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.____________________________________Use the Best Trading Journal Use Code “WOR25” for 25% off 👉 https://bit.ly/TradeZellaWORJoin 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 "RIZ" for 20% OFF ALL Challenges 👉 https://link.alphacapitalgroup.uk/eq7m8XFree Telegram Community! 👉🏽 https://t.me/pocketsofrizdom____________________________________Connect with our guests:Umar:https://instagram.com/umarashrafhttps://twitter.com/umarashrafhttps://youtube.com/@UmarAshraf28 Tader Kane:https://www.instagram.com/traderkane_/https://x.com/_traderkanehttps://www.youtube.com/@traderkanehttps://www.thelabtrading.com/JadeCap:https://www.youtube.com/@JadeCaphttps://www.instagram.com/jadecapofficial/https://x.com/jadecap_http://bit.ly/3YLfqw7____________________________________On this episode of the Words of Rizdom podcast we are joined by Umar Ashraf, Trader Kane & Jadecap for the biggest roundtable we've ever hosted on the channel. Umar Ashraf is an 8 figure trader and the founder of TradeZella a journaling Saas built for traders. Trader Kane is a 7 figure futures trader with a record payout at Apex of over $2 million before having that record broken by our third guest Jadecap, another verified 7 figure trader with over $4.5 million in prop firm payouts. In this podcast we discuss how to identify A+ setups, whether prop firms are practical for new traders and the characteristics required to become a 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/realriziqbal___________________________________ Timestamps:00:00:00 Introduction - Umar Ashraf, JadeCap, Trader Kane00:11:54 Developing an Edge in Trading 00:34:21 Understanding Dynamic vs. Static Sizing in Trading00:45:47 Managing Risk in Trading 00:56:53 Overcoming Greed and Mismanagement in Trading01:08:11 Overcoming Barriers in Trading Mindset 01:18:53 Exploring the Emotional Impact of Trading 01:29:38 Navigating Market Shifts and Volatility 01:40:26 Adapting to Macroeconomic Trends 01:50:59 Navigating Market Predictions and Ego in Trading02:02:18 Developing a Professional Trading System02:13:45 Understanding Stock Market Opening and Volume Dynamics 02:23:58 Importance of Journaling in Trading 02:34:37 Balancing Trading and Life02:45:50 Lessons Learned from a $500K Trading Loss___________________________________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 #btc #stocks #propfirms #propfirmtrading

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.

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.