Rahat: Stealing Parents Money, Trading Forex Is Easy, Controversy Around SMC | WOR Podcast EP.57
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- Опубликовано: 2 июн 2024
- This episode of the Words of Rizdom Podcast we are joined by Rahat!
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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.
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0:00 - 3:14 - Introduction
3:14 - 11:34 - Stealing parents money
11:34 - 16:48 -Finally becoming profitable
16:48 - 20:12 - Funded accounts & targets
20:12 - 22:27 - Going against the masses
22:27 - 24:14 - Journaling
24:14 - 28:52 - Rahat’s Trading style
28:52 - 31:14 - Importance of routines
31:14 - 37:21 - Controversy around SMC
37:21 - 41:03 - Strike rates & RR
41:03 - 43:46 - How psychology plays a major role
43:46 -45:19 - Materialistic items
45:19 - 50:14 - What changed Rahat’s trading
50:14 - 53:12 - Managing funded accounts
53:12 - 54:56 - Challenges vs funded
54:56 - 57:46 - Getting out of drawdown
57:46 - 59:39 - Multi account management
59:39 - 1:02:04 - Becoming a consistent trader
1:02:04 - 1:03:55 - Advice for traders when losing
1:03:55 - 1:11:16 - Quick Fire Questions
Rahat's Instagram: / rahat.h98
Rahat's Twitter: / 98_rahat
Riz’s Instagram: / wordsofrizdom
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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Twitter: @Wordsof_Rizdom - / wordsof_rizdom
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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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We need part 2 with NBB trader and Nasser Al Yarimi
Working on it! 🙏🏽
NBB, Al Yarimi and Younes. Round table discussion.
Yarimi’s course is shit ain’t worth a dollar
Yarimi don’t trade, he’s a marketer, no proof of track record
being on a podcast isn't easy, huge credit to both!! i rem this brother from college days. masha'allah the growth is unreal! wish you both more success!!
We wanna willsFX Sir
I will try but I think he doesn’t do podcasts
@@wordsofrizdom try !
He is not legit
@@lucifer5998ro stop the haterism. He's Goat'd! Get out of your feelings man 😂
@@bhp000 brother I'm not his hater once upon a Time i was Also His Supporter but after seeing a Comment on his Video in which the person who commented about wills fx fake winrate and Course and Stuff and expose him in a Great wayy after a Minute later willfx deleted his comment and sometime later i comment will why you delete his comment and after that will also deleted my comment he is a Course seller like anyone else i know he is funded but i don't think we should look to him as A Trader he deleted all the comment in which people are honest
Bro this channel is free wisdom from other traders . Appreciate what u guys do fr
Something unique in his way of thinking.. really awesome interview. Never thought that watching interviews would improve my mindset in such a strong way🥇
Respect for Riz .
Absolutely loved and adored how humble he was...even though hes reached amazing heights he doesn't let that lead him astray. Focused on levelling up always, i feel like i can relate to that as I usually feel the same when I reach new levels. Amazing pod
That’s definitely a key point to take away for sure! Thank you for tuning in, be sure to subscribe for future episodes 💙🙏🏽
It’s time folks
I’ve being following Rahat for long mehn 🔥🔥🇳🇬
Great podcast. Keep it up Riz, you’re a natural at this podcast game 💯.
Really great episode man.. loved the transparency and really some great take aways from this
That’s great to hear! Thank you for tuning in, plenty more to come 🙏🏽
His phycology seemed so bad it made me aware of his persistence and winning mindset. Also was just such a good reminder that I need to go through my own trading story and accept the craft that I have chosen. Definitely an amazing podcast, really helped to see this view.
