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Brother. You need to change the name of this podcast. I spent a year avoiding it because I associated it with the modern gen Z slang word "Rizz" for Charisma lol. I cant be the first to be turned away by this
Another technical analysis professional trader. There are so many ways to trade. I never want to hear another fundamental analysis trader say that technical analysis is garbage.
The more people trade using fundamentals, the better it is for technical traders! Less competition.. so tell everyone they should trade fundamental only!
Good to see your moving away from the ‘influencers’ to actual real traders with real stories and real experience, not just some 20yr old kid living out his nans garage claiming he’s cracked the code with Ict.. keep it up 👍🏻
So nice you've moved from the insta traders to serious men of this industry🙌🏻❤ well done mate, nice seeing the wisdom and experience on your platform again!❤
I completely disagree, not only from my previous comment, but also started trading soy beans and had no idea that they were extremely volatile… What the heck?
I loved how he was emphasizing the importance of risk management and had a statistical approach to trading. That's the part a lot of traders don't talk about. There is power in compounding!
biggest takeaway was putting your stop to break even after initial risk is covered. I liked the idea of even if you take a small profit, you can use it as a date or to go to dinner.
This is absolute gem of an episode❤ Thank you Riz. My take aways from this stalwart 1.Non negotiable Risk management 2.Journaling - Every trading aspect 3. Feeling Meter- Gauging the mental and physical readiness before trading
100% truth in this entire video. he has been the best guest, hands down, if you are really a trader, you took a lot from this information, things others wouldnt even notice
Thank you so much! I really enjoyed this interview. I've watched a few of your podcasts as a novice and this one in particular really helped to reinforce some of the hard lessons starting out. I was very interested to hear about bankroll management and that final point regarding a 2 year cash runway as a buffer is a real eye-opener. I can only imagine the psychological benefits of that, but it feels a lifetime away!
@@wordsofrizdom the importance of behavioral finance. Hopefully you could ask this question to the upcoming Pro Traders who join your podcast . it actually gives perspetive
An other great episode well done. So much lessons and nuggets in this episode. " Put the BE, taking partial when the trade hit TP and let the trade run " . Having a journal is so important and being capable to know when no taking trades because of some issues in our personal life. Im so grateful for this episode. Thanks from Paris 🇫🇷
hey Riz, a quick question. at the last point when he said he took out £7 from £10-a-point position & let the £3 run, did he move the stop to BE, or keep the original stop?
@@rahulravi9754 Hi, you can also move your stop to break even. On some strategies I do that once the market has gone in my favour by the distance of my original stop; e.g. if you buy at 100 and have a stop at 90, when the market rises to 110, you move your stop to 100; that way you have a "free" trade on; hope that makes sense
Damn I Really Always learn Good Lessons from your Podcast the Markets can always do the impossible so always put a Stop loss on every trade don't use mental stop it doesn't make you disciplined and to Achieve consistently Profitable Outcome in the Financial Markets for the Long term Run 😎📌💯✅
First of all, they trade with your money not money from their own pocket, the bank/company they work for gives them an account of for example 1million € £ or $, they must put all that 1 million to work in trades. Whereas you yourself sitting at home trading have the choice of how much of your account is active in trades.
Thank you Rizdom. You are a legend with all these Veterans. They are really dropping the gems especially the psychology behind trading. I love how he explains he has multiple strategies for different conditions in the market.
Even if you have a system (or win rate) which is, say 63% right, if you trade long enough you may at some stage in the future get 12, 13, 14 ....18 trades (or more) wrong in a row...even if the odds of this happening are less than 1%. This is why you need to make sure you never risk more than a maximum of 3% of your trading capital per trade.
A good interview. BUT, isn't it natural for someone to hold back from buying when an instrument is at all-time high? It could have fallen as easily as when it went higher!
My problem is im starting with just a few hundred at a time. So if i manage stop loss is small and never allows room.for the trade to breathe. I get stopped out even when i have the direction right. Then i just get nickel and dimed to death until my money is gone
Because the system was not accounting for the situation of limit up/down sessions where you are stuck in your position. That's a separate risk in some ag markets.
Daytrading id HOW you BUILD your stack... then once you have enough you MUST take long term trades and mentality, the very amount of money forces you to do it. So it is not that billionaires don't day trade, but that they cannot grow more if they keep day trading.
