# The TRUTH About MARKET CRASHES | What Most Traders Get Wrong - Peter Brandt

An episode of [Words of Rizdom - Trading Podcast](https://invisiblenetwork.ai/podcast/1780241706), 9 Apr 2025, 1 h 50 min.

Audio: https://traffic.megaphone.fm/APO7560250617.mp3

If you enjoy these conversations, please follow the podcast and leave a rating on Spotify. It helps us reach more traders and continue bringing you the best guests in the industry. ____________________________________ SUBSCRIBE NOW & Like this video to help us continue to bring the best verified traders in the world. turn on notifications to never miss a new video, we post new episodes EVERY Monday 3pm GMT/ 10am EST with verified traders. ____________________________________ Join the Market Journal community for weekly direct market insights for FREE 👉 https://www.market-journal.com Use Code "RIZ" for 20% OFF ALL Challenges 👉 https://link.alpha-futures.com/k9V5Az Use Code “RIZ10” for 10% Off or Code “WOR” for 20% off 👉 https://refer.tradezella.com/riz Use Code "RIZ" for 20% OFF ALL Challenges 👉 https://link.alphacapitalgroup.uk/eq7m8X Free Telegram Community! 👉🏽 https://t.me/pocketsofrizdom ____________________________________ Connect with our guests: https://x.com/peterlbrandt https://www.peterlbrandt.com https://brandtp.substack.com ____________________________________ On this episode of the Words of Rizdom podcast we are joined by Peter Brandt. Peter is a 50 year trading veteran that began his journey in the markets in 1974. At the height of his career he build his trading capital up to $10 Million dollars and has placed over 25,000 trades in his lifetime. In the podcast we discuss his controversial takes on the modern day retail prop firms, why day traders are less successful than swing or position traders and he also shares the secret behind his strategy that allowed him to become an 8 figure trader. ____________________________________ Connect with Words of Rizdom: https://instagram.com/wordsofrizdom https://x.com/wordsofrizdom https://www.instagram.com/realriziqbal ___________________________________ Timestamps: 00:00:00 Introduction to Peter Brandt - Market Wizard 00:17:41 Overcoming Inner Demons in Trading 00:26:19 Building a Career as a Trader 00:39:53 Building a Strong Trading Foundation 00:46:47 The Importance of Meticulous Trading 01:00:57 Navigating Bitcoin Trading and the Bear Trap 01:07:43 Managing Trading Anxiety and Account Balance 01:30:30 Understanding Chart Patterns and Trading Styles 01:39:51 Trading Process Over Perfection 01:49:38 Encouragement for Aspiring Traders ____________________________________ 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.

Shows are listed from Apple Podcasts' charts and directory, and Podcast Index where it is used. Every show and episode belongs to its publisher and plays from the publisher's own feed; this site hosts none of them.