Host of The Words of Rizdom Podcast & @chartfanatics The #1 Trading Podcast In The World 👇
Joined October 2021
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Riz Iqbal retweeted
Think you need to be right most of the time to win in trading?
My own win rate is typically around 40–50%.
I sat down with @Wordsofrizdom on @chartfanatics to explain how I make that work, breaking down my Multiple-Edge Trading System (M.E.T.S.) and, importantly, the 3 key factors essential to applying it effectively 👇
youtube.com/watch?v=Js0pAyft…
What 4 Simple Step Strategy Leads To 1499% Profitable Returns In TWO Years?!🚨
For the First Time Record Holder & TWO Time World Trading Champion @jlawstock sits down to run through his exact market process.
In this episode you’ll learn:
•J Law’s Stock Selection
• The Key Components to His Strategy
• How He Manages Risk
• Identifying A+ Setups & So Much More
This episode was originally recorded in Cantonese, with J Law speaking in his native language. The episode is available in English, Arabic, Mandarin and Cantonese audio tracks.
Full Episode is Out Now👇
$20,000 profited to start the year so far trading part time while being on tour across America and then over to Dubai for the IFX event.
The skillset is one that is unmatched once learned and “mastered”.
It’s always a challenge when trading to be present and to do your analysis clearly.
Routines are huge and can be hard to implement based on your day to day life.
For me the public accountability of posting every trade setup within the Chart Fanatics Discord in real time- win, lose or breakeven has helped me massively.
Consistency isn’t a destination you one day arrive to, it’s a constant effort we must do day in and day out.
I still have poor quality trades that I need to reduce down and that will ultimately create an even better performance.
Over $140,000 made over the last year, swing trading and not trading every month of the year given my schedule.
I have been asked about doing an episode on Words of Rizdom breaking down how speaking to the world’s best traders has helped my own personal trading and how I manage the trading and the podcast schedule.
Is this something you’d like to see?
I do indeed, I’d rather come back with a fresh mind set and see if the setup is still valid on the next viable session I trade.
It started much higher! I realised over time and reflecting on my journal that it was reducing my profitability over time so my rule set needed adjusting accordingly
It varies dependant on the market/pair I’m trading, I always have a limit of how many attempted trades I take on a pair per day
Those losses could have compounded into a much larger one causing significant damage to your account. It’s important to protect yourself with these rules to avoid tilt!
I never take more than 3 attempts at the same trade idea in one day.
Even if the setup still looks valid.
By the third stop out I'm not reading the chart anymore. I'm reacting to it. That is where tilt starts.
So I count. 3 attempts, then that idea is done until tomorrow.
The setup might still be good. I'm just not the right person to take it that day.
Riz Iqbal retweeted
One of our traders was asked for one piece of advice for their younger self.
The answer: winning at the start is the worst thing that can happen.
It makes trading look easy. Then the first drawdown comes, and you start chasing back what you won.
Did you win early too?
Riz Iqbal retweeted
Carmine Rosato is a seven figure trader with 10 years on the S&P 500 and Nasdaq.
His starting advice for new futures traders: trade micro contracts at a tenth of the size, and only scale up once you've proven you can be consistent.
Prove it small first. Size comes later.