Podcasts · Words of Rizdom - Trading Podcast
Trader Nick: How To Trade With ONLY $500 | WOR Podcast - EP.130
· 1 h 55 min
Episode Trader Nick: How To Trade With ONLY $500 | WOR Podcast - EP.130
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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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Guest's Socials:
Nick's Instagram: https://www.instagram.com/tradernickfx
Nick's Youtube: https://www.youtube.com/@UCPCPE5MoI7DS1WiVB_-mzNw
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Riz’s Instagram: https://instagram.com/wordsofrizdom
Riz’s Twitter: https://x.com/wordsofrizdom
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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:
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