Words of Rizdom

Join Argentinian investor Luke Belmar as he shares insights from his journey in crypto trading, having made over $20 million since 2016. He discusses the future of Bitcoin and its impact on the upcoming U.S. elections, showcasing how cryptocurrency could reshape politics. Luke dives into the meme coin craze, emphasizing the importance of community over utility. He highlights the evolving digital economy and the necessity for unique skills in the age of AI, as well as strategies for successful investing and wealth creation in this new frontier.

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

On this episode of the Words of Rizdom podcast we are joined by Chris Cathey. Chris is a former Goldman Sachs Equities Trader in Frankfurt, New York and London between 1993 and 2006. He was Anton Kreil's mentor and was part of the Institute of Trading & Porfolio Management for many years. Chris shares some insights from the professional realm of trading and his frustrations with courses and mentorships within the retail space. He shares controversial opinions on scalping and it's long term profitability and we also discuss the various financial crisis he's experienced throughout his years as a trader and how it's affected the market! You don't want to miss this one! __________________________________________ 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 00:05:18 - From Hedge Funds to Trading 00:10:48 - The Importance of Recruitment and Listening Skills 00:15:44 - Learning the language of trading 00:20:51 - Adapting to Different Market Cycles 00:25:58 - Trading Strategies and Changes in the Market 00:31:10 - The History of Trading: Pits and Trends 00:36:18 - Trying to Predict the Market's Movement 00:41:04 - The Dangers of Leverage and Time Horizons for Retail Traders 00:46:11 - The Importance of Changing Strategies 00:51:12 - The Risks of Jumping into Cryptocurrency 00:56:32 - Importance of Trust and Communication 01:01:36 - The Importance of Learning Fundamentals 01:06:32 - Emotional Attachment to Trading Positions 01:11:49 - Dealing with Losses and the Importance of Stop Losses 01:16:39 - The importance of not watching the screen all day 01:21:50 - Trading with an Edge: Is it Possible? 01:26:55 - The Importance of Clear Thinking in Trading 01:32:06 - Can anyone be a Trader? 01:37:24 - The Challenges of Raising a Family 01:43:17 - The Game of Finance and Trading 01:48:18 - Uncertainty in Trading and Managing Emotions 01:53:43 - Market Volatility and Market Bubbles 01:59:15 - Wrapping Up with Key Takeaways __________________________________________ 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 Jack D. Schwager in what is arguably the biggest episode ever released on this channel. He is a well-known trader, fund manager, and an industry expert in futures & hedge funds. He's the author of the best-selling book Market Wizards alongside many other books that have impacted millions of traders across the globe. He's been described as "Hands-down one of the most gifted investment authors on the planet". He's spent decades interviewing the most successful & profitable traders in the world and Jack was one of my biggest inspirations to starting the Words of Rizdom channel so it was an absolute honour to to able to sit down with him. Set aside a couple hours, grab your notebook and enjoy this incredible podcast packed with insane value. __________________________________________ 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 👈 __________________________________________ Subscribe To Alpha Futures Youtube Channel: https://youtube.com/@Alpha_Futures Sign Up For Alpha Futures Pre Launch To Be Entered Into A Massive Giveaway: https://join.alpha-futures.com/register __________________________________________ Guest's Socials: https://x.com/jackschwager __________________________________________ 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 00:04:50 - Discovering the World of Commodities 00:09:53 - Researching Market Statistics 00:19:34 - Finding Success in Trading 00:25:04 - Finding Unknown Traders 00:30:16 - The Role of Technical Analysis in Risk Management 00:35:19 - The Transition to Technical Analysis 00:40:12 - Adjusting the interview style 00:45:18 - The Importance of Having an Edge in Trading 00:50:05 - The Exceptional Trader 00:54:43 - Dynamic Risk in Trading 00:59:35 - Recognising Emotional Response in Trading 01:04:39 - Trading Psychology and Managing Emotions 01:09:29 - The Importance of Clarity and Objectivity in Trading 01:14:27 - Trading with Caution 01:19:25 - Managing Large Sums of Money 01:24:14 - Adaptability in Trading Styles 01:29:35 - The Rise and Fall of NFTs and Cryptocurrency 01:34:26 - The Insanity of Stock Trading 01:38:55 - The Importance of Finding an Approach That Works for You 01:43:58 - The Impact of Changes in the Market 01:48:52 - The Success and Impact of Market Wizards 01:51:05 - Final Advice and 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 Cue Banks. Cue is an OG in