On this episode of the Words of Rizdom podcast we are joined by Alistair Crooks. Ali is a UK based 7 figure asset manager with 22 years experience in the markets. He came from being £35,000 in debt, living in a one bedroom flat to managing millions in capital. In this podcast we deep dive into the prop firm industry, discuss the institutional side of trading and what it takes to become an asset manager and he reveals some of the biggest pitfalls and challenges faced by retail traders. You don't want to miss this one!__________________________________________SUBSCRIBE NOW! Like this video, comment below who you’d like to see next, and turn on notifications to never miss a new video, as we post new episodes weekly!__________________________________________Free Telegram Community! 👉🏽 https://t.me/pocketsofrizdomFree Trading Plan 👉🏽 https://words-of-rizdom.ck.page/0542be7af0 __________________________________________TradeZella:Use Code “RIZ10” for 10% off your subscription or Code “WOR” for 20% off your yearly subscription 👉 https://bit.ly/TradeZellaWORAlpha Capital:Use Code "RIZ" for 20% OFF ALL Challenges 👉 https://bit.ly/AlphaCapitalWOR Alpha Futures:Use Code "RIZ" for 20% OFF ALL Challenges 👉 https://bit.ly/AlphaFuturesWOR __________________________________________ Guest's Socials: Website - https://www.traderssupportclub.com/Instagram - https://www.instagram.com/alicrooksofficial/Instagram - https://www.instagram.com/traders_support_club/TikTok - https://www.tiktok.com/@alistaircrooksX - https://x.com/AliCrooks__________________________________________ Riz’s Instagram: https://instagram.com/wordsofrizdomRiz’s Twitter: https://twitter.com/wordsof_rizdom __________________________________________ Timestamps:00:00:00 - Introduction 00:07:43 - The Reality of Trading in the Past00:15:30 - Overwhelming Amount of Information in The Trading World00:23:21 - The Illusion of Quick Success in Trading00:31:05 - The Trap of Retirement Expectations00:38:44 - The Importance of Trading Strategy and Data Analysis00:46:11 - The Importance of Financial Planning00:53:53 - The Challenge of Trading with Desperation01:01:19 - The Dangers of Greed and Unrealistic Expectations in Trading01:08:58 - Transitioning to Swing Trading01:16:28 - Themes and Market Highlights01:23:49 - Risk Management Strategies in Trading01:31:17 - Balancing Risk and Trade Strategies01:38:46 - The Importance of Scaling and Risk Management in Trading01:46:13 - Experimenting with Trading Strategies01:53:29 - Attributes Of Successful Traders__________________________________________ DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only__________________________________________ #trading #forex #forextrading #futures #swingtrading #daytrading #podcast #daytrading

On this episode of the Words of Rizdom podcast we are joined by A T Chaudry Isar. Chaudry is a 27 year old trader managing an incredible $6 Million in personal capital. He managed to turn $50,000 into $100,000 and then eventually half a million, after that the rest was history... He now runs his own asset management company with a expert team and looks to one day launch his own hedge fund. Chaudry is an incredibly intelligent and precise trader with a wealth of experience in the markets. In this podcast we discuss the institutional side of trading, the benefits and issues prop firms can bring to traders and he shares a secret strategy the banks use with a 95% win rate. You don't want to miss this one!__________________________________________SUBSCRIBE NOW! Like this video, comment below who you’d like to see next, and turn on notifications to never miss a new video, as we post new episodes weekly!__________________________________________Free Telegram Community! 