Ben Chaffee: Paying Off $130,000 from Prop Firm Trading | WOR Podcast - EP.119
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- เผยแพร่เมื่อ 27 มิ.ย. 2024
- 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!
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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.
👉 app.alphacapitalgroup.uk/sign... 👈
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Guest's Socials:
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Riz’s Twitter: / wordsof_rizdom
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I hope you all enjoy this episode, let me know who you'd like to see on the podcast. 🙏🏽
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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
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DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only
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#trading #forex #forextrading #futures #futurestrading #daytrading #podcast #swingtrading #scalping - บันเทิง
Free Telegram Community! 👉🏽 t.me/pocketsofrizdom
Free Trading Plan 👇
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 ⬇️
www.tradezella.com/?via=riz
⬇️Use Code “WOR” for 20% off your yearly subscription ⬇️
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.
👉 app.alphacapitalgroup.uk/signup/RIZ 👈
Thanks so much for your time brother, it was a pleasure. And I meant SMC trader!!! ICT = SMC in my brain that day 😂
One day I’m gonna be on this man’s podcast and he’s going to be interviewing me and I will be sharing my story on this show. My king, I appreciate what you doing. This podcast, is always keeping me in check on my psychology more than anything. Shout out bro
One day I will make a podcast and invite you both
Here's what I learned:
Trading will take time. Dont rush it. Learn to be patient and wait for the best setups. Stay out of ranging markets and stick to trending ones only. Futures is generally better to trade with than forex. Use higher timeframes for bias and direction. Trading will give you financial freedom and Ben said himself.
Not that much time. Took me two years
How long did it take you to be profitable?
One can change absolute trajectory of their life with the internet. We're living in Best era of humanity 🔥💯
There's no better time,.. you could become the self sufficient from the internet
and as a profession
Wake up at 3am Malaysia time just to watch this gem podcast. Really love it
This is episode is a life changing for me. I was in debt I mean pressing one. This messed my psychology as I want to go all in to pass challenges and offset my debts.
Lost 26 challenge with ACG as a result of this.
With this episode I will just give myself 5 months to pass a challenge and gradually pay off my debt.
There is no doubt that Alpha Capital Group is one of the best propfirm out there among other propfirm industries
This Alpha COO sounds so smart and knowledgeable
Some people are gifted and quickly adapt knowledge!!
Discipline is the key to trading
Nice interview Alpha Capital all the way 🔥🔥🔥🔥🔥
Having an edge In the market is just the savior of any trader.
Thanks, inspirational Ben, your future is bright at Alpha Futures
Thanks for the valuable words!
I paid off student loans and personal credit card debt from futures prop firms as well. Stay focused kids🤫😮💨🚀😎🔥🤬
Thnks for giving valuable time
More valuable knowledge thank you Riz🙌🏼
I love Riz podcasts. And we got more knowledge from there podcasts.
Engaging and informative! The trader's journey is inspiring and full of wizdom.
Let’s goo🔥 Can’t wait for this one
Love what you're doing @Riz. Glad youre back with Alpha.
Truth is, trading has a way of transforming one. Trading has the potensity to bring one from nothing to someone
Truly informative, thank you! ❤
Biggest takeaway for me, that i'm on track.i've been doing losing trades,making little wins, showing up,remained commited. Walked similar path with Ben. from the debts, to the 'forex as a side'.to the up scaling. FOr me,not there yet. but i'm on track.. Also i need to move into futures. CFD is too chaotic...and nice motivation
Riz thank you for making these podcasts they are so inspirational ❤
Another’ One From Rizdom 🚀🏆✌️🔥🇿🇦
Let's goooo! So much more to come, great gems to be unleashed today, I feel it
Commit to it and discipline if you want to be good at trading, I already knew this before but it was good to hear it again. Thanks Ben was a good one! And thanks Riz
Biggest lesson that i took, If you can find a way to measure the advantges of trading apart from monetary values, you can find a way to internalize your efforts and utilize them to become profitabe indirectly
Great motivation
Wow, what an inspiring message ❤❤❤❤🔥🔥🔥🔥
This man inspired me to stay on the trading game, what ever happen. Thank you
The key to becoming a successful trader is being patient and disciplined.
To become a successful trader it takes time, don't rush and u will become successful.
Nice interview @ words of Rhizdom.
Alpha Capital the best prop firm ❤❤🔥🔥🔥🔥🔥🔥
Said I can not open the live chat, very solid to see him pointing out the reasons of success are in the way you act consistent
Ben one of the few real ones!
Commit to what you are doing, best lesson in life imo, thanx guys
Impressed how quick some can pick it up. Still waiting on any sort of gains.