the trading space and has been in the markets for over a decade. He got fired from his job at Target and pursued trading full time. He's now become of the biggest names in the retail trading space and has become a multi-millionaire with an impressive supercar collection. His aggressive trading strategy has caused a lot of debate with his infamous NFP trade going viral after sinking $90,000 into drawdown. I've been meaning to get Cue on for a solo podcast for over a year and it's finally happened! Hope you guys enjoy this one! __________________________________________ 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 👈 __________________________________________ Subscribe To Alpha Futures Youtube Channel: https://youtube.com/@Alpha_Futures Sign Up For Alpha Futures Pre Launch To Be Entered Into A Massive Giveaway: https://join.alpha-futures.com/register __________________________________________ Guest's Socials: https://www.instagram.com/cuebanks https://youtube.com/@CueBanks __________________________________________ 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 - Intro 00:03:32 - Scaling in and $100k+ Trades 00:10:31 - Simplifying Chart Analysis 00:13:52 - Making small adjustments in trading strategy 00:17:06 - Adapting to Market Conditions 00:20:45 - Skill and Precision in Trading 00:24:26 - The NFP Trade 00:28:02 - Trading Bitcoin for Cars 00:31:32 - The Mindset of Having Rules in Trading 00:38:18 - Dealing with the Adrenaline Rush in Trading 00:41:40 - Focusing on Directional Bias 00:44:58 - The Importance of Sticking to Your Bias 00:48:05 - The Importance of Analysing and Waiting 00:54:50 - Analysing Different Currency Pairs 01:01:49 - The Importance of Patience and Individual Growth in Trading 01:05:12 - The Importance of Experimenting and Taking Risks in Trading 01:08:21 - Precision in Trading and Risk Management 01:18:30 - The Importance of Confidence and Taking Risks 01:23:24 - Balancing Priorities and Staying Positive 01:26:42 - Maintaining Confidence Throughout Life 01:30:24 - 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 Ben Chaffee. He's a 7 figure prop firm trader that left college with over $130,000 in crippling debt. He stepped into trading to pay off this debt and cleared everything from just prop firm trading. Ben is also an entrepreneur and the COO of Alpha Futures, a Alpha Capital Group owned Futures firm. He wants to disrupt the Futures prop firm space and provide traders with all the tools he wished he had when he first started out. I hope you guys enjoy this incredible episode! __________________________________________ Free Telegram Community! 👉🏽 https://t.me/pocketsofrizdom Free Trading Plan 👇 https://words-of-rizdom.ck.page/0542be7af0 __________________________________________ Subscribe To Alpha Futures Youtube Channel: https://youtube.com/@Alpha_Futures Sign Up For Alpha Futures Pre Launch To Be Entered Into A Massive Giveaway: https://join.alpha-futures.com/register __________________________________________ 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 👈 __________________________________________ Guest's Socials: https://www.instagram.com/benchaffee_ __________________________________________ 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. 💪🏽 __________________________________________ 00:00:00 - Intro 00:03:27 - Finding Inspiration and Chasing Trading Success 00:06:56 - Encouragement from a Successful Trader 00:10:05 - Learning from Other Traders 00:13:21 - The Journey to Financial Stability 00:16:27 - Taking Risks in The Pursuit of Happiness 00:19:39 - Taking Calculated Risks in Business and Trading 00:22:45 - The Importance of Time Management in Trading 00:25:56 - Starting the Trading Journey 00:29:03 - Challenges in the Learning Phase 00:32:20 - Balancing Work and Trading 00:35:19 - Transition to Prop Firms and Treating Trading as a Business 00:38:43 - Differences between personal and prop trading 00:41:54 - Transitioning to Futures Trading 00:45:18 - Transitioning to Futures Trading 00:48:36 - The Debate on Fixed Risk vs Dynamic Risk 00:51:54 - The Importance of Dynamic Risk Management 00:55:00 - Making Money on Trend Days 00:58:01 - The Biggest Hack to Increase Profits 01:01:01 - Dealing with Drawdown and Changing Strategies 01:04:07 - The Length of Time to Develop Trading Skills 01:07:14 - Building Connections in the Prop Trading Community 01:10:20 - The problem with email accounts in Apex 01:13:27 - Unrealistic Expectations and Industry Understanding 01:16:41 - The Importance of Knowledge in the Industry 01:20:01 - The Power of Commitment in Trading 01:23:11 - Determination and Growth __________________________________________ 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 NBB Trader & 5ive Beatz again. In 2023 we released an episode with NBB Trader which went on to become the biggest episode we have ever dropped on the Words of Rizdom channel. Omor's simple but unique trading approach using ICT concepts has made him a huge name in the ICT space. You guys have been asking for over a year to get Omor back on the channel for Part II so here you go! __________________________________________ 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 👈 __________________________________________ Guest's Socials: https://x.com/omor214 https://www.instagram.com/5ivebeatz __________________________________________ 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. 