Traveling Trader: Why Trading Is The Hardest Thing You’ll Ever Do | WOR Podcast EP.97
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- Опубликовано: 26 июн 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 RUclips: / @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 
Развлечения
![Remble - Colors (ft. Mozzy & Stoneda5th) [Official Music Video]](http://i.ytimg.com/vi/KF-3AU9g9xg/mqdefault.jpg)
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!
So glad to be part of this community
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!
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.
The @TheTravelingTrader podcast was fantastic, providing excellent motivation 🙌👏 #Ris, the GOAT of trading podcasts!
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!
The traveling trader, I love the honesty in this guy!
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.
what a guy & what an episode!! A true knowledge from the gentleman himself.
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.
Thanks to all the team involved bringing experienced traders, they mean a lot to us
in this journey
Awesome podcast. A very practical, honest and humble person. Thanks Riz for bringing us all these amazing traders.
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!
It's very good these Podcasts where we have successful traders sharing their stories. Thank you Z. Top learning
Riz's podcast is the ultimate go to trader's success library! ♥️
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 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
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.
Hey everyone, mark your calendars! We've got something special coming your way - the premiere of 'Traveling Trader: How to Trade & Travel,' hosted by none other than Riz! I don't know about you, but I'm super excited to dive into the world of trading while exploring new destinations. It's like combining two of my passions into one epic adventure! So grab your snacks, kick back, and let's join Riz on this journey of trading and traveling. Who's in?
When is this and what channel?
I’m glad to be a part of this amazing community! This was a great comprehensive video covering different trading strategies and psychology
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.
Waiting!
Waiting!!
Waiting !!!
This is just the beginning
LFG 🔥
The best is yet to come
Been in a handful of trading communities and the support / education from Z's is unmatched!
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!
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.
Z my deep gratitude for everything you have done. Learned so much from you
Thank you for everything 🙏
The best financial content creator out there. I am glad that I joined his community!
I've been following Z for years at this point. His insights have really helped me be a better trader.
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 '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
So proud to see you do this Z 👍🏼🎉
Go join his community peeps. He changed my life.
words of wisdom indeed Z, thanking you for sharing your journey!
Sooo proud to be a part of this amazing community thank u tft we
What a great way to start the week! Been looking forward to this all weekend! 🌅 🐦 🐛
Appreciate you Z!! This is going to be amazing!! Let’s get it!!!! 💪💪💪💯
My favourite trading podcast. Bringing us all kinds of traders 🤩🚀
Huge fan of TT, solid trading coach. Thanks for this great interview Riz.
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
I love to see these interviews.
So much gold in them.
I remember my gut wrenching losses man. They were not well and fun.
Thankyou for the podcast and the community!
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
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 🔥🔥
Let’s see, can't wait to watch it.🙏
I been following traveling trader since the amc movement.. down to earth dude he’s for the people
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
Z thank you for sharing your knowledge. I am so happy to be a part of this community
I've been looking forward to this for a while. Z and Riz are the 2 realest people in the trading space
🙏🏽🫂
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
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.
Love your content, Z! Thanks for all that you do.
Hands down the best interview session, yet.
So excited for this one
I love these podcasts, so many gems and motivating knowing that it's possible 🙌 ❤️ 💜
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.😊
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.
this guy is telling the truth 100%
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.
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.
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 ❤
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
Looking forward to the podcast. Definetly informative.
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.
Word of Rizdom is doing amazing job with these podcast, started watching since Omars Podcast and been here since. (y)
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
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!
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
Great podcast! Very insightful. Thank you both!
The content you are presenting for us is very informative. We are learning and easily determine the route to become successful in trading
Proud to be part of skilled funded trader ❤️
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.
Enjoyed the conversation and realism!
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.
The traveling trader is one of the best educators and traders out there. Have learned so much from him and will be forever grateful.
Excited for this 😄🤩
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 👍🏽
Amazing interview! Dropping Gems guys!
I really love this channel 😊 what an amazing people sharing their journey…
consistency + psychology is key to be a successful trader🔥🔥
got both books bar by bar and mindset of the trader. Thank you guys
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
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
Let's go
The best is yet to come
Nice interview. Learned so much. Thank you.
Thank you Riz for bringing TTT....I didn't know him but now I know him!!!
I'm stoked for all the knowledge about to be dropped on this video
The traveling trader AKA Z, very inspiring, and some of the things I faced in my life in the trading journey as he faced. I love Z as a person very down-to-earth.
Great to be in this community
Thank you SFT, for this informative episode. leant that have a profitable strategy is important