Words of Rizdom

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.

Join Mike Bellafoire, co-founder of SMB Capital, renowned trading psychologist Brett Steenbarger, trader development head Jeff Holden, and top trader Lance Breitstein as they unpack the secrets behind molding elite traders. They dive into the structured environment of prop trading firms, the psychology of trading, and the importance of mentorship. Key topics include navigating market volatility, fostering team dynamics, and refining individual trading strategies for success. They also explore the psychological hurdles traders face and the power of community in overcoming challenges.

Lance Breitstein, a seasoned trader with over 15 years at top prop firms Trillium and SMB Capital, shares his aggressive scalp trading tactics known for yielding significant profits. He offers a controversial critique of retail trading prop firms and stresses the importance of mentorship in honing trading skills. The conversation delves into the challenges of navigating misinformation, the necessity of intentional learning, and the critical need for realistic expectations in trading. Lance discusses how community support enhances growth and the personal fulfillment beyond trading.

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 Code “RIZ10” for 10% Off or Code “WOR” for 20% off 👉 https://bit.ly/TradeZellaWORUse Code "RIZ25" for 25% OFF ALL Challenges 👉 https://link.alphacapitalgroup.uk/eq7m8XFree Telegram Community! 👉🏽 https://t.me/pocketsofrizdom____________________________________SUBSCRIBE NOW, and turn on notifications to never miss a new video, we post new episodes EVERY Monday 3pm GMT/ 1pm EST with verified traders.____________________________________On this episode of the Words of Rizdom podcast we are joined by Andrew O’Connell. Andrew is a US investing championship top performer with a total P&L of 254% return in 2024 making him one of the top traders in the world. In this podcast we discuss Andrew's controversial take on scalping and it's inability to tackle algorithms in the market, we cover his exact technical setups that make for the best trades and the mindset needed to become a consistently 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/realriziqbalConnect with our guest:http://Pristinecapital.substack.comhttps://x.com/realpristinecap___________________________________ Timestamps:00:00:00 Introduction To Andrew O'Connell00:05:18 Building a Track Record00:15:59 Overcoming Loss and Mental Barriers in Trading 00:23:31 Navigating the Boom and Bust Cycle in Trading00:35:06 Strategies for Cutting Trading Mistakes00:47:15 Importance of Fundamental Analysis00:52:13 Bitcoin Market Dynamics & Microstrategy01:09:51 Developing a Trading Strategy: Mixing Fundamentals and Technicals01:21:12 Understanding Scalping and Market Trends01:33:00 Building a Data-Backed Trading Edge ____________________________________ 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

In this engaging discussion, Steven Goldstein, an ex-institutional trader and renowned performance coach, shares his journey through the trading world. He reveals the psychological pitfalls traders face, such as self-doubt and the 'what if' mentality. The conversation delves into aligning trading philosophies with personal strengths for better outcomes. Steven emphasizes the importance of mastering fundamentals and having the right support systems. Listeners also learn how resilience and a structured approach can significantly enhance trading performance.

Chris Tubby, a 50-year trading veteran and former market maker, shares invaluable insights into the trading world. He exposes the unethical tactics used by market makers to manipulate stop losses and emphasizes the importance of a solid trading plan. Chris discusses the evolution from institutional to individual trading, highlighting the significance of risk management and personal traits in achieving success. Listeners will gain practical tips on navigating market volatility, developing a disciplined trading approach, and mastering the art of timing and pricing.

This discussion features Rajan Dhall, a UK-based trading coach and founder of DND Capital, who shares insights from his extensive career. He emphasizes a simplified trading strategy focused on psychology and risk management, eschewing complex technical analysis. Rajan recounts his personal journey from football to trading, reflecting on the importance of mindset and mentorship. Topics like the significance of community support, maintaining integrity in trading, and the psychological aspects crucial for success in volatile markets are explored, offering listeners valuable lessons.

In this engaging discussion, Gary Stevenson, an acclaimed trader with a P&L exceeding $60 million, shares his unconventional views on the crypto landscape and the future of Bitcoin, insisting it might be headed to zero. He dives into the psychology of trading, recalling personal experiences from volatile markets. Stevenson offers a secret trading strategy touted as having a '99% success rate' and emphasizes the importance of economic understanding, warning against speculative investments. His insights on rising inequality and the influence of figures like Elon Musk add depth to the conversation.