👉🏽 https://t.me/pocketsofrizdomFree Trading Plan 👉🏽 https://words-of-rizdom.ck.page/0542be7af0 __________________________________________TradeZella:Use Code “RIZ10” for 10% off your subscription or Code “WOR” for 20% off your yearly subscription 👉 https://bit.ly/TradeZellaWORAlpha Capital:Use Code "RIZ" for 20% OFF ALL Challenges 👉 https://bit.ly/AlphaCapitalWOR Alpha Futures:Use Code "RIZ" for 20% OFF ALL Challenges 👉 https://bit.ly/AlphaFuturesWOR __________________________________________ Guest's Socials:Isar's Instagram: https://www.instagram.com/iiisvrIsar's Youtube: https://youtube.com/@isarchaudryIsar's X: https://x.com/isarchaudry__________________________________________ Riz’s Instagram: https://instagram.com/wordsofrizdomRiz’s Twitter: https://twitter.com/wordsof_rizdom __________________________________________ Timestamps:00:00:00 - Introduction - The Journey to Managing 6 Million00:03:48 - Transitioning into Full-Time Trading00:10:02 - Overcoming Fear of Risk in Trading00:24:10 - Retail vs Institutional Trading Strategies00:33:37 - Transition to a Hedge Fund00:47:28 - Risk Management and Research Allocation00:57:23 - Risk Management Strategies01:06:58 - Regulatory Bodies and Licensing Requirements01:16:12 - The Importance of Networking 01:25:28 - Consistent Trading Strategies: Learning from Losses01:30:19 - Risk Management in Trading__________________________________________ DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only__________________________________________ #trading #forex #forextrading #futures #swingtrading #daytrading #podcast #ict #scalping

On this episode of the Words of Rizdom podcast we are joined by Trader Nick. Nick is a well known Youtuber and day trader that has verified profits of over $250,000 with live login receipts. Nick's opinions on the current climate in the trading space is that every trader that has a significant profile and sells mentorship should provide a proven track record. In this podcast we discuss the controversy around prop firms and their future, the importance of backtesting, how Nick flipped $50,000 during the pandemic and he also shares a few hidden tips & tricks to profitability! I hope you guys enjoy this incredible episode, it is packed with value!__________________________________________SUBSCRIBE NOW! Like this video, comment below who you’d like to see next, and turn on notifications to never miss a new video, as we post new episodes weekly!__________________________________________Free Telegram Community! 👉🏽 https://t.me/pocketsofrizdomFree Trading Plan 👉🏽 https://words-of-rizdom.ck.page/0542be7af0 __________________________________________TradeZella:Use Code “RIZ10” for 10% off your subscription or Code “WOR” for 20% off your yearly subscription 👉 https://bit.ly/TradeZellaWORAlpha Capital:Use Code "RIZ" for 20% OFF ALL Challenges 👉 https://bit.ly/AlphaCapitalWOR Alpha Futures:Use Code "RIZ" for 20% OFF ALL Challenges 👉 https://bit.ly/AlphaFuturesWOR __________________________________________ Guest's Socials:Nick's Instagram: https://www.instagram.com/tradernickfxNick's Youtube: https://www.youtube.com/@UCPCPE5MoI7DS1WiVB_-mzNw __________________________________________ Riz’s Instagram: https://instagram.com/wordsofrizdomRiz’s Twitter: https://twitter.com/wordsof_rizdom __________________________________________ Timestamps:Chapters:00:00:00 - Introduction to the Daily State of the Industry Update00:05:52 - The Evolution of the Trading Space00:11:47 - Quality Businesses Stand the Test of Time00:17:26 - The Pain of Growing in the Industry00:22:57 - The Importance of Back Testing00:28:56 - The Importance of Position Sizing and Trading Psychology00:34:22 - The Importance of Studying Particular Assets00:40:00 - The Value of Showing Transparency00:45:53 - Fundamental Analysis and Data Tools for Trading00:51:56 - The Importance of Fundamentals in Trading00:57:21 - The Importance of Healthy Discussion and Balance in Trading01:03:03 - The Importance of Accountability in Trading01:08:35 - The Importance of Fundamentals and Technicals01:14:25 - Balancing Trading and Content Creation01:20:34 - Increased Trading Due to COVID-1901:26:27 - Sizing into Trades and Adding to Winners01:32:20 - Balancing Trading and Other Activities01:38:07 - Self-control, self-discipline, and self-awareness in trading01:43:57 - The Journey to Success01:49:20 - A Challenge to Prove Authenticity__________________________________________ DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only__________________________________________ #trading #forex #forextrading #futures #swingtrading #daytrading #podcast #ict #scalping