It was nice being here
Love to hear that 👏👏
watching all the way from Southafrica
That’s a good topic about FOMO, kinda had the same “issue” so I found it really helpful with the advice
Trading psychology is key to being a successful and profitable trade
Trade only when your sight opportunity ( your edge) focus on developing your skill not quick money mindset
Another top top podcast 👏
Very educational
I have learnt something in this life and in my trading journey so far, trading with emotions could be the worst experience you'd have in the world of trading for example, trading to meet up with debts or loans
Another lesson learnt is always trade money u can afford to lose. What an insane insight on how to trade
Thanks ACG
U guys are the best
Awesome stuff
32:20 is the golden nugget
Never give up 💪❤️
“As a trader, you need to be reviewing your trades” ✍️
Good days and bad days ✊🏿
Successful traders never stop to learn even when they are profitable in the market just to keep them consistent. Because there's a big difference between the word "profitable trader and "consistent profitable trader"
Started trading 2024… I hope prop firm like ACG will be there for us
130k from challenges is insane 🎉❤
Same here, just lost the account today. But, nothing that will impact my income. Thats why prop firms helpful
As long as we have the drive to win in life, we can do everything to succeed.
Learning is a phase for trading
Sticking to your risk management plan even at drawdown is the best. ✍️
LETS GO BEN! WOOH!
As long as we have the drive to win in life, we can do everything to succeed. Aim high!
Nice strategy riz
Stick to an edge and be humble to keep learning and developing your edge
Creating your own strategy is key
Nothing yet?
Relentless
Problem solving mindset. Ability to figure out your bad and work it out to good
A lot of knowledge from this session. I’m grateful. I noticed most times, I get most of my losses in ranging markets.
I have to stop trading on days like these in order to maximize my wins in the trending days
Amazing 🎉
Great mean of potential behind ACG.
A good mentor make your success in trading easy
Excited to trade futures with Alpha Futures. Not to mention that Ben is so cute! 😊
Was almost giving up on trading. Thank God for ACG free risk review
How long u been trading?
@@Goodfellaz999 3 years
My love for Alpha Capital is undiluted and can't be compared to other firms because Alpha puts its traders first. They are not just there to make money from traders by making difficult rules which could affect your trading but they want to see you succeed.
Sometimes, I have to do my analysis at midnight after the market has opened for the new day, sometimes on weekend for the new week and wait for my setup to come to play
Never give up
ALPHA are gonna become my home❤
Trading is ultimate money glitch 📈💵
Big up
To you bro🎉
First comment and like here 😅
My notepad is ready to be filled with valuable knowledge, advice, concepts etc
Respect Riz ❤
Really cool story so far, nice he could pay his dept just with trading. It’s a bit like the dream everyone is hunting for
Your idea on risk management is the best. .4-.6% risk.
Personally, I stick with .5%
Biggest lesson was patience. I found that i had enough skill but with no discipline loss was inevitable.
A good ooo ropfirm like ACG will change your life. You put in your best. 😊
W man we all hope to not regret trading and hope one day it will workout no matter how long it takes
Currently backtesting the silver bullet for June and from. 3rd to current the gain overall was around 30%, but only realised i had the analysis an hour earlier than the silver bullet so that kind of puts a new spin to it now
Wow, what an inspiring story, Ben Chaffee! It takes a lot of discipline, skill, and perseverance. Your journey is truly motivating for anyone looking to achieve financial freedom. Thanks for sharing your experience and insights-this is a real testament to what dedication and hard work can accomplish in the world of trading! Keep it up! 💪📈
Congrats on your success, Ben! It's inspiring to see what can be accomplished through hard work and strategic trading. Looking forward to seeing Alpha Futures in action and discovering what it has in store for futures traders.
Absolutely! Here's a concise trading tip from the podcast: "Stay disciplined with your strategy, manage risks diligently, and always keep learning. These principles can make a world of difference in your trading journey."
Make time for whatever you care about
You were really determined to learn despite your tight schedule, working, going to school….
Am inspired, I also started trading in 2018 . Not yet successful but I will get there one day. . Shout-out to you for the podcast ❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤
Goat 🐐 ❤
See you at the event
If genuine prop firm had face then he most welcome to ACG group.
Let's goo 🎉
Propfirm will help you develop in risk management
YM, NQ, ES - check the tick and contract value.
Ok i am in, lets hear it, help us out
You'd definitely bridge or blow up your account because you're definitely trading to meet up with the problems around you. Even when you know or see that the market is not favorable or your setups are not yet ripe
Always treat trading as a bussiness
Alpha Capital Group is the only propfirm with less trading conditions for its traders
I'm in let's listen our mentors
The outlier of the Industry Quillan Black
Currency pairs movement are mostly affected by news if it's not the base currency, it will be quote currency but you see US30 and NAS100? These pairs moves well once the new york stock exchange opens and you got your bias well analyzed
I have been in this situation before where trading was kind of difficult to follow up because of my busy work schedule