💪🏽 __________________________________________ 00:00:00 - Intro 00:04:28 - Chasing the Wrong Thing 00:09:15 - Overemphasis on Technicals 00:13:54 - Day Trading Strategies 00:18:26 - The Impact of the Community 00:22:56 - Mentorship and Commitment 00:27:31 - The Impact of Homework on Trading 00:32:01 - The Importance of Confidence in Trading 00:42:03 - Slowing Down and Taking Accountability in Trading 00:46:26 - Seeking Validation and the Dangers of Ego 00:50:53 - The Importance of Journaling 00:55:38 - Learning from Younger Mentors 01:00:20 - The Importance of Considering Conflicting Arguments in Trading 01:04:48 - Importance of Reading the Economic Calendar 01:09:39 - Overcoming Mental Barriers in Trading 01:14:29 - Long-term Trading Strategies and Capital Growth 01:23:54 - Managing Risk and Building Confidence in Trading 01:28:19 - Trusting the Patterns in the Market 01:32:45 - Takeaways from the Episode __________________________________________ 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 5ive Beatz. A music producer turned funded trader who produced music for Nines, Potter Payper & Pop Smoke. 5ive was sentenced to prison after spending an early part of his life involved in crime. 5ive got into trading and has now achieved a massive $150,000 in payouts in less than nine months! An incredible journey and a lot to take away from this podcast! __________________________________________ 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 👈 __________________________________________ Guest's Socials: https://www.instagram.com/5ivebeatz __________________________________________ 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. 💪🏽 __________________________________________ 00:00:00 - Intro 00:03:34 - From Music to Trading: Finding Independence 00:06:59 - Reflecting on Past Choices 00:10:20 - Switching to Music 00:13:41 - From Hardship to Success in the Music Industry 00:16:53 - Working with Travis Scott 00:20:03 - Finding a New Path in Trading 00:23:28 - The Importance of Mental Strength in Trading 00:26:59 - Finding a Legit Mentor 00:30:21 - The Journey of Success and Learning Every Day 00:33:24 - Taking a Break and Slowing Down in Trading 00:36:38 - Learning from Financial Mistakes and Staying Disciplined 00:39:48 - Learning from Drawdowns and Humbling Experiences 00:42:54 - Overcoming Fear and Taking the Risk 00:46:09 - The Importance of Proper Risk Management 00:49:24 - Applying the Skill Set to Prop Trading 00:52:47 - The importance of trading discipline and simplicity 00:56:12 - Proper Risk Management and Data Analysis 00:59:48 - The Journey of a Trader 01:03:18 - Always a Student, Always Learning __________________________________________ 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 Waqar Asim, Bernd Skorupinski, Kimmel Trading, Andrew NFX. In this 2 hour roundtable we discuss with verified 7 figure traders the key differences between scalping and swing trading. The importance of fundamentals in trading, scaling capital, the choice between prop firms and personal and so much more! __________________________________________ 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 👈 __________________________________________ Guest's Socials: https://www.instagram.com/waqarasim https://www.instagram.com/bernd_skorupinski https://www.instagram.com/kimmeltrading https://www.instagram.com/kimmeltrading __________________________________________ 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 - Intro 00:08:04 - The Challenge of Trading Lower Time Frames 00:15:35 - The Psychology of Trading and Using Trade Zella 00:23:08 - Modifying Trading Strategies for Prop Firms and Full-Time Jobs 00:30:57 - Finding the Right Balance in Trading Strategies 00:39:09 - Quality over Quantity in Trading 00:46:48 - KPIs and Trading Strategies 00:55:09 - Trading Strategies and Risk Management 01:03:19.000 - Strategies for Managing Commission and Execution Fees 01:11:23 - Factors to Consider in Trading Strategies 01:18:52 - The Importance of Fundamentals 01:26:32 - The Break of Supply Zones 01:35:05 - The Importance of Putting in the Work 01:43:41 - The Importance of Being Transparent in Education 01:51:01 - The Importance of Live Trading 01:58:55 - Financial Stability before Trading 02:07:25 - The Feeling of Making the First Profit in Trading 02:15:10 - Lessons Learned from Losses and Wins 02:23:34 - The Joy of Creating Content on Social Media 02:31:01 - The Blessing of YouTube Growth 02:40:03 - Wrap Up and Future Round Table Discussions __________________________________________ 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