On this episode of the Words of Rizdom podcast we are joined by Tori Trades, Sharline FX, Jessica Ramos and Nehal for an industry first all female trader roundtable podcast. In this podcast we discuss the struggles of being a female in a male dominated industry, the risk appetite of men compared to women and how biology affects trading styles, static vs dynamic risk, reluctance to learn from female mentors and some controversial talking points on fundamental trading. I hope you guys enjoy the episode!__________________________________________SUBSCRIBE NOW! Like this video, comment below who you’d like to see next, and turn on notifications to never miss a new video, as we post new episodes weekly!__________________________________________Join Our FREE Whop Community! 👉🏽 https://whop.com/words-of-rizdom/Free Telegram Community! 👉🏽 https://t.me/pocketsofrizdomFree Trading Plan 👉🏽 https://words-of-rizdom.ck.page/0542be7af0 __________________________________________TRADEZELLA: All-in-one trading journal and analytics tool that provides valuable insights, trade replay, in depth reporting, and more to gain clarity, eliminate costly mistakes, and trade smarter. 🔴 Use Code “RIZ10” for 10% off your subscription or Code “WOR” for 20% off your yearly subscription 👉 https://www.tradezella.com/?via=riz__________________________________________ The #1 Prop Firm In The Entire Industry Alpha Capital. They have their own broker, their own technology, actual institutional experience and the best community in the prop firm industry. They also still support the best trading platform for all Traders with Meta Trader 5! 👀 ⬇️ Use Code "RIZ" for 20% OFF ALL Challenges. ⬇️ 👉 https://app.alphacapitalgroup.uk/signup/RIZ 👈Alpha Capital Has Now Joined The Futures Space With Alpha Futures!⬇️ Use Code "RIZ" for 20% OFF ALL Challenges. ⬇️ 👉 https://app.alpha-futures.com/signup/RIZ/ 👈__________________________________________ Host Your Course/Community On Whop For Peace of Mind and Incredible Growth, Book A Call Using The Link 👉 https://calendly.com/ari-whop/whoptradingAlternatively Set Up Your Store Immediately 👉 https://dash.whop.com/?a=wordsofrizdomFind The Best Trading Education/Mentors Using Whop, Find Your Community Today! 👉https://whop.com/r/rizdom/__________________________________________ Guest's Socials:Tori TradesInstagram: https://www.instagram.com/tori.tradesYoutube: https://youtube.com/@ToriTradesTwitter: https://x.com/toritradesNehal Instagram: https://www.instagram.com/nehal.rmTwitter: https://x.com/nehal_rm1Jessica RamosInstagram: https://www.instagram.com/stock_baeTwitter: https://x.com/sayyes2jess_Sharline FXInstagram: https://www.instagram.com/sharlinefxYoutube: https://youtube.com/@Sharlinefxofficial__________________________________________ Riz’s Instagram: https://instagram.com/wordsofrizdomRiz’s Twitter: https://twitter.com/wordsof_rizdom __________________________________________ Timestamps:00:00:00 - Introduction00:06:40 - Transition to Gold Trading00:19:45 - Trusting Yourself and Working on Personal Growth00:32:53 - Importance of having a mentor00:39:13 - Trading with Dollar Amounts00:46:20 - The Importance of Risk Management00:53:05 - The Importance of Mental Stamina in Trading01:06:30 - The Myth of Quitting the 9 to 5 Job for Trading01:20:30 - Gender Dynamics in Trading01:34:10 - Strategies and Targets01:48:23 - Taking Trading Seriously: Taxes, Saving, and Diversifying Investments01:55:22 - Taking care of family and self02:09:20 - The Differences in Drive and Priorities between Genders__________________________________________ DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only__________________________________________ #trading #forex #forextrading #futures #swingtrading #daytrading #podcast #ict #scalping

