He Will NOT Sugar Coat What it Actually Takes to be a Trader!

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/pocketsofrizdom __________________________________________ TradeZella: Use Code “RIZ10” for 10% off your subscription or Code “WOR” for 20% off your yearly subscription 👉 https://refer.tradezella.com/riz Alpha Capital: Use Code "RIZ25" for 25% 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: Instagram: tradernickfx Nick's Youtube: @tradernick __________________________________________ Riz’s Instagram: Instagram: wordsofrizdom Riz’s Twitter: https://x.com/wordsofrizdom __________________________________________ Timestamps: Chapters: 00:00:00 - Introduction to the Daily State of the Industry Update 00:05:52 - The Evolution of the Trading Space 00:11:47 - Quality Businesses Stand the Test of Time 00:17:26 - The Pain of Growing in the Industry 00:22:57 - The Importance of Back Testing 00:28:56 - The Importance of Position Sizing and Trading Psychology 00:34:22 - The Importance of Studying Particular Assets 00:40:00 - The Value of Showing Transparency 00:45:53 - Fundamental Analysis and Data Tools for Trading 00:51:56 - The Importance of Fundamentals in Trading 00:57:21 - The Importance of Healthy Discussion and Balance in Trading 01:03:03 - The Importance of Accountability in Trading 01:08:35 - The Importance of Fundamentals and Technicals 01:14:25 - Balancing Trading and Content Creation 01:20:34 - Increased Trading Due to COVID-19 01:26:27 - Sizing into Trades and Adding to Winners 01:32:20 - Balancing Trading and Other Activities 01:38:07 - Self-control, self-discipline, and self-awareness in trading 01:43:57 - The Journey to Success 01:49:20 - A Challenge to Prove Authenticity __________________________________________ DISCLAIMER: The content on Words of Rizdom is for informational and educational purposes only and should not be considered financial, investment or trading advice. I am not a licensed financial advisor, and the strategies, opinions, and commentary shared are based on personal experience of the respective guests. We are not personally affiliated with any of the guests featured in our episodes. The views expressed by our guests are their own and do not necessarily reflect the opinions or endorsements of Words of Rizdom. Trading and Investing involves risk, and you should always do your own research or consult with a qualified financial professional before making any investment decisions. You are solely responsible for your financial decisions. This channel and its creator are not liable for any loss or damage arising from the use of information presented in videos. __________________________________________ #trading #forex #forextrading #futures #swingtrading #daytrading #podcast #ict #scalping