I swear Riz you the only RUclipsr I watch now because the level of wisdom you've helped me get with your guests and addressing mistakes I could make in the future so i dont make them is remarkable especially as a newly funded trader. I gain a lot of experience thru shared wisdom thru these podcasts
That is incredible to hear! That’s what it’s all about and I’m so glad you’re able to get that from each episode! We have so so much more coming 💙🙏🏽
Such a honest brother May Allah grant him more success
In Sha Allah, couldn’t agree more 💙
I like this guy. Havent seen a more blunt and honest take from a trader. I think a lot of us can relate to him and his journey
That’s incredible to hear! Thank you for tuning in and for the feedback! Plenty more to come 💙🙏🏽
Yaay 40k subscribed totally well deserved .🎉 totally respect the brother honesty and interesting way he trades . Trading defo has dark days but with patience comes success. Really enjoyed the podcast thankyou brother
Thank you! Definitely you’re right and it’s amazing to hear unconventional methods and routines goes to show there’s no specific blueprint. Thank you for your continued support 💙🙏🏽
Bro you are really opening young men s'minds to how to multiply money the right way #keepGoing !
That’s incredible to hear! Thank you for tuning in! Be sure to subscribe for future episodes 💙🙏🏽
This guy is pure motivation!!! looking to implement his advice of 1-2 trades a day
Definitely! Hope it goes well for you 🙏🏽
The best channel of fx podcasts, respect the grind bro I’m always tuned into your latest vids akh💯💯
you ask all the right questions . keep it up bro
That’s amazing to hear! Thank you, be sure to subscribe we have so much more to come 💙🙏🏽
people don’t understand he could have easily kept what he did to himself, yet he was honest and admits his mistake and all the saints come marching in.
Classic right! I’m so happy he shared his journey, people shouldn’t be scared of speaking their truth 🙏🏽
That’s my lil Bro right there! 😎⚡️👊🏽✊🏽 Making moves and crushing it! 😁🦾
I still remember when he was wasting valuable time playing COD & FIFA all day 🫣🙈 - then one day, BOOM! He found something he LOVES, made a lot of mistakes… failed a lot, lost A LOT of money but… without those moments, he wouldn’t have learnt the lessons he now knows 😎✊🏽 - proud of you Rahat! 😉Keep hustling on those dreams & goals 📈
You need to ask your moms for 20000quid too. Just to even things out.
@@pornokid333 im sure hes probably given back to his mum much more
His surely given that back and MUCH MOREEEE WITH WHAT HIS EARNING! Go Rahat, we love you!
Incredible to hear! Thank you for tuning in and for the support!
Definitely great to see you sharing the growth too! 🙏🏽💙
The craziest thing is I had a very bad dream of needing to help my mom with about 40 grand and I couldn’t because I blew all of our bank accounts from trading and I woke up in a huge sigh of relief, and ever since that dream, my trading has definitely improved, NOT bsing…. because I started to take it even more serious to not see the dream become a reality if any emergency does come my way, it’s pretty psychological, anyways great interview as always! Also want to add, I agree with this guy and Raja , that’s what really changed over time, I do 1-2 trades a day now (compared to 3-4 in the past) and the change is crazy, more boring definitely
Great Podcast Riz the levels keep rising on this channel
Love to hear it brother! Thank you for your support always means a lot 💙🙏🏽
This is gold. Beautiful.
Ur a fraud.
WHAT THIS GUYS WOULD DO DIFFERENT, in every aspect, my friend Riz, this is the question that everybody wants to hear even if they don t say it, amazing podcast❤️❤️
Here since 10k subscribers❤️
That’s incredible to hear! A great question that will start to use moving forward. Thank you for your support! 💙🙏🏽
this video will hit soon great stuff bro
That’s great to hear! Thank you for tuning in 🙏🏽💙
Hey Riz. Thank you very much for all you do. love this episode thoroughly.
Please, will you also be able to interview Njat (Chucks and Burton). Love them so much too and they are very process oriented
That’s incredible to hear! Thank you for your support.
I will definitely have to reach out to them
Wonderful video, the audio difference between you and the guest is pretty significant. I have to turn my volume up for the guest but turn it down when you speak. Keep up the good work
Definitely! Will make sure next time it’s all correct 🙏🏽
Another fire podcast. 🔥
That’s amazing to hear, thank you for tuning in 💙🙏🏽
Great Podcast bro!!
Thank you brother! 💙🙏🏽
Lovely...relatable content....