On this episode of the Words of Rizdom podcast we are joined by Tori Trades. Tori is scalper turned swing trader that has managed to achieve an incredible $100,000+ in less than 10 trades this year. She has become one of the most recognised female traders on Youtube and in the retail space and has garnered a huge following. In this podcast we discuss self doubt & struggles as a trader when comparing yourself to others, the benefits of swing trading over scalping and Tori shares a few secret tips on helping you to achieve profitability! You guys don't want to miss this one!__________________________________________SUBSCRIBE NOW! Like this video, comment below who you’d like to see next, and turn on notifications to never miss a new video, as we post new episodes weekly!__________________________________________Join Our FREE Whop Community! 👉🏽 https://whop.com/words-of-rizdom/Free Telegram Community! 👉🏽 https://t.me/pocketsofrizdomFree Trading Plan 👉🏽 https://words-of-rizdom.ck.page/0542be7af0 __________________________________________TRADEZELLA: All-in-one trading journal and analytics tool that provides valuable insights, trade replay, in depth reporting, and more to gain clarity, eliminate costly mistakes, and trade smarter. 🔴 Use Code “RIZ10” for 10% off your subscription or Code “WOR” for 20% off your yearly subscription 👉 https://www.tradezella.com/?via=riz__________________________________________ The #1 Prop Firm In The Entire Industry Alpha Capital. They have their own broker, their own technology, actual institutional experience and the best community in the prop firm industry. They also still support the best trading platform for all Traders with Meta Trader 5! 👀 ⬇️ Use Code "RIZ" for 20% OFF ALL Challenges. ⬇️ 👉 https://app.alphacapitalgroup.uk/signup/RIZ 👈Alpha Capital Has Now Joined The Futures Space With Alpha Futures!⬇️ Use Code "RIZ" for 20% OFF ALL Challenges. ⬇️ 👉 https://app.alpha-futures.com/signup/RIZ/ 👈__________________________________________ Host Your Course/Community On Whop For Peace of Mind and Incredible Growth, Book A Call Using The Link 👉 https://calendly.com/ari-whop/whoptradingAlternatively Set Up Your Store Immediately 👉 https://dash.whop.com/?a=wordsofrizdomFind The Best Trading Education/Mentors Using Whop, Find Your Community Today! 👉https://whop.com/r/rizdom/__________________________________________ Tori's Socials:Instagram: https://www.instagram.com/tori.tradesYoutube: https://youtube.com/@ToriTradesTwitter: https://x.com/toritrades__________________________________________ Riz’s Instagram: https://instagram.com/wordsofrizdomRiz’s Twitter: https://twitter.com/wordsof_rizdom __________________________________________ Timestamps:00:00 - Introduction: Tori discusses reaching $100,000 in six trades.00:06:28 - The Benefits of Having an Experienced Mentor00:12:25 - Treating Trading Like a Game00:18:28 - Proving Profitability00:24:28 - Transitioning to Swing Trading00:30:45 - The Importance of Patience in Trading00:36:27 - The Importance of Mental Capital00:42:09 - Transitioning from Scalping to Swing Trading00:48:21 - Using Data to Analyse Trade Performance00:54:09 - The Journey of a Trader01:00:06 - Trusting Your Trading Strategy01:07:25 - Managing larger trades and emotional battles during trades.__________________________________________ DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only__________________________________________ #trading #forex #forextrading #futures #swingtrading #daytrading #podcast #ict #scalping

On this episode of the Words of Rizdom podcast we are joined by Tanja Trades. Tanja is a renowned US based ICT trader & live streamer that has become immensely popular with streams consistently hitting over 3,000 concurrent viewers. ICT has regarded her as one of the best traders on Youtube and regularly tunes into Tanja's streams. Her open and sometimes aggressive trading style has surprised many, with most streamers in the trading space opting for low R to save any embarrassment, Tanja does the opposite! Make sure you stick around and watch the full episode as this one is packed with value!__________________________________________Join Our FREE Whop Community! 👉🏽 https://whop.com/words-of-rizdom/Free Telegram Community! 👉🏽 https://t.me/pocketsofrizdomFree Trading Plan 👇https://words-of-rizdom.ck.page/0542be7af0 __________________________________________TRADEZELLA: All-in-one trading journal and analytics tool that provides valuable insights, trade replay, in depth reporting, and more to gain clarity, eliminate costly mistakes, and trade smarter. ⬇️Use Code “RIZ10” for 10% off your subscription or Code “WOR” for 20% off your yearly subscription ⬇️ https://www.tradezella.com/?via=riz__________________________________________ The #1 Prop Firm In The Entire Industry Alpha Capital. They have their own broker, their own technology, actual institutional experience and the best community in the prop firm industry. They also still support the best trading platform for all Traders with Platform 5! 