Traveling Trader: Why Trading Is The Hardest Thing You’ll Ever Do | WOR Podcast EP.97
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- čas přidán 30. 06. 2024
- In this episode of The Words of Rizdom Podcast we are joined by The Traveling Trader. An experienced trader with over 10+ years in the markets. We discuss his background getting into trading from a young age, his day trading strategies, ICT, the challenges of traveling while trading, differences between pre-COVID and post-COVID era traders, and importance of psychology and self-accountability for success.
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Traveling Trader's Instagram: / thetravel1ngtrader
Traveling Trader's CZcams: / @thetravelingtrader
Traveling Trader's Twitter: / zthetrader
Riz’s Instagram: / wordsofrizdom
Riz’s Twitter: / wordsof_rizdom
🔴 Free Telegram Community! 👉🏽 t.me/pocketsofrizdom
I hope you all enjoy this episode, let me know who you'd like to see on the podcast. 🙏🏽
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Where to find me:
linktr.ee/wordsofrizdom
Twitter: @Wordsof_Rizdom - / wordsof_rizdom
Instagram: @wordsofrizdom - / wordsofrizdom
Email: riz@wordsofrizdom.com
Website: www.thevipergroup.com
Timestamps:
0:00 - Introduction
1:24 - Where did traveling trader come from?
2:39 - Upbringing & getting into trading
6:27 - Trading whilst traveling
7:50 - Options Trading - Swing or Scalp?
10:30 - Vertical spreads - What are they?
12:09 - How trading has changed
14:52 - Importance of passion for trading
19:03 - Obsessed with money
24:34 - Blowing accounts & being tested
34:37 - Human error is inevitable
37:51 - Utilising unique perceptions
40:31 - Journaling thoughts
42:54 - Spending trading profits
44:52 - Health & motorcycle accident
49:20 - Chosen style of trading
56:47 - ICT is just a marketer?
58:35 - Copying other trader’s styles
1:06:10 - Quick fire questions
DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only
#trading #forextrading #optionstrading - Zábava
thank you for having me brother! 🙏🏼
was an utter pleasure ❤
We have to love trading first 100%
Thank you for sharing your story and success. Forever grateful for all the information and education you give for free... it definitely helps and makes me want to get in the discord. I can't wait to join the community and not have to worry about the money aspect.
Bros middle eastern! Let’s goo!
my absolute favourite guest to have ever appeared on WOR
What great insight and honesty! Thank you for taking the time to do this interview, and thank you to Riz for continuing to bringing on the best minds in the industry !
Im kinda tired of vids with younger traders "i was homeless living in my moms basement". So i really enjoying those with older generation, that has really some serious value to teach you. Thanks! That was great interview.
All of those younger traders are fake.
@@StoicTrader- "...and now im millionare", ha ha..
ikr theyre up to something not trading, its a marketing strategy
🙏🏽
o, Edita, yra cia :)
4:00 Finance degree in 2001
6:00 Trading while traveling
7:50 Day vs swing trading options
17:50 Trading is NOT for the faint of heart
23:00 Valley of despair
25:30 Motorcycle accident; using settlement money to trade
31:00 We are NOT hardwired for trading 41:30
35:40 Trading is binary
45:00 *43 years young; CA native*
50:00 Golden handcuffs
58:30 *Backtesting is a must*
1:00:40 100k account for day trading; 1M account for options selling; another account for investing
1:07:00 Position sizing
I LOVE what he said about how trading is so easy to get into but very difficult to continue cause it resonates with me so much. My expectations were so high when I got on this journey, I thought I was going to be a millionaire in 3 weeks and 3 years after I’m still on it lol. Through the course of these years I have reached the “rock bottom“ and I have learnt my lessons. Since late last year, I have been performing excellently on my paper trading account after putting in so much work. Trading is indeed difficult and more difficult if you’re not passionate about it. Thanks Riz for another wonderful episode, we love you💪
You got this. Keep pushing forward and never stop learning 💪🏽
Find another job bro 3 yrs and still paper trading…
@@elfakia94 Did I mention at any point that I am jobless? And did I say I have been paper trading for 3 years? Read to understand bro
Lol. I'd say keep trying, but don't feel like you have to keep trying because you have invested time and money in the past. I'm still obsessed with trading. But one day, I may decide to give it up. Currently seem to be making great progress. Hope it's not luck.
