Words of Rizdom - Trading Podcast

In this engaging discussion, Ariel Hernandez, an eight-figure swing trader and former prisoner, shares his inspiring journey from a $30,000 investment to over $10 million in just five years. He emphasizes the importance of adaptability and continuous learning in trading. Ariel dives into key trading strategies, the emotional challenges of sudden wealth, and the significance of risk management. He also highlights the value of community support and journaling for refining trading skills, offering listeners a roadmap to financial success.

Jack Schwager, a seasoned trader and the genius behind the Market Wizards series, shares invaluable insights into trading. He emphasizes that understanding losses is crucial for success and advocates for personalizing trading styles. Schwager discusses the complexities of verifying trader credibility and the importance of staying informed with innovative tools. He introduces a unique platform connecting underrecognized traders with investors and highlights the evolving landscape of trading, where adaptability and continuous learning are key!

Scarface Trades is a 23-year-old Canadian day trader who skyrocketed from financial struggles to amassing seven figures. He discusses his unique scalping strategies on the one-minute timeframe, emphasizing the importance of timing for maximum profits. Scarface shares insights on risk management and the psychological challenges of trading, revealing how personal growth intertwines with market success. He also touches on the evolution of his trading techniques and the significance of having a structured approach, underscoring the journey of self-discovery in achieving financial goals.

Rande Howell, a world-renowned author and trading psychologist, sheds light on the essential mindset for successful trading. He discusses the psychological barriers traders face, emphasizing emotional resilience over mere technical skills. Rande explores the impact of human instincts on trading decisions and the necessity of evolving mindsets to navigate market uncertainties. He also highlights the dual nature of greed and the importance of confronting toxic emotions, encouraging self-reflection and community support for traders seeking lasting profitability.

Brian Shannon, a renowned technical analyst and author of 'Technical Analysis Using Multiple Timeframes,' shares insights into effective trading strategies. He discusses the power of the Anchored VWAP tool for understanding market sentiment. Shannon emphasizes the importance of price, volume, and time in making informed decisions. He also explores the complexities of market behavior, risk management, and emotional discipline, offering personal anecdotes that highlight the cyclical nature of trading and the need for multiple strategies to succeed.

Join Steven Dux, an eight-figure trader who transformed $27,000 into over $50 million, as he dives into the essential elements of successful trading. He shares insights on mastering trading psychology and the importance of strategy over impulse. Dux emphasizes learning from losses and the significance of a robust trading plan, particularly in volatile markets like biotech. Discover how gaming skills from StarCraft 2 shaped his approach and why staying informed is crucial for navigating market fluctuations. Tune in for a blend of strategy, mindset, and personal philosophy!

Umar Ashraf, an eight-figure trader and founder of TradeZella, joins Trader Kane, a seven-figure futures trader, for an enlightening discussion. They dive into the art of spotting 'A plus' trading setups and the psychological resilience needed for success. Personal stories highlight their journeys, emphasizing the importance of risk management and emotional stability. They share insights on balancing trading with life, the dangers of impulsive decisions, and the need for patience and discipline in an ever-changing market landscape.

Vincent Desiano, a seven-figure options trader, shares his remarkable journey in achieving over $1 million in profits using a break and retest strategy. He discusses the importance of discipline and emotional resilience in trading, emphasizing the shift from impulsive to mechanical strategies. Vincent also highlights the significance of managing risks during market volatility and the psychological aspects influencing trading decisions. With a keen focus on consistency and adapting approaches, he offers invaluable insights for aspiring traders looking to thrive in the market.

Kyle Williams, a verified seven-figure day trader and co-founder of Clover Trading, shares his incredible journey of transforming $6,000 into $6.5 million. He discusses the crucial role of strict risk management, emphasizing that he's never blown an account in his career. Kyle reflects on managing his trading pursuits alongside college life and the importance of consistency and discipline. He also highlights the pivotal moments in his trading journey during the pandemic, offering insights into navigating challenges and achieving significant returns.

John Netto, author of The Global Macro Edge and a former US Marine, shares insights from his remarkable trading journey, including how he turned $100K into $3.1M. He debunks trading myths, emphasizing the value of disciplined risk management over randomness. Netto introduces his unique 'Netto number' for assessing trading performance, highlighting the emotional aspect of trading. The discussion also tackles the impact of technology on trading and explores the expanding opportunities in today's markets, shifting the narrative from simple diversification to bold, informed decisions.