Are we in a race that can't be won? Patterns are not hard to see. Easier than chemistry, astronomy, biology, algebra. But the market is aware of every A+ setup and even fail those just to keep retail losing and win just enough to come back to the casino.
@wordsofrizdom very possible. But under the acceptance that nothing works. Only windows of opportunity when they arise. That's what makes this gambling and not a job. I don't care if you sit at a desk with a suit doing this, still gambling. A pro gambler makes money. Pro traders are pro gamblers. You can't figure out gambling you only play with odds and probability. If you try to "figure it out" you die
Overbought is misleading. Strong trends will have a high RSI. Indicators have not adapted to the market. Especially if you are using the default settings. In the end, price matter most. Not the fed, options market, or indicators.
Isnt it funny how almost EVERY one of these videos, these guys talk about their "edge" ...no one SHOWS it haha ... its Best to spend as Least time as possible here watching / listening and get on your charts and BackTest/ Study .... NO ONE is going to tell you HOW to trade or truley reveal their edge IF Profitable
@ Awesome bro, I like to watch ur interviews 3-4 times so I don’t miss anything but I thought it was quite valuable, definitely some golden nuggets in there! And reconfirms I’m on the right track. Cheers mate 🥂
Join the Market Journal community for weekly direct market insights for FREE 👉 www.market-journal.com
Use Code “RIZ10” for 10% Off or Code “WOR” for 20% off 👉 bit.ly/TradeZellaWOR
Use Code "RIZ25" for 25% OFF ALL Challenges 👉 bit.ly/AlphaCapitalWOR
Use Code "RIZ" for 20% OFF ALL Challenges 👉 bit.ly/AlphaFuturesWOR
Free Telegram Community! 👉🏽 t.me/pocketsofrizdom
Brother. You need to change the name of this podcast. I spent a year avoiding it because I associated it with the modern gen Z slang word "Rizz" for Charisma lol. I cant be the first to be turned away by this
Another technical analysis professional trader. There are so many ways to trade. I never want to hear another fundamental analysis trader say that technical analysis is garbage.
Yes indeed! The best part about trading is there is no right way to go about it
The more people trade using fundamentals, the better it is for technical traders! Less competition.. so tell everyone they should trade fundamental only!
Good to see your moving away from the ‘influencers’ to actual real traders with real stories and real experience, not just some 20yr old kid living out his nans garage claiming he’s cracked the code with Ict.. keep it up 👍🏻
😂😂
🤣 thank u
Yup the veterans are the best to hear from imo
😅 thank you, more value to come 🙏🏼
@@wordsofrizdom all of it is helpful put these on while working Ubering and delivering 🫡
So nice you've moved from the insta traders to serious men of this industry🙌🏻❤ well done mate, nice seeing the wisdom and experience on your platform again!❤
Thank you! New levels this year 🫡❤️
@@wordsofrizdom like trading its a maturity curve, teh more time in the game teh more you realise where the value lies
This guy is crazy knowledgeable but also manages to explain it in a way that makes so much sense
That’s what we love! Always the best kind 🔥
I completely disagree, not only from my previous comment, but also started trading soy beans and had no idea that they were extremely volatile… What the heck?
I loved how he was emphasizing the importance of risk management and had a statistical approach to trading. That's the part a lot of traders don't talk about. There is power in compounding!
The straight German style really hit home for me. Loved it. 🇩🇪 🤝
Love to hear it! Thank you for tuning in, plenty more to come 🔥
biggest takeaway was putting your stop to break even after initial risk is covered. I liked the idea of even if you take a small profit, you can use it as a date or to go to dinner.
That’s right! Risk management is so important! Thank you for sharing and for tuning in 🔥
I love this podcast and most especially what he said on Trade management, being very disciplined with your stops.
Thank you for the support! Glad you enjoyed the episode 🫡
This is absolute gem of an episode❤
Thank you Riz.
My take aways from this stalwart
1.Non negotiable Risk management
2.Journaling - Every trading aspect
3. Feeling Meter- Gauging the mental and physical readiness before trading
Thank you for sharing your takeaways🫡
thanks raju
This is a real professional not even one word about "I made 10k, 50k in 2 days in my bathroom"
I turned 100 to a million 😂😂
Hope you enjoyed the episode! 🫡
Kkkkkk in my bathroom 😂😂
😂😂😂😂
@@rockefeller13that was pure luck 🍀
I wanna see Adam G do that again to mathematically prove that he did t get lucky
Thanks Riz for sharing this conversation and waking up early! Just hit 4% on my verification account. 1% more to go - fingers crossed!
