Words of Rizdom - Trading Podcast

Chris Verma, a systematic and hybrid small-cap day trader, transformed a mere $3,000 into $2.1 million. He shares insights on effective risk management and the importance of a mathematical edge in trading. Chris explains the benefits of backtesting and how automation can reduce emotional strain. He dives into the nuances of hybrid trading, adapting to market changes, and his philosophy on sizing trades. Additionally, he challenges mainstream trading advice and emphasizes the significance of discipline and transparency in building a successful trading career.

Cade Vinyard, a seasoned hedge fund trader with a decade of experience, shares his inspiring journey from struggling retail trader to managing a $50 million portfolio at Fifth Lane Capital. He delves into the crucial role of mentorship, the importance of adaptability during COVID-19, and how mental readiness precedes financial success. Cade also emphasizes the value of health and strong relationships in trading performance, along with the need for continuous self-improvement and resilient decision-making in today’s evolving markets.

Raoul Pal, Co-founder and CEO of Real Vision, known for his predictive prowess in the financial realm, dives into the implications of AI on trading. He discusses how AI can enhance trading strategies and contrasts adrenaline-driven trading with purposeful investing. Raoul explores generational differences in market approaches, the potential loss of human trading edges to machines, and the importance of long-term investment themes. He also shares insights on building trading discipline, community support, and navigating the evolving landscape of crypto and macro trends.

Dylan O'Neill, a young discretionary trader on Wall Street, shares his journey from retail trader to prop firm success. He discusses the importance of confidence, accountability, and having a repeatable edge in trading. Dylan contrasts retail trading with firm expectations, highlighting the benefits of mentorship and resources. He reflects on overcoming early setbacks, fixing impulse trading, and scaling capital. Insights on algorithmic trading and advice for those caught in boom-and-bust cycles round out his compelling story.

Kevin McCormick, a Futures trader and 2021 Robbins Cup champion, discusses his impressive 253.8% return and insights gained from Larry Williams. He emphasizes trading around longer-term narratives, like inflation, to gain an edge and shares how retail traders can capitalize on public data. Kevin advises against day trading for longevity and highlights the importance of trading journals and preparing for losing streaks. He also explores the significance of adapting strategies to market conditions and stresses the nimbleness of retail traders compared to large funds.

Tom Sosnoff, a 40+ year trading veteran and co-founder of Thinkorswim and Tastytrade, dives into the art of trading with infectious enthusiasm. He shares his habit of making over 100 trades daily, declaring it a compulsion. Tom debunks the myth of political market insight, emphasizes the importance of CEOs understanding trading, and discusses creating retail-friendly platforms. He advocates for a mechanical trading process, warns about common pitfalls, and stresses the value of consistency and longevity in trading success.

Larry Benedict, a trading veteran with over 35 years of experience and a famed hedge fund manager known for his 20-year winning streak, shares insights on mastering risk management and emotional resilience. He discusses the importance of daily drawdown limits, liquidating positions after losses, and avoiding the temptation of chasing big trades. Larry also emphasizes the value of mentorship in today's fast-paced trading environment and reveals his journey from early setbacks to launching his ETF, the Opportunistic Trader.

In this engaging discussion, Anthony Crudele, a 30-year trading veteran and former S&P pit trader, shares his transformative journey through trading successes and health challenges. He delves into the emotional aspects of trading, emphasizing resilience and self-awareness. Crudele recounts near-death experiences that reshaped his perspective and highlights the significance of emotional management. He also discusses the realities of trading, including the importance of continuous learning and building a supportive trading community.

In this engaging discussion, David Hanlin, also known as the Laptop Legend, shares his journey from a humble $2,000 start to amassing over $9 million in profits. He candidly recounts bouncing back from a staggering $850,000 loss, highlighting the importance of personal discipline and emotional resilience in trading. The conversation reveals valuable insights on risk management, the necessity of continuous learning, and the balance between skill and luck. David's experience illustrates the transformative power of consistency and a supportive trading network.

JJ Kinahan, a 30-year trading veteran and CEO of IG North America, shares invaluable insights from his extensive experience. He discusses the psychological challenges millennials face, emphasizing the importance of a confident mindset and community support. The conversation explores the evolution of trading from traditional methods to tech advancements, highlighting emotional discipline and risk management. Kinahan also provides strategic advice for aspiring traders, advocating for mentorship and the significance of calculated risks in achieving long-term success.