@elfakia94 it'd better than trading with real money. You are almost guaranteed to lose right away, or win, and think you know what your doing until you lose it. You do have to practice with real money eventually though. I think it's best to start small, and slowly increase capital. Otherwise the emotions will likely make you trade Luke an idiot.
The golden handcuffs, I totally relate as a 23 year old working in Finance making about 6 figures a year but wanting to purse trading full time. Was awesome hearing Z’s full story, true wisdom.
The concept he talked about you giving someone else money to take their significant other out to dinner or something like that with your money really hit home in terms of making stupid trades that aren't even based on your strategy and are emotion driven very cool episode!
I DO REALLY ADMIRE HOW RIZ DOES HIS PODCAST, HE IS SO ATTENTIVE AND JUST LISTENING NOT REALLY ENTERUPTING, AND BY THAT, WE LEARN SO MUCH VALUABLE INFORMATION. 💯💯💯💯🏆🏆
Fantastic host and interviewer
Travelling Trader….This man is a not so hidden secret anymore. Solid principles and very transparent messaging. He is not looking to teach you how to get rich quick. He provides the tools to help you become the type of trader who wins consistently. Potentially giving you opportunity to take control of your life! Awesome!
So glad to be part of this community
The @TheTravelingTrader podcast was fantastic, providing excellent motivation 🙌👏 #Ris, the GOAT of trading podcasts!
Z is the man! Ive learned so much from him, the absolute best trading community around!
I love how this podcast exposes me to so many different traders in the industry I would have never come across on my own.
Learned so much and improved my trading since joined the Travelingtrader discourse
So proud to be part of his community. Appreciate you, Z! 💪💪
Great! Understanding the psychology of trading and practicing effective risk management are crucial aspects. Key takeaways often include staying disciplined, managing emotions, setting realistic goals, and using risk-reward ratios to protect your capital❤
I’m happy to be part of the team Z. I have learned a lot from mastermind classes.
Thank you
Watching Z in action in the live trading group sessions really helped me get over that hurdle from learning to understanding - definitely happy I found this group! Great Interview!
Ok, so I had to jump back on here. This video not only had provided me with hidden gems(it is now in my “watch daily” playlist). But it led me to ICT. This is like Christmas. Thank you both.
I’m glad to be a part of this amazing community! This was a great comprehensive video covering different trading strategies and psychology
The traveling trader, I love the honesty in this guy!
Love that every now and then theres new guests with different stories that relate to different types of people. The best in the game🔥🔥
the best!
So excited for this! Been following Z for several years now and I'm part of his discord. So knowledgeable, professional and always helpful. Z really is on another level. Thanks for sharing this! -IzProfits
Thanks to all the team involved bringing experienced traders, they mean a lot to us
in this journey
Can't wait to watch this video and extract all the wisdom and knowledge. God bless you guys... I have been learning and studying the markets for 3 years, still a little ways to go but I will not stop until I reach time freedom for my wife, kids, and myself, and also retire the man and woman who raised me and lead me to The Lord.... I am forever grateful for all the people who have poured into me and my family.
I've been following Z for years at this point. His insights have really helped me be a better trader.
The best financial content creator out there. I am glad that I joined his community!
what a guy & what an episode!! A true knowledge from the gentleman himself.
It's very good these Podcasts where we have successful traders sharing their stories. Thank you Z. Top learning
Awesome podcast. A very practical, honest and humble person. Thanks Riz for bringing us all these amazing traders.
Working very hard at building my trading plan. Doing back testing shows me how my set ups works and can be improved, I analyse all the data. The fun thing about this is that I'm getting confirmations from the Words of Rizdom podcasts. At first when I started watching the podcasts it was more inspirational than I started to understand the content and at the current stage I can actually implement it.
Love the podcast and really appreciate the podcast skills from Riz and already looking forward for the next one!
There was so much I didn’t know about trading before starting to watch Zs video and so much more I realized I didn’t know after joining his group. There’s so much value in information and even more value and how the group talks about applying it within certain parameters and risk managment. Trading is not easy and it takes a ton of work but thanks to information like this, I know what steps to take to continue growing. No get rich quick over here, building a lifelong skill.
Been in a handful of trading communities and the support / education from Z's is unmatched!
Love your story! Honesty makes a good teacher. Thank you for sharing your lows. Glad I picked a trader with a degree in finance, so relevant to trading.