👀 ⬇️ Use Code "RIZ" for 20% OFF ALL Challenges. ⬇️ 👉 https://app.alphacapitalgroup.uk/signup/RIZ 👈Alpha Capital Has Now Joined The Futures Space With Alpha Futures!⬇️ Use Code "RIZ" for 20% OFF ALL Challenges. ⬇️ 👉 https://app.alpha-futures.com/signup/RIZ/ 👈__________________________________________ Host Your Course/Community On Whop For Peace of Mind and Incredible Growth, Book A Call Using The Link Below 👇 https://calendly.com/ari-whop/whoptradingAlternatively Set Up Your Store Immediately 👇https://dash.whop.com/?a=wordsofrizdomFind The Best Trading Education/Mentors Using Whop, Find Your Community Today! 👇https://whop.com/r/rizdom/__________________________________________ Tanja's Socials:Tanja's Instagram: https://www.instagram.com/tanjatradesTanja's Youtube: https://youtube.com/@TanjaTradesTanja's Twitter: https://x.com/tanjatrades__________________________________________ Riz’s Instagram: https://instagram.com/wordsofrizdomRiz’s Twitter: https://twitter.com/wordsof_rizdom __________________________________________ I hope you all enjoy this episode, let me know who you'd like to see on the podcast. 🙏🏽SUBSCRIBE BELOW! Turn your notification bell on so you can be notified when videos like this get dropped. Drop a like on the video to help this channel grow. 💪🏽__________________________________________ Timestamps:00:00:00 - Introduction00:07:05 - Reducing Losses and Emotional Control00:14:31 - Real-time strategies for emotional control while trading00:21:28 - The Importance of Not Chasing Every Move00:28:33 - Finding Structure in Trading00:36:16 - Finding Flexibility in Trading00:43:28 - Transitioning to Futures and Market Dynamics00:51:23 - Importance of Monitoring Emotional Flow and Performance00:58:47 - The Importance of Being Selective in Trades01:05:50 - The Consequences of Sizing Up01:13:09 - Trading Strategies: Liquidity and Pressure01:21:06 - Dealing with Winning and Losing Trades__________________________________________ DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only__________________________________________ #trading #forex #forextrading #futures #futurestrading #daytrading #podcast #ict #scalping

On this episode of the Words of Rizdom podcast we are joined by Nehal. She is a 7 figure funded trader that went from severe debt to making 5 figures a month consistently in the markets. In this podcast we discuss the importance of being profitable before taking the leap to becoming a full time trader, the attraction of futures trading, the struggles of being a female muslim trader and advice for other female traders out there in a male dominated industry. I hope you guys enjoy this one!__________________________________________Join Our FREE Whop Community! 👉🏽 https://whop.com/words-of-rizdom/Free Telegram Community! 👉🏽 https://t.me/pocketsofrizdomFree Trading Plan 👇https://words-of-rizdom.ck.page/0542be7af0 __________________________________________TRADEZELLA: All-in-one trading journal and analytics tool that provides valuable insights, trade replay, in depth reporting, and more to gain clarity, eliminate costly mistakes, and trade smarter. ⬇️Use Code “RIZ10” for 10% off your subscription or Code “WOR” for 20% off your yearly subscription ⬇️ https://www.tradezella.com/?via=riz__________________________________________ The #1 Prop Firm In The Entire Industry Alpha Capital. They have their own broker, their own technology, actual institutional experience and the best community in the prop firm industry. They also still support the best trading platform for all Traders with Platform 5! 👀 ⬇️ Use Code "RIZ" for 20% OFF ALL Challenges. ⬇️ 👉 https://app.alphacapitalgroup.uk/signup/RIZ 👈Alpha Capital Has Now Joined The Futures Space With Alpha Futures!⬇️ Use Code "RIZ" for 20% OFF ALL Challenges. ⬇️ 👉 https://app.alpha-futures.com/signup/RIZ/ 👈__________________________________________ Host Your Course/Community On Whop For Peace of Mind and Incredible Growth, Book A Call Using The Link Below 👇 https://calendly.com/ari-whop/whoptradingAlternatively Set Up Your Store Immediately 👇https://dash.whop.com/?a=wordsofrizdomFind The Best Trading Education/Mentors Using Whop, Find Your Community Today! 