That’s great to hear! Thank you for tuning in, be sure to subscribe for future episodes 🚨
Im in kenya a big fan, Yarimi's interview gat me hooked up w/ your channel, thanks for the info u provide , currently ive taken time until july to collect information to boost my trading skills , hope u will interview me 1day
That’s incredible to hear! Thank you for supporting the channel and I hope we can do that some day for sure 🙏🏽🔥
Dont give up!! One to Two pairs a day, one to two percent, one to two trades
Amazing content bro, I see your channel at like 2M in a bit
Thank you, appreciate it! Let’s see where we get to 💙🙏🏽
Every story needs to be told, for me it puts my own story in perspective to his. Agree or disagree, it's a true story that can bring value to your own trading and how you want to go about it. I think Riz did a good job bringing the guest on to tell his story.
You go next 😂
Lets go! Another one!
My brother! Appreciate you 💙🙏🏽
The trading podcast channel in RUclips
Love to hear that 🙏🏽
hey man your account is growing been followng since you started
Thank you for your continued support! 💙🙏🏽
56:03 this is the best advice to give, if you’re in drawdown dont think about profit, think about breakeven! 💯
Love that! Yes hopefully that will help so many traders 🔥🙏🏽
Man I’m loving this podcast even though im only 30% in at the moment.
That’s incredible to hear! Hope you enjoyed the rest 🙏🏽
Something I really noticed about Rahat is that he has a very big risk appetite.
Goes to show that just do what ever works for you, in the end it’s your money and your life!
Definitely and it’s good to see someone who understands that and it works for them
2 pods in 1 week lets go🤗🥳
Let’s get it! 2 pods and week for the month of June! 💙🙏🏽
@@wordsofrizdom i like it✌💯
Thnx buddy
Looks like my own past story
That’s great to hear! Thank you for tuning in, be sure to subscribe for future episodes 🙏🏽
Best podcast!
That’s amazing to hear! Thank you for tuning in 💙
Very interested to listen to this guy because I believe in my system though I don't know what's wrong with trading a funded account
Trading emotions and SL AND TP very dangerous!
this is the most valuable message to those who want to achieve their success. my purpose is to be on your podcast one day
That’s incredible to hear! Thank you for your support and yes anything is possible 🙏🏽
Manual Journaling for beginners and traders breaking out into the funding scene is important and way better than automated journaling.
Manual journaling is one of the most boring and time consuming thing for me but I push my mind to get it done every weekends. Builds disciplines. Builds delayed gratification and you can notice the mistake. Then the brain processes the mistake and comes up with its own solution.
Now, that then becomes a game changer in a traders progress especially going into the new week.
I do agree with what you’re saying.
However, I do also think that it’s better to have data regardless of if it’s manual or not. As those who do struggle to journal (yes it does come down to their discipline) will get the benefit of the data regardless
what do you journal man? like rough template?
Very interesting podcast bro Riz keep it up and keep inviting traders. I got alot of motivation from your channel.
BTW who is this guy whats its name?
That’s incredible to hear! His name is Rahat you can find his twitter and Instagram pages in the description
bro casually robbed his own mum. Crazy
I'll never understand certain people.
I think this guy built great routine of being on the "gamble" side but realizing... taking leverage of prop firms, will top him up with rewards long term... It's really different what other guys preach.. But yes its ALWAYS R:R with life in general.
I think his experience originally would be classed as gambling as it is for many people starting out. However, he definitely focused on the right things to succeed in trading
Could we see interview with Riz Iqbal himself. Answer same questions yourself. Would love to hear your full story if possible. Thanks!
No doubt I will have to arrange that at some point 🙏🏽
Nice video, nice switch from the leather jacket lol
Looks exactly like my past story and now I'm in phase of seeking consistency
That’s what it’s all about, thank you for tuning in 🙏🏽
Riz, please make interview with Mack Gray and with Photon.
Thank you.
I’ve reached out to Photon but not heard back yet. Mack used to be a student of mine we shall see what the future holds.