Smashing it! Best of luck with your verification 🫡
Congratulations 🎊
You channel is much better and more respectable with people like this rather than all the fake gurus and ICT/SMC fanboys who sell mentorships with 5k
Thank you Lucy 🫡
Makes perfect sense. This guy is a teacher as the saying goes… Those who can’t do teach
Rudolph shorted Nasdaq and SP500 in 2023 and got totaly rekt and completely liquidated.
That's because he's full of shit
100% truth in this entire video. he has been the best guest, hands down, if you are really a trader, you took a lot from this information, things others wouldnt even notice
Thank you for tuning in🫡🫡
Thank you so much! I really enjoyed this interview. I've watched a few of your podcasts as a novice and this one in particular really helped to reinforce some of the hard lessons starting out. I was very interested to hear about bankroll management and that final point regarding a 2 year cash runway as a buffer is a real eye-opener. I can only imagine the psychological benefits of that, but it feels a lifetime away!
Glad you enjoyed the episode - all the best on your continued journey🫡
This is so good. His composure and relaxation spitting all the facts made me stack to the interview. Most High bless you both mehhn.
Thanks for the support! 🫡
Belief & Discipline 💯
💯🫡
A great video, thanks for sharing it. My biggest takeaway is that I need to watch more of your videos 😄 keep up the good work.
Thank you for tuning in🫡
For every desired result, there is a required effort. You really cannot escape the work.
Totally agree! 🤝
Thanks for the very nice presentation on how to succeed in trading!
Thank you for tuning in🫡
Love that you asked about the education background and how does it help in trading .
It was an important question for sure! What did you learn from the episode?
@@wordsofrizdom the importance of behavioral finance. Hopefully you could ask this question to the upcoming Pro Traders who join your podcast . it actually gives perspetive
That wqs epic liked the questions and the time 1hr for a podcast 1hr if great sense keep up the good work riz
Thank you! What was your favourite question?
"Trade with 100% discipline" That's what I'm working on.
Discipline is key! Thank you for tuning in🫡
Love it , took some great lessons
Great to hear! Thanks for tuning in 🤝
Subscribed only because of this video. 🤝
Love to hear it! We have plenty more just like it coming through!
Great content. Thank you Riz. 🙏🏽
Thank you gentlemen was insightful and a pleasure to listen to!
Thank you for watching! 🙏🏽
KEEP UP BROTHER AND STAY BLESS
Thank you for tuning in🫡
Thanks mate loving the new podcasts
Thank you for tuning in! 🫡
It was very very helpful .We look at the 20 , 22 year old millionaire traders but the real traders are the one's that have won in long term.
Thank you for watching 🫡
my take out from this episode always take partials... and thank you for this episode
Thank you for tuning in!
Hi it would be awesome if your guests cloud explained their strategy with charts.
Will do our best to make this happen soon🫡
What a refreshing interview especially if one started losing hope
Thank you for tuning in! Glad you enjoyed it🙏🏽
So inspiring, amazing talks.
Thank you for tuning in🙏🏽
Good job Riz. You are really doing us a great favour by bringing on people with long and great experience. Greetings to you man.
Thank you! Appreciate the support 🙏🏼
"Verified trading veteran." Brilliant. After that intro, I had to listen to all of it.
Hope you enjoyed it! 🙏🏼
An other great episode well done. So much lessons and nuggets in this episode. " Put the BE, taking partial when the trade hit TP and let the trade run " . Having a journal is so important and being capable to know when no taking trades because of some issues in our personal life. Im so grateful for this episode. Thanks from Paris 🇫🇷
Love to you for watching and sharing your thoughts! We have so much more to come 🔥
fantastico! gracias por esta gran entrevista, comparto muchas ideas que el comenta y sin duda me llevo grandes enseñanzas.
Thank you for tuning in! What lessons did you take away? 🙏🏽
I like this guy I’m 23 with his knowledge now😈
Thank you for tuning in! All the best on your journey 🫡
Awesome video! 🙏
Thank you for tuning in🫡
👑 Bro is king and would like advice from professional rather than kids
Love to hear it! Be sure to check out the recent episode 🔥
I really enjoy this podcast session,❤ mind-blowing technical my love❤
Love to hear it, appreciate you tuning in 🫡
@@wordsofrizdom your welcome words of rizdom can't for another mind blown podcast session ❤️
Let’s go 🫡
hey Riz, a quick question. at the last point when he said he took out £7 from £10-a-point position & let the £3 run, did he move the stop to BE, or keep the original stop?
