's Youtube: https://youtube.com/@FairValueGod Riz’s Instagram: https://instagram.com/wordsofrizdom Riz’s Twitter: https://twitter.com/wordsof_rizdom 🔴 Free Telegram Community! 👉🏽 https://t.me/pocketsofrizdom 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. 💪🏽 Timestamps: 0:00 - Introduction 2:10 - Where did fair value god come from? 5:05 - Importance of networking in trading 6:04 - Switching to Futures 11:55 - Getting comfortable with being uncomfortable 13:21 - Efficiency, high value & success 17:20 - Proof of concept 20:08 - Why switch to Futures Trading? 22:52 - Why did Zach choose ICT? 29:53 - How ICT’s concepts elevated Zach’s trading 32:34 - How to avoid overtrading 35:05 - Zach’s hobbies and past times 39:06 - Zach favoured Risk/Reward 41:04 - Chasing perfection 42:58 - Accumulating capital 50:14 - Scaling capital 56:52 - Zach’s goals with trading 59:40 - Growing your account or withdrawing? 1:01:15 - Zach biggest and best trade 1:05:30 - What ICT traders are doing wrong 1:07:30 - Zach’s one lesson for all traders 1:08:54 - Advice on Journaling 1:10:3 - Final words of advice from Zach 1:12:44 - Fair Value Gaps deep dive 1:14:32 - Plans for the future DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only #trading #forextrading #innercircletrader #futurestrading

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