👇https://whop.com/r/rizdom/__________________________________________ Nehal's Socials:Nehal's Instagram: https://www.instagram.com/nehal.rmNehal's Twitter: https://x.com/nehal_rm1__________________________________________ Riz’s Instagram: https://instagram.com/wordsofrizdomRiz’s Twitter: https://twitter.com/wordsof_rizdom __________________________________________ I hope you all enjoy this episode, let me know who you'd like to see on the podcast. 🙏🏽SUBSCRIBE BELOW! Turn your notification bell on so you can be notified when videos like this get dropped. Drop a like on the video to help this channel grow. 💪🏽__________________________________________ Timestamps:00:00:00 - Introduction00:02:58 - Starting Trading with $100 a Day in Mind00:09:08 - Learning from Failure and Overcoming Challenges00:15:12 - Building Risk Tolerance and a Trading Plan00:21:30 - The Importance of Risk Management in Trading00:30:48 - The Illusion of Freedom in Trading00:33:40 - The Importance of Discipline and Routine in Trading00:39:37 - The Importance of Learning from Market History00:45:37 - Overcoming Barriers in Trading00:51:42 - Discussing Futures Trading00:57:45 - Managing Drawdown and Embracing the Long-Term Game00:57:54 - Strategies, Psychology, and Trading Books__________________________________________ DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only__________________________________________ #trading #forex #forextrading #futures #futurestrading #daytrading #podcast #swingtrading #scalping

On this episode of the Words of Rizdom podcast we are joined by Luke Belmar. Luke is an Argentinian born investor and entrepreneur. He moved to the US at the age of 16 and started in door to door sales. He dropped out of university and got into Facebook ads. Luke is an avid crypto trader & investor and has made an eye watering $20 Million+ from Crypto since 2016 and has been actively trading bitcoin from a price as low as $500. Luke's extensive network has given him access to circles of the most elite and powerful men in the world. In this podcast we discuss the US elections, Bitcoin and it's future, altcoins, the matrix and where Luke would look to invest/store his wealth. I hope you guys enjoy this one!__________________________________________Free Telegram Community! 👉🏽 https://t.me/pocketsofrizdomFree Trading Plan 👇https://words-of-rizdom.ck.page/0542be7af0 __________________________________________TRADEZELLA: All-in-one trading journal and analytics tool that provides valuable insights, trade replay, in depth reporting, and more to gain clarity, eliminate costly mistakes, and trade smarter. ⬇️Use Code “RIZ10” for 10% off your subscription ⬇️ https://www.tradezella.com/?via=riz⬇️Use Code “WOR” for 20% off your yearly subscription ⬇️ https://www.tradezella.com/?via=riz__________________________________________ The #1 Prop Firm In The Entire Industry Alpha Capital. They have their own broker, their own technology, actual institutional experience and the best community in the prop firm industry. They also still support the best trading platform for all Traders with Platform 5! 👀 Use Code "RIZ" for 20% OFF ALL Challenges. 👉 https://app.alphacapitalgroup.uk/signup/RIZ 👈__________________________________________ Host Your Course/Community On Whop For Peace of Mind and Incredible Growth, Book A Call Using The Link Below 👇 https://calendly.com/ari-whop/whoptradingAlternatively Set Up Your Store Immediately 👇https://dash.whop.com/?a=wordsofrizdomFind The Best Trading Education/Mentors Using Whop, Find Your Community Today! 👇https://whop.com/r/rizdom/__________________________________________ Luke Belmar’s Instagram: https://www.instagram.com/lukebelmarLuke Belmar’s X: https://x.com/lukebelmar__________________________________________ Riz’s Instagram: https://instagram.com/wordsofrizdomRiz’s Twitter: https://twitter.com/wordsof_rizdom __________________________________________ I hope you all enjoy this episode, let me know who you'd like to see on the podcast. 