@@wordsofrizdom second the interview with Photon! Please make it happen, Man is a legend
Bro please post on spotifu too ..some of us we have no time with youtube video🙏🏽
Great podcast as usual! Idk how people lose so much money like this in trading. Is it gamblers mentality or they just don’t have enough street smarts about trading?
It’s probably both. Majority don’t have previous experience in business let alone trading. I also lost large amounts before getting consistent
Looking forward to that NBBTrader Pt. 2. 👀
Working on it! 👀
What was the video Rahat referenced? When he was talking about his Dec trading month
I think it was an interview with a prop firm
Great discussion, kinda nuts how he stole his mums money! What if his mum never found out, how would he be today?!
I think he would’ve been the same, as even before she found out he was guilt ridden and trying to make it back
nice interview but please tell all your guests to stay close to the mic, its a bit hard to hear sometimes to what Rahat was saying
Yes I will make sure! 🙏🏽
Would love to see trading with edz on this podcast👍
Deffo
Lets goo !
Amazing
I’m glad you enjoyed the episode 🙏🏽
Respect brother👏
Sounds like Nick Shawn, the guy on RUclips who buys at support and sells at resistance
Could be I’m not sure
Traders says that its 90 % psychology.. to be true its 99% psychology.. along with it persistence is the key to success..be it forex or anywhere else.. blowed thousands of dollars at last started being profitable.. i just trade ichimoco nothing else .. you don't need to complicate it simplicity is the way
That’s right! It really boils down to the individual trader in the end! 🙏🏽💙
Riz, do you still mentor and teach traders ? And is it smc ?
I do for the time being and yes it is SMC
i want you to have an episode with my mentor the aka himself ICT Michael Huddleston . that would be epic
That would be incredible we are working towards getting that down 🙏🏽
New traders should focus on 1 pair, there is enough opportunity, and should help with focus, stay away from US30, Nas100 and Gold at the beggining, gain experience first.
Us30 and nas are most likely not halal.
They definitely should focus on 1-2 pairs but many won’t be able to handle the volatility I imagine
23:48 consolidation
Not a fan of thieves, specially the ones robbing from the own family. Along with that trading with no routine in the middle of your sleep will backfire faster as you can think, not a good advice at all. Great podcast tough, showing all kind of trader types around.
What are the 2 pairs he's trading?
EU and GU 🫡
Willsfx 💪🏻
Part 2 with Nasser Al Yarimi please
What would you like me to ask?
How can one create an edge in Trading? Advice for Chart-sitting Avoidance but still having enough Price Action Experience?
I love this guys balls to the wall’s attitude 😂
It was really great to hear! 🔥🤣
You should interview paladin
I will make that happen! 🙏🏽
💯💯💯
Thank you for tuning in, be sure it subscribe! 🎙️
Pls fix sound next time. Guest is more quiet than the host
Definitely that’s a focus!
@@wordsofrizdom want to finish on a positive note, so apart from the sound everything is great - the guest, the flow of discussion and the topics u are talking about. Also, greetings from Russia cause I see u wearing out brand (стиль), that’s very surprising to see. Pls keep it up!
Sounds absolutely fine on my airpods but when I am listening in the car I would have to turn it up to almost full volume and that’s because I cannot hear the guest speaker but then the host Riz is almost double the loudness if that makes sense
No respect from someone who steals from their parents.
Yes it’s a bad thing but the one thing I learned from this is he had a really bad gambling issue blowing 20k in 2 weeks that you stole is a gambling problem
@@user-wn6ik9xz1y facts but it's the fact that he had thoughts to steal from his parents and did it, parents work hard asf lol that's disrespectful
@@Fbdevnn most gambling addicts steal from family it’s not a good thing but very common someone who is addicted to gambling will find any way to get the money to piss away
@@user-wn6ik9xz1y yeah it's a dumb thing to do, wouldn't sit right with me morally. Her Life savings at that
@@Fbdevnn Yh not defending that at all but just find it weird how he exposed himself to whole world when his own mum and sister had his back and protected him from the backlash he would have recieved from close family
🔥
Thank you for tuning in 🙏🏽
I’m glad he is now successful, however stealing from your family is a disgrace 🤷🏿♂️🤦🏾♂️
Everyone’s journey is unique. The fact he can be honest about it may help others not to do the same mistake
Lets get the ghost in the Machine himself ICT and clear this argument that people abused his name or hus concepts by teaching in wrong way . Because ict never teaches 1:100 or 1:50. Podcast will be amazing though
One day no doubt we will manage to get Mr ICT himself as it’ll be good clear up a good number of things
07:35 - 07:55
Thank you for tuning in 🙏🏽
Interview Samuel leach
In trading. Less is more.