Orginal stop
@@rahulravi9754 Hi, you can also move your stop to break even. On some strategies I do that once the market has gone in my favour by the distance of my original stop; e.g. if you buy at 100 and have a stop at 90, when the market rises to 110, you move your stop to 100; that way you have a "free" trade on; hope that makes sense
Damn I Really Always learn Good Lessons from your Podcast the Markets can always do the impossible so always put a Stop loss on every trade don't use mental stop it doesn't make you disciplined and to Achieve consistently Profitable Outcome in the Financial Markets for the Long term Run 😎📌💯✅
Thank you for tuning in🫡
Trading is all about RISK MANAGEMENT 👏
Indeed! It’s a HUGE element! 🔥
thank you sam from Ghana
Thank you for tuning in🫡
Loved the interview! What does he mean as a professional trader they don’t have access to that? A stop loss?
First of all, they trade with your money not money from their own pocket, the bank/company they work for gives them an account of for example 1million € £ or $, they must put all that 1 million to work in trades. Whereas you yourself sitting at home trading have the choice of how much of your account is active in trades.
Beautiful talk, thanks
Thank you for tuning in!
Thank you Rizdom. You are a legend with all these Veterans. They are really dropping the gems especially the psychology behind trading. I love how he explains he has multiple strategies for different conditions in the market.
Thank you for tuning🙏🏽
When he said that he had lost 18 trades in a row even his strategy has 63-68% win rate what is the case?
Even if you have a system (or win rate) which is, say 63% right, if you trade long enough you may at some stage in the future get 12, 13, 14 ....18 trades (or more) wrong in a row...even if the odds of this happening are less than 1%. This is why you need to make sure you never risk more than a maximum of 3% of your trading capital per trade.
I would like for you to ask these professionals their opinion and thoughts on back testing please, if you already haven’t?
Ofcourse will include in future interviews🙏🏽
@ Brilliant!
the episode is epic
Thank you for watching 🙏🏽
Please help, he called a name of a book. What's the name and author.
Does anybody of you wonderful people know or have any idea about which books this elegant man was talking about ?
THANKS WOR❤️
Thank you for tuning in!! 🙏🏽
Yes riz. Yes
Riz, please bring in Tom Hougaard.. Thanks
Will do my best! 🙏🏽
A good interview. BUT, isn't it natural for someone to hold back from buying when an instrument is at all-time high? It could have fallen as easily as when it went higher!
"Human nature"....tis' the key ingredient.
🫡🫡
Please invite Tom Hougaard. That would be some discussion
I will look into that! 👀
Definitely do. Please! @@wordsofrizdom
Tom hougaard have a totally different trading style . He takes risks a lot compared to others .
My problem is im starting with just a few hundred at a time. So if i manage stop loss is small and never allows room.for the trade to breathe. I get stopped out even when i have the direction right. Then i just get nickel and dimed to death until my money is gone
Sounds like you should look at your stop loss placement most of all and perhaps the entry area and see where that can optimised.
even a trader who's been trading for 30 years still speaks basic stuff ..trading is always about the basics .
Foundations are key🫡🫡
Sir 63 % is high 😮 . What’s his RR ?
It depends on the system I trade, anything between 1.3-1.6 up to 2.81
Number one trading podcast in the world, oh really?
Hell yes! Name me one with better metrics across the board?
Loving the extra value Riz. Keep up the great work speaking to the pros of the industry!
More to come soon! Thank you for the support 🫡
Crazy how your Podcasts has Changed! 🤩 Haven’t been here in a long time but sure Value just elevated 🎉
Agreed they have levelled up to a point where I’d like a TH-cam version of market wizards
Welcome back! Thank you for the support 🤝
Could of listened to him all day some lovely nuggets in there, thanks Riz great interview
That’s great to hear! Will have to have him back!
ICT guys rethinking life decisions
Hope you enjoyed the episode?!
No clue how long this is going to be but i'm not moving an inch until it's over 💪
I'm with you 💪🏿
Hope you enjoyed it & didn’t move until it was done! 😅❤️
Very insightful, every second of the podcast had value!
