Traveling Trader: Why Trading Is The Hardest Thing You’ll Ever Do | WOR Podcast EP.97
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- Опубликовано: 13 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
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 :)
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.
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
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.
So glad to be part of this community
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!
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!
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
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.
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! 💪💪
I’m happy to be part of the team Z. I have learned a lot from mastermind classes.
Thank you
I’m glad to be a part of this amazing community! This was a great comprehensive video covering different trading strategies and psychology
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❤
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.
The best financial content creator out there. I am glad that I joined his community!
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
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!
Sooo proud to be a part of this amazing community thank u tft we
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.
Riz's podcast is the ultimate go to trader's success library! ♥️
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!
It's very good these Podcasts where we have successful traders sharing their stories. Thank you Z. Top learning
Thanks to all the team involved bringing experienced traders, they mean a lot to us
in this journey
what a guy & what an episode!! A true knowledge from the gentleman himself.
Awesome podcast. A very practical, honest and humble person. Thanks Riz for bringing us all these amazing traders.
Been in a handful of trading communities and the support / education from Z's is unmatched!
I've been following Z for years at this point. His insights have really helped me be a better trader.
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.
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!
Thankyou for the podcast and the community!
So proud to see you do this Z 👍🏼🎉
Go join his community peeps. He changed my life.
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
What a great way to start the week! Been looking forward to this all weekend! 🌅 🐦 🐛
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
Z thank you for sharing your knowledge. I am so happy to be a part of this community
My favourite trading podcast. Bringing us all kinds of traders 🤩🚀
words of wisdom indeed Z, thanking you for sharing your journey!
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!
Love your content, Z! Thanks for all that you do.
Great video! I appreciate Z’s honesty and encouragement. 🔥
Hands down the best interview session, yet.
Appreciate you Z!! This is going to be amazing!! Let’s get it!!!! 💪💪💪💯
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.
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
Huge fan of TT, solid trading coach. Thanks for this great interview Riz.
Great interview, mate. Glad to be part of this community
I been following traveling trader since the amc movement.. down to earth dude he’s for the people
I've been looking forward to this for a while. Z and Riz are the 2 realest people in the trading space
🙏🏽🫂
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 🔥🔥
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
Great podcast! Very insightful. Thank you both!
Proud to be part of skilled funded trader ❤️
this guy is telling the truth 100%
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
The content you are presenting for us is very informative. We are learning and easily determine the route to become successful in trading
I love to see these interviews.
So much gold in them.
I remember my gut wrenching losses man. They were not well and fun.
Enjoyed the conversation and realism!
Word of Rizdom is doing amazing job with these podcast, started watching since Omars Podcast and been here since. (y)
I love all the videos you SFT drop!! They are 💥
Nice interview. Learned so much. Thank you.
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.
Great to be in this community
I love these podcasts, so many gems and motivating knowing that it's possible 🙌 ❤️ 💜
Waiting!
Waiting!!
Waiting !!!
This is just the beginning
LFG 🔥
The best is yet to come
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.😊
Looking forward to the podcast. Definetly informative.
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.
Thanks for all the amazing podcasts
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.
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.
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
Thank you for introducing us to this graphics maestro & traveler ! a true source of inspiration! #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.
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
A wonderful podcast! Thanks for the content. Good job brothers 👍
Amazing interview! Dropping Gems guys!
Highly informative, I am hooked to the podcast. I'd like to see myself in this interview.
Love all your quality content z.
I really love this channel 😊 what an amazing people sharing their journey…
Amazing insights! Thank you for sharing! 😊
Excellent show!
Great content! Thank you both❤
So excited for this one
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.
consistency + psychology is key to be a successful trader🔥🔥
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 ❤
got both books bar by bar and mindset of the trader. Thank you guys
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 ❤🙏🏽
thank you thank you thank you thank you. The three tips he gave right at the end were spot on enlightening
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
Great Podcast by the words of wisdom! Appreciate hearing from Z on his expertise in trading and travel lifestyle.
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