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!
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Disclaimer:

The content on Words of Rizdom is for informational and educational purposes only. We are not personally affiliated with any of the guests featured in our episodes. Our role is solely to interview them and share their insights, experiences, and expertise. The views expressed by our guests are their own and do not necessarily reflect the opinions or endorsements of Words of Rizdom. Always carry out your own research and seek professional advice before making decisions based on the content shared.
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Guest's Socials:

Nick's Instagram: [ Ссылка ]

Nick's Youtube: [ Ссылка ]

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Riz’s Instagram: [ Ссылка ]

Riz’s Twitter: [ Ссылка ]
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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
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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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#trading #forex #forextrading #futures #swingtrading #daytrading #podcast #ict #scalping

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