Words of Rizdom

In this engaging discussion, Kyle, known as JadeCap, a seasoned day trader with 14 years of experience, shares his journey of breaking the world record for the highest single prop firm payout at $2.5 million. He dives into the emotional complexities traders face, emphasizing resilience and psychological stability. Kyle also discusses key strategies for navigating market volatility and the importance of a disciplined mindset. He highlights the value of connections with like-minded traders, showcasing how support can enhance trading experiences.

In this episode, Chris Camillo, a Market Wizard noted for his unique social arbitrage strategy, reveals how he transformed $20,000 into $70 million by leveraging insights from social media. He discusses rejecting conventional trading rules, emphasizing real-time market observation, and the impact of societal shifts on investment opportunities. Camillo also highlights the power of collaboration in trading, the importance of intuition for everyday traders, and the transformative role of AI in connecting consumer trends with financial success.

Trader Mayne, an eight-figure crypto trader and founder of Breakout, dives into the current state of the cryptocurrency market. He counteracts Gary Stevenson’s controversial claim that Bitcoin is heading to zero, discussing its cyclical nature and the rise of meme coins. Mayne shares his journey from a novice trader to financial success, emphasizing strategic investment management. He highlights the emotional challenges traders face and the importance of adaptability in a rapidly changing market landscape.

Peter Brandt, a 50-year trading veteran, shares his insights on the trading world. He discusses the pitfalls of modern retail prop firms and why day trading often leads to failure compared to swing trading. Brandt emphasizes the importance of small adjustments in strategies for greater success and advocates for a mindset focused on passion over profit. Additionally, he highlights the role of data-driven approaches and the necessity of transparency within trading communities to foster trust and growth.

Linda Raschke, an accomplished author and trader with over 40 years in the market, shares her journey and insights. She elaborates on the renowned 'Turtle Soup' trading strategy she developed in the '90s, emphasizing the role of heavy technical analysis. Discussion includes key traits of successful traders, such as focus and resilience. Linda reflects on the symbiotic relationship between intuition and analysis in trading, and how personal experiences shape confidence. She also addresses the evolution of trading practices and the challenges of navigating market volatility.

Discover the incredible journey of an elite options trader who made over $10 million without using stop-loss strategies. Learn about the importance of risk tolerance and strategic thinking as he shares pivotal trades, including a significant GameStop investment. Delve into unconventional risk management techniques while emphasizing the necessity of adapting and learning from losses. This captivating discussion highlights the balance between instinct and strategy in trading, showcasing how success often stems from a few key trades in a volatile market.

Join Mike Bellafoire, co-founder of SMB Capital, renowned trading psychologist Brett Steenbarger, trader development head Jeff Holden, and top trader Lance Breitstein as they unpack the secrets behind molding elite traders. They dive into the structured environment of prop trading firms, the psychology of trading, and the importance of mentorship. Key topics include navigating market volatility, fostering team dynamics, and refining individual trading strategies for success. They also explore the psychological hurdles traders face and the power of community in overcoming challenges.

Join the Market Journal community for weekly direct market insights for FREE 👉 https://www.market-journal.comUse Code "RIZ" for 20% OFF ALL Challenges 👉 https://link.alpha-futures.com/k9V5AzUse Code “RIZ10” for 10% Off or Code “WOR” for 20% off 👉 https://bit.ly/TradeZellaWORUse Code "RIZ25" for 25% OFF ALL Challenges 👉 https://link.alphacapitalgroup.uk/eq7m8XFree Telegram Community! 👉🏽 https://t.me/pocketsofrizdom____________________________________Connect with our guest:https://x.com/theonelancebhttps://www.theonelanceb.com - 100% FREE Course Tier____________________________________SUBSCRIBE NOW, and turn on notifications to never miss a new video, we post new episodes EVERY Monday 3pm GMT/ 1pm EST with verified traders.____________________________________On this episode of the Words of Rizdom podcast we are joined by Lance Breitstein. Lance is regarded as one of the best traders in the world garnering over 8 figures in verified profits. His 15+ years of experience saw him trade at both Trillium & SMB Capital, two of the world's most renowned prop firms. His aggressive approach to scalp trading has produced some of the best trades ever with his most famous trade generating over 10 figures in volume. In this podcast we discuss his thoughts on the new wave of retail trading prop firms, his controversial take that ICT is a documented fraud and we also nail down exactly what it takes and the key characteristics of an elite & exceptional trader. I hope you guys enjoy this incredible episode!____________________________________ Connect with Words of Rizdom: https://instagram.com/wordsofrizdomhttps://twitter.com/wordsof_rizdom https://www.instagram.com/realriziqbal___________________________________ Timestamps:00:00:00 Introduction to Lance Breitstein00:15:25 Navigating Challenges in a Trading Career00:30:13 Importance of Quality Resources in Trading 00:45:11 The Importance of Environment and Feedback Loops in Trading01:00:18 The Reality of Funded Trader Programs01:08:07 The Ethics of Trading: Lessons from the Industry 01:14:55 Finding Trading Edge in Short Time Frames01:22:23 Mastering Speed and Technique in Trading 01:30:01 Trading Strategies: Recognizing and Avoiding "Garbage" Stocks 01:37:26 Building a Trading Blueprint: Patterns and Principles 01:44:53 Importance of Sustained Work Ethic 02:00:13 Dynamic Risk Sizing in Trading 02:07:39 Developing Rapid Adaptability in Trading____________________________________ Disclaimer:The content on Words of Rizdom is for informational and educational purposes only. We are not personally affiliated with any of the guests featured in our episodes. Our role is solely to interview them and share their insights, experiences, and expertise. The views expressed by our guests are their own and do not necessarily reflect the opinions or endorsements of Words of Rizdom. Always carry out your own research and seek professional advice before making decisions based on the content shared.____________________________________ #trading #forex #forextrading #futures #swingtrading #daytrading #podcast #daytrading #proptrading #hedgefund #stockmarket #wallstreet #tradingsignals #stockmarket