🙏🏽__________________________________________ Timestamps:00:00:00 - Introduction00:03:17 - Pattern Recognition and Market Performance00:06:35 - The Importance of ETF Approvals and Institutional Investment00:09:47 -Bitcoin Adoption Among Sovereign States00:12:52 - Investing in Meme Coins00:15:57 - The Unsustainability of Empty Promises00:19:10 - The Influence of Dogecoin and NFTs in the Market00:22:32 - Investing in Meme Culture00:25:42 - The Rise of Meme Coins00:28:56 - Meme Coins and Fast Money Opportunities00:35:26 - The Opportunity in Crypto and Digital Real Estate00:38:57 - The Evolution of Money: From Coinage to Bitcoin00:42:21 - The Dangers of Universal Basic Income00:45:43 - The Importance of Time, Energy, and Attention00:49:03 - The Importance of Putting in the Work00:52:37 - Becoming Better in Business00:55:50 - The Paycheck Mindset and Instant Gratification00:58:55 - Health and Well-being in Trading01:02:15 - Focusing on Cash Flow for Trading Success01:05:31 - Investing and the Importance of a Cash Buffer01:08:57 - Storing Value in Bitcoin01:12:30 - The Power of Reading and Gaining Knowledge01:15:39 - Investing in Ethereum and Other Crypto__________________________________________ DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only__________________________________________ #trading #forex #forextrading #futures #futurestrading #lukebelmar

On this episode of the Words of Rizdom podcast we are joined by Paul Scott. Paul started out on the London Metal Exchange in 1994 at 16. He got into the business via his father who was a copper trader for 25 years. Paul believes that it's all just one big game, with a set of rules that are passed down from one generation to the next, that historical levels can and will be reached and traded over and over again, that time is of no value and that the value of currencies has nothing to do with the value of real money. Paul shares from his 30 years of experience and industry secrets. Paul's Website: www.paulscottfx.com __________________________________________ Free Telegram Community! 👉🏽 https://t.me/pocketsofrizdom Free Trading Plan 👇 https://words-of-rizdom.ck.page/0542be7af0 __________________________________________ TRADEZELLA: All-in-one trading journal and analytics tool that provides valuable insights, trade replay, in depth reporting, and more to gain clarity, eliminate costly mistakes, and trade smarter. ⬇️Use Code “RIZ10” for 10% off your subscription ⬇️ https://www.tradezella.com/?via=riz ⬇️Use Code “WOR” for 20% off your yearly subscription ⬇️ https://www.tradezella.com/?via=riz __________________________________________ The #1 Prop Firm In The Entire Industry Alpha Capital. They have their own broker, their own technology, actual institutional experience and the best community in the prop firm industry. They also still support the best trading platform for all Traders with Platform 5! 👀 Use Code "RIZ" for 20% OFF ALL Challenges. 👉 https://app.alphacapitalgroup.uk/signup/RIZ 👈 __________________________________________ Riz’s Instagram: https://instagram.com/wordsofrizdom Riz’s Twitter: https://twitter.com/wordsof_rizdom __________________________________________ I hope you all enjoy this episode, let me know who you'd like to see on the podcast. 🙏🏽 SUBSCRIBE BELOW! Turn your notification bell on so you can be notified when videos like this get dropped. Drop a like on the video to help this channel grow. 💪🏽 __________________________________________ Timestamps: 00:00:00 - Introduction 00:05:11 - Starting in the Trading Industry 00:10:45 - Transition from Trading to Teaching 00:16:13 - The Changing Landscape of the Financial Industry 00:21:24 - Retail Trading Accessibility 00:27:05 - Technical Analysis: A Waste of Time 00:32:24 - Predicting Market Movements 00:37:26 - Predicting the Market with High Accuracy 00:42:50 - The Value of Money and Understanding the Game of Trading 00:48:34 - The Importance of Discipline 00:54:02 - "Set and Forget" Trading Strategy 00:59:42 - The Role of Analysts in Trading 01:04:55 - The Importance of Letting the Market Show You Its Hand 01:10:11 - Risks of Investing in Crypto. 01:15:07 - The Retail Trading Industry and its Problems 01:20:28 - The Importance of Fishing for Trades 01:25:31 - Becoming the Best Loser on the Planet 01:35:20 - Learning from Different Perspectives 01:40:35 - Trading Floor Mishap 01:46:14 - Misinterpretation and Miscommunication in Trading 01:51:41 - Fast-paced and adrenaline-filled environment 01:57:08 - Importance of Networking with Other Traders 02:02:22 - Outro __________________________________________ DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only __________________________________________ #trading #forex #forextrading #futures #futurestrading #daytrading #podcast #swingtrading #scalping