Riz's podcast is the ultimate go to trader's success library! ♥️
Sooo proud to be a part of this amazing community thank u tft we
WORDS OF 'RIZDOM' TO THE WORLD. There is no better trading podcast/live trading webinar than here. The world, Africa, West Africa, Ghana loves you dearly for such a selfless job you and your team are doing RIZ. As long as I've subscribed to your channel, I strongly know #IWillWinMaybeNotImmediatelyButDefinitely
He is 43 and started trading in 2008 it means he was about 28 when he started and i am 31 i have started last year. Before hearing it i always thinks i got here too late. But now i gained confidence. Thanks Riz you are awesome.
Ditto!
So proud to see you do this Z 👍🏼🎉
Go join his community peeps. He changed my life.
Z my deep gratitude for everything you have done. Learned so much from you
Thank you for everything 🙏
Really love ur podcast riz, its awesome how every we get to see one the best traders and learn how they trade and how they control their emotions . Keep growing best of luck man
What a great way to start the week! Been looking forward to this all weekend! 🌅 🐦 🐛
I been following traveling trader since the amc movement.. down to earth dude he’s for the people
Z thank you for sharing your knowledge. I am so happy to be a part of this community
It's amazing how much hate ICT gets from some people, there's even videos trying to expose him, yet you have so many traders who are successful and they use ICT trading models. ICT is the only study material I watch.
Once again, great podcast!
words of wisdom indeed Z, thanking you for sharing your journey!
WORDS OF 'RIZDOM' TO THE WORLD. There is no better trading podcast/live trading webinar than here. The world, Africa, West Africa, Ghana loves you dearly for such a selfless job you and your team are doing RIZ. As long as I've subscribed to your channel, I strongly know #IWillWinMaybeNotImmediatelyButDefinitely 🔥🔥
Appreciate you Z!! This is going to be amazing!! Let’s get it!!!! 💪💪💪💯
I love to see these interviews.
So much gold in them.
I remember my gut wrenching losses man. They were not well and fun.
My favourite trading podcast. Bringing us all kinds of traders 🤩🚀
Huge fan of TT, solid trading coach. Thanks for this great interview Riz.
Excited to tune in! From everything I learned from SFT videos, words of rizdom, YarimiUniversity, Omar & Paladin. Being a successful trader is a journey that requires patience, discipline, & a bigger perspective goal & not a get rich quick scheme. Im here for the gems like always❤ #SFTJANUARY
Really love ur podcast riz, its so awsome that we get to see some of best trader out their and learning how they trade thanks man
Love this episode riz. Keep them coming ❤
Number one thing I learnt is to always back test a strategy and make sure it's at least a 50% WR.
Love your content, Z! Thanks for all that you do.
A masterclass on discipline and the trade and travel lifestyle sounds fascinating! Discipline is crucial for success in any endeavor, especially for those who lead a nomadic lifestyle while engaging in trade. Such a masterclass could cover topics like time management, financial discipline, risk management, and maintaining a healthy work-life balance while constantly on the move. It could also delve into practical tips for managing logistics, adapting to different cultures, and navigating the challenges of remote work environments.
Really nice summary man
I’ve been trading for about 10 years and I still am not profitable but I keep going. I’ll never give up. Why? Because I have a passion for it. I love it.
I've been looking forward to this for a while. Z and Riz are the 2 realest people in the trading space
🙏🏽🫂
When I first listened the trading the first thing come in my mind is really anyone can earn money from trading But after watching this channel I believed that yes one can earn money by doing trading
Thanks for giving the confidence and appreciate your great work
Thankyou for the podcast and the community!
Great video! I appreciate Z’s honesty and encouragement. 🔥
Thank you for introducing us to this graphics maestro & traveler ! a true source of inspiration! #SFT
Thank you Z! I've been following you since i started trading tho I rarely trade now but i always watch you. My 10 y/o son is getting interested with this stock market 😅 all because of you. Hes learning by just listening whenever i watch you.😊
The content you are presenting for us is very informative. We are learning and easily determine the route to become successful in trading
Waiting!
Waiting!!
Waiting !!!
This is just the beginning
LFG 🔥
The best is yet to come
Very interesting podcast guys. You are right that trading is a very difficult endeavor. But it is learnable and being guided by guys like you is definitely a must.
Great Understanding the psychology of trading and practicing effective risk management are crucial aspects. Key take away often include stay disciplined, managing emotions, setting realistic goals, and using risk reward ratio to protect your capital
Hands down the best interview session, yet.