Seems to be a common theme for sure
Where is Swaggy C podd ?
Coming don’t worry we will be moving into the NYC podcasts shortly
got into trading 2017, blew accounts, decent 2017 my broker calls me telling me I am on margin call depleted more cash, blew account, took a break on trading came back in 2019 friends gave me their money to trade almost blew it withdrew used my own money to top up and give them back ( out of transparency as I knew I was not trading properly ) 2020 did funding talent was going well took some withdrawals then they came up with their funny payout systems. got fed up left then they collard. then saw MFF did my first 100k passed 2021 was going well. 2022 Russia war lost my cool blew account got back lost again. then I saw your video with Abby where he spoke about the circuit board. that's when I realised I had an edge but my risk management and my mind set was bad. stopped funding challenges and I went deep into mind set research. then everything changed for me. this is the tip of my story and would love to come and share this one day on your platform.
Not reading all that
which video was this? the one with albert burgess?
@@TheTrollypolly lol this is my personal stuff boss . which am trying to tell rip that it would be good for me to come and share mine so people can get a perspective.
@@Gwdufsm “i saw your video with abby” which video is that
Careful brother.. a guys i know started trading 2years ago but lost around 2cr. INR(around 224000 Euro) ..saddy during late 2022 he committed suicide. He was around 26-27 at that time.
I want to get rich to a point where i can also risk 2% per trade on a challenge😂
Haha rather then rich it’s based off his strategy data knowing his strike rate etc
In finnish , Rahat means "moneys"😆
26:42 How did you lose🤣Genuine mistake that actually shows how real Riz actually is. He's so engaged that he's forgot how to ask his questions
Lmao I get lost in the zone sometimes 🤣
@@wordsofrizdom haha yeah shows how much passion you have for engaging with the interviewee. Insha’allah. I’d love to join you one day
I bet there are some pros with like 10-20ms in funding nobody knows about doing 7 figures a year in prop firm capital
Possible but I doubt it cause no doubt the prop firms would be trying to showcase them for marketing
@@wordsofrizdom I just found one! The guy who got FTMO leaderboards 3 months in a row and did like 3 6 fig payouts. He just made a channel! After I typed this I searched million dollar prop firm trader lol
When my bro WillsFX ?
I don’t think he does podcast bro
Wow
Thank you for tuning in 🙏🏽
11:07 he could’ve just saved the money he got from work lol
Don’t think the income was very much
stealing from your own mother... unforgivable sin that no matter how money he makes it will forever be black
That would make sense if he didn’t right the wrong but seeing as he did there’s no problem at all. People acting like at that age you don’t make mistakes is crazy to me
@@wordsofrizdom there’s making mistakes then there stealing from your own mother… but fair enough hopefully he has repented not just to his mother but to the Almighty 🔝
if his mother can forgive him who are you. some silly stuff in the coments. ma sha Allah what a great podcast
I love how different and opposite this guys trading is 😂. Trading is not one size fits all
That’s right, that’s why it was such a great conversation to have. I think a lot of people can learn from this one 🙏🏽
2 years ago i knew when i take the 3rd trade of the day, im just a pure monkey in front of a screen, Best thing is to limit max 2 trades per day
Bring pepijn in podcast
Never heard of them
This is the type of guy who will eventually lose all of his money trading long term. If trading makes you steal $20,000 from your mom, it’s not for you and this guy is clearly not a good person.
I don’t think so. It would make sense if he had made it from doing that but it was actually the case where he lost it all, went through a phase of losing even more to make it back with the feeling of guilt but had to fix up the mentality to get the right results which is what he explained