On this episode of the Words of Rizdom podcast we are joined by David Hale. David is a veteran trader and ex-prop firm owner that has been trading since the early 2000's. David's unique approach to trading is described in his book 'Reminiscences of a Day Trader' as "Possessing the key to a magical and highly secretive trading method". These are the methods that allow top traders to gorge on fat profits while the masses are fed generic technical methods from their gurus on Twitter and YouTube." David's incredible journey saw him become a multi-millionaire in his mid 20's to losing everything, earning $10 an hour and sleeping on his father's couch. This is an incredible episode so I hope you guys enjoy! __________________________________________ Free Telegram Community! 👉🏽 https://t.me/pocketsofrizdom Free Trading Plan 👇 https://words-of-rizdom.ck.page/0542be7af0 __________________________________________ TRADEZELLA: All-in-one trading journal and analytics tool that provides valuable insights, trade replay, in depth reporting, and more to gain clarity, eliminate costly mistakes, and trade smarter. ⬇️Use Code “RIZ10” for 10% off your subscription ⬇️ https://www.tradezella.com/?via=riz ⬇️Use Code “WOR” for 20% off your yearly subscription ⬇️ https://www.tradezella.com/?via=riz __________________________________________ The #1 Prop Firm In The Entire Industry Alpha Capital. They have their own broker, their own technology, actual institutional experience and the best community in the prop firm industry. They also still support the best trading platform for all Traders with Platform 5! 👀 Use Code "RIZ" for 20% OFF ALL Challenges. 👉 https://app.alphacapitalgroup.uk/signup/RIZ 👈 __________________________________________ David’s X Profile: https://x.com/creamtrader David’s Website: https://www.david-hale.com/ David’s Book US: https://a.co/d/fBDzbg5 David’s Book UK: https://amzn.eu/d/0aWBn9NB __________________________________________ Riz’s Instagram: https://instagram.com/wordsofrizdom Riz’s Twitter: https://twitter.com/wordsof_rizdom __________________________________________ I hope you all enjoy this episode, let me know who you'd like to see on the podcast. 🙏🏽 SUBSCRIBE BELOW! Turn your notification bell on so you can be notified when videos like this get dropped. Drop a like on the video to help this channel grow. 💪🏽 __________________________________________ Timestamps: 00:00:00 - Introduction 00:04:34 - From Gambling to Trading 00:09:04 - The Importance of Trading Environment 00:13:16 - Profit Splits for Traders 00:17:19 - The Importance of Executing a Strategy with Edge 00:21:34 - Discipline and Adaptability 00:25:51 - The Importance of Discipline in Trading 00:29:50 - Glitch Trading: Taking Advantage of Inefficiencies 00:34:13 - The Debate on Algorithms in Trading 00:38:35 - Taking Advantage of Volatility in Trading 00:42:49 - The Appeal of Glitch Trading in Equities and Crypto 00:47:06 - Finding Gems on YouTube 00:51:27 - From Millionaire Trader to Financial Collapse 00:56:14 - Surviving Rock Bottom as a Trader 01:00:52 - Trading During Volatility Spikes 01:05:16 - Adapting to Different Markets 01:09:25 - Getting Your Head Straight Before Trading Again 01:13:53 - The Pain of a Trade Out of Control 01:17:55 - The Importance of Confidence in Trading 01:22:09 - The Dangers of Quitting a Job for Trading 01:26:15 - Be Careful with Online Trading Resources 01:30:30 - Barriers of Entry and Traits of a Trader 01:34:32 - The Importance of Strategy with Edge 01:38:55 - The Reality and Dangers of Trading __________________________________________ DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only __________________________________________ #trading #forex #forextrading #futures #futurestrading #daytrading #podcast #swingtrading #scalping