The traveling trader is one of the best I've seen. Unfortunately I am going through that rough pay but hopefully I get to climb out of it.
The first one to arrive. Thank you very much Wordsofrizdom for such wonderful prodcast🔥🔥please keep educating us!!! looking foward to learn from you and trade with SFT
What can be taken from this podcast is the importance of adapting and continuous learning in the trading journey. Controlling emotions to perfecting strategy, discipline and developing an approach to the market takes time. This podcast reminds us that the path to trading mastery begins with dedication, perseverance, and a commitment to growth.
Great interview, mate. Glad to be part of this community
I love these podcasts, so many gems and motivating knowing that it's possible 🙌 ❤️ 💜
Best episode all time #wordofrizdom gives us a lot of learning contents.good lesson today i learn trading is not learn in 30 mint its 3 to 4 year game.every time market play with your emotion,greed,fomo.and not a copy paste every one have a different emotion and physiology.trading is business.
Word of Rizdom is doing amazing job with these podcast, started watching since Omars Podcast and been here since. (y)
Great interview! Z is the real deal and I‘ve learned a lot from his content over the years. When he mentioned the woman who said she learned in 2 days..:I had the same reaction when I saw her say that. This is work, it does take time, investment, and study - it’s worth it.
Thank you Elisha ❤🙏🏽
I am half in the video. I am really enjoying it , something new I have learned is , options trading. Coz I only have knowledge of forex Market.
Another lesson I got is, one trading is possibly hard .
And whoever says, trading is easy, is lying.
I take time to master something
You are doing amazing work Riz ❤
The statement "Anyone who tells you trading is easy is completely a liar" reflects the widely acknowledged view that trading in financial markets is a challenging and complex endeavor. This perspective is rooted in the fact that trading involves a multitude of variables, uncertainties, and risks that make consistent success difficult to achieve.
I really love this channel 😊 what an amazing people sharing their journey…
Proud to be part of skilled funded trader ❤️
Great podcast! Very insightful. Thank you both!
WOR have come a veryyy longgg wayyy. Wow. I have been watching some of your vids when you almost just started doing podcasts. Until you released your propfirm with paladin and omar. To then now i just did a prop challenge just this 1st week of january. Won some lost it. But like what is always tackled on your podcasts. Its a marathon not a sprint. Learned a loot from you guys. Thank you. And may you never get tired of giving free gems to us, your viewers. May God bless you more. ❤👊 Thank you
Traveling trader..love that quote.its so true you have to have a passion only then will you be interested in actually trading... controlling emotions are so important journaling is so important too relating to trading... It's so good to know that your emotions definitely affect your trades..m revenge trading is the worst.....great video as always....nice to see humble people coming upwards
Great to be in this community
The game changer in trading comes down to discipline, self discipline & solid trading plan will make you consistent with time , if you lack these elements, even though you're trading smc , ICT and etc... You can never be consistent!
Nice content by the way 👍🏽
I find every time I sit down to watch your podcasts riz
They happen for a reason to where I am in my journey as seems to give me so much value to what’s happening to me right now Crazy 😉👏🏻👏🏻👏🏻👏🏻
Trading profit and risk management are crucial aspects of successful trading. Implementing effective strategies for both can help traders achieve their financial goals while minimizing potential losses. That's it
got both books bar by bar and mindset of the trader. Thank you guys
Loving the trading itself is the fuel that helps boost the journey. Definitely not easy but the process is worth it for sure! The small achievements is very fulfilling.
Since trading itself is a journey, trading and travelling is something that will require extra discipline and of course passion to remain successful in . I'm really enjoying the podcast
Thank you SFT, for this informative episode. leant that have a profitable strategy is important
I love all the videos you SFT drop!! They are 💥
I loved this podcast. Very true what he is saying. All about putting in the time with focusing on the right principles to make money in this industry. Never give up!
thank you thank you thank you thank you. The three tips he gave right at the end were spot on enlightening
So excited for this one
Great Podcast by the words of wisdom! Appreciate hearing from Z on his expertise in trading and travel lifestyle.
I'm stoked for all the knowledge about to be dropped on this video
Looking forward to the podcast. Definetly informative.
Watched a full pod after a long time. Damn this guy! Amazing!
Love to hear it! Thank you for tuning in
Highly informative, I am hooked to the podcast. I'd like to see myself in this interview.
Love all your quality content z.