Join the Market Journal community for weekly direct market insights for FREE 👉 https://www.market-journal.comUse Code "RIZ" for 20% OFF ALL Challenges 👉 https://link.alpha-futures.com/k9V5AzUse Code “RIZ10” for 10% Off or Code “WOR” for 20% off 👉 https://bit.ly/TradeZellaWORUse Code "RIZ25" for 25% OFF ALL Challenges 👉 https://link.alphacapitalgroup.uk/eq7m8XFree Telegram Community! 👉🏽 https://t.me/pocketsofrizdom____________________________________SUBSCRIBE NOW, and turn on notifications to never miss a new video, we post new episodes EVERY Monday 3pm GMT/ 1pm EST with verified traders.____________________________________On this episode of the Words of Rizdom podcast we are joined by Andrew O’Connell. Andrew is a US investing championship top performer with a total P&L of 254% return in 2024 making him one of the top traders in the world. In this podcast we discuss Andrew's controversial take on scalping and it's inability to tackle algorithms in the market, we cover his exact technical setups that make for the best trades and the mindset needed to become a consistently profitable trader. I hope you guys enjoy this incredible episode!____________________________________ Connect with Words of Rizdom: https://instagram.com/wordsofrizdomhttps://twitter.com/wordsof_rizdom https://www.instagram.com/realriziqbalConnect with our guest:http://Pristinecapital.substack.comhttps://x.com/realpristinecap___________________________________ Timestamps:00:00:00 Introduction To Andrew O'Connell00:05:18 Building a Track Record00:15:59 Overcoming Loss and Mental Barriers in Trading 00:23:31 Navigating the Boom and Bust Cycle in Trading00:35:06 Strategies for Cutting Trading Mistakes00:47:15 Importance of Fundamental Analysis00:52:13 Bitcoin Market Dynamics & Microstrategy01:09:51 Developing a Trading Strategy: Mixing Fundamentals and Technicals01:21:12 Understanding Scalping and Market Trends01:33:00 Building a Data-Backed Trading Edge ____________________________________ Disclaimer:The content on Words of Rizdom is for informational and educational purposes only. We are not personally affiliated with any of the guests featured in our episodes. Our role is solely to interview them and share their insights, experiences, and expertise. The views expressed by our guests are their own and do not necessarily reflect the opinions or endorsements of Words of Rizdom. Always carry out your own research and seek professional advice before making decisions based on the content shared.____________________________________ #trading #forex #forextrading #futures #swingtrading #daytrading #podcast #daytrading #proptrading #hedgefund #stockmarket #wallstreet #tradingsignals #stockmarket

In this engaging discussion, Steven Goldstein, an ex-institutional trader and renowned performance coach, shares his journey through the trading world. He reveals the psychological pitfalls traders face, such as self-doubt and the 'what if' mentality. The conversation delves into aligning trading philosophies with personal strengths for better outcomes. Steven emphasizes the importance of mastering fundamentals and having the right support systems. Listeners also learn how resilience and a structured approach can significantly enhance trading performance.