That’s the goal right there! 🔥
We cannot thank you enough for the wealth of education, especially for me. I am very grateful for your effort.
Love to hear it! This is why I started the podcast, hope you enjoy the episode 🙏🏼
Did he just say he post ideas but doesn’t take him because he has better trades… Did he just really say that… Where’d you find this guy Riz?
18 losses in a row with 63-38% win rate is mathematically impossible.
no it isn't...but granted, the odds of this happening are significantly less than 1%...but it did happen
Because the system was not accounting for the situation of limit up/down sessions where you are stuck in your position. That's a separate risk in some ag markets.
Its doesn’t repeat but often rhymes… bars
It’s a grey line for sure! 🔥
Great interview...I'd Appreciate it of Riz would keep most of his own thoughts aside, and ask more questions instead 🤷♂
Indicators are tools. If you have been properly trained & follow the rules you will not get hurt.
In trading…there is no such thing as “you will not get hurt”.
Thank you for tuning in🙏🏽
Tom Hougaard the next guest???
When???
Will do my best 🙏🏽
Think about this: There are no billionaire day traders
That’s because at that level of capital it’s hard to have a short term edge
Daytrading id HOW you BUILD your stack... then once you have enough you MUST take long term trades and mentality, the very amount of money forces you to do it. So it is not that billionaires don't day trade, but that they cannot grow more if they keep day trading.
Even moderate sized accounts have no issue with overnight margins, so most undercapitalized new traders are forced to day trade.
If waqar was taking this interview that he will 90% of time 😂😂😂
Not sure what you mean?
Sounds like scientists analyzing an experiment, if you learn to read price,...with a trend,.....simple as it becomes..
Thank you for tuning in🙏🏽
43:28 who is he talking about i cannot understand doctor f something he mentioned about his books
Dr Van Tharp
Are we in a race that can't be won? Patterns are not hard to see. Easier than chemistry, astronomy, biology, algebra. But the market is aware of every A+ setup and even fail those just to keep retail losing and win just enough to come back to the casino.
So you think that trading isn’t possible?
@wordsofrizdom very possible. But under the acceptance that nothing works. Only windows of opportunity when they arise. That's what makes this gambling and not a job. I don't care if you sit at a desk with a suit doing this, still gambling. A pro gambler makes money. Pro traders are pro gamblers. You can't figure out gambling you only play with odds and probability. If you try to "figure it out" you die
Superb discussion well done 🎉
That’s what we love to hear!
please interview Andrew cimi
How many freaking Ads in one video!!!!
18 wrong trades consecutively? Do you have a Discord so I can take the opposite of your trade? 😂
How hard do you have to try to suck that bad?
please please Riz can you please bring mentfx antony that would be one of the best chats we could have this year
Is he verified with a track record?
i doubt he is @@wordsofrizdom
Am here
🫡🫡🫡
Overbought is misleading. Strong trends will have a high RSI. Indicators have not adapted to the market. Especially if you are using the default settings. In the end, price matter most. Not the fed, options market, or indicators.
It’s not about what wrong or right its about what’s working. Many institutions see rsi and execute trades so we just following their way.
Awesome interview bro. Keep it up
Thank you! Plenty more great guests to come 🫡
49:15 soo accurate. Ive made that mistake countless times
Always important lessons within the mistakes!✍️
Wowww. Never knew STA existed. Thanks for inviting a actual successful traders with good years of experience
Thank you for tuning in! Yes they also have a YT page🫡
Does he trade ict concepts??
Bruh 💀
He does. 😂
Have you watched the episode?
Good to see people with humor.
Great learning lov from India
Love to hear it! We have so much more to come 🔥
The Chaos indeed!
Isnt it funny how almost EVERY one of these videos, these guys talk about their "edge" ...no one SHOWS it haha ... its Best to spend as Least time as possible here watching / listening and get on your charts and BackTest/ Study .... NO ONE is going to tell you HOW to trade or truley reveal their edge IF Profitable
No edge, only Risk management !!
Amped to hear this one riz! The man👌
How did you find it? 🙏🏼
@ Awesome bro, I like to watch ur interviews 3-4 times so I don’t miss anything but I thought it was quite valuable, definitely some golden nuggets in there! And reconfirms I’m on the right track. Cheers mate 🥂
23%? Close your eyes and click buy and sell and you can do better statistically…wtf is this guy talking about?