Words of Rizdom - Trading Podcast

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.

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!