Words of Rizdom

SUBSCRIBE NOW & Like this video to help us continue to bring the best verified traders in the world. turn on notifications to never miss a new video, we post new episodes EVERY Thursday 3pm GMT/ 10am EST with verified traders.____________________________________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 the Best Trading Journal Use Code “RIZ10” for 10% Off or Code “WOR” for 20% off 👉 https://bit.ly/TradeZellaWORUse Code "RIZ" for 20% OFF ALL Challenges 👉 https://link.alphacapitalgroup.uk/eq7m8XFree Telegram Community! 👉🏽 https://t.me/pocketsofrizdom____________________________________Connect with our guests:https://stevendux.lpages.cohttps://www.instagram.com/stevendux_1994https://x.com/steven1_994Verified Track Record: https://kinfo.com/portfolio/11253/performance____________________________________On this episode of the Words of Rizdom podcast we are joined by Steven Dux. Steven is a verified 8 figure trader and is regarded as one of the most successful retail traders in the world. He left China to seek opportunity in the US and learned to trade within just 6 months at the age of 22. His trading career started with just $27,000 and has now grown it to well over $50 Million+. Incredible is an understatement. He also holds the record for the highest P&L in a single day in 2022 at over $6 Million. Steven is a true giant in the space and every trader can take something away from this podcast. I hope you guys enjoy this episode!____________________________________Connect with Words of Rizdom: https://instagram.com/wordsofrizdomhttps://twitter.com/wordsof_rizdom https://www.instagram.com/realriziqbal___________________________________ Timestamps:00:00:00 $27,000 to $50 Million+: The Steven Dux Success Story00:06:28 Overcoming Emotional Challenges in Trading 00:18:40 Psychological Strategies in Trading 00:24:46 Understanding Market Caps and Stock Trends00:30:42 Criteria for Selecting Trades00:37:27 Improving as a Trader: Lessons Learned 00:43:50 The Importance of Sticking to Your Trading Plan 01:02:18 Maximising Retail Trading Limits01:08:40 Key Factors in Trading Volume and Patterns01:14:38 Trading Strategies and Market Timing01:27:16 Understanding Year-on-Year Growth01:34:10 Entry Criteria in Trading: Trusting Your InstinctsDisclaimer:The content on Words of Rizdom is for informational and educational purposes only and should not be considered financial, investment or trading advice. I am not a licensed financial advisor, and the strategies, opinions, and commentary shared are based on personal experience of the respective guests. We are not personally affiliated with any of the guests featured in our episodes. The views expressed by our guests are their own and do not necessarily reflect the opinions or endorsements of Words of Rizdom.Trading and Investing involves risk, and you should always do your own research or consult with a qualified financial professional before making any investment decisions. You are solely responsible for your financial decisions. This channel and its creator are not liable for any loss or damage arising from the use of information presented in videos.#trading #forex #forextrading #futures #swingtrading #daytrading #podcast #daytrading #proptrading #hedgefund #stockmarket #wallstreet #tradingsignals #stockmarket #btc #stevendux #stocks #propfirms #propfirmtrading

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.

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