Podcasts · Words of Rizdom - Trading Podcast
#1 Prop Firm Scalper: The ICT Trader Who Made $2.5+ Million With A 40% Win Rate
· 1 h 53 min
Episode #1 Prop Firm Scalper: The ICT Trader Who Made $2.5+ Million With A 40% Win Rate
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On this episode of Words of Rizdom, we sit down with Candace Lau, a futures trader with over $2.5M in prop firm payouts, including a record $1.1M payout. We discuss her journey from losing $80,000 in one trade to becoming one of the biggest prop firm traders, as well as ICT, psychology, risk management, scaling accounts and the reality behind her success.
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🎙 Guests:
https://www.youtube.com/@Candy.TheTrader
https://twitter.com/CandyTheTrader
https://www.instagram.com/candythetrader3
🎙 Host: Words of Rizdom
https://youtube.com/@wordsofrizdom
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https://twitter.com/wordsofrizdom
https://www.instagram.com/realriziqbal
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Timestamps:
00:00 - Introduction - Candace Lau
01:55 - Losing $80,000 In A Single Trade
06:11 - Transitioning From Personal Capital To Prop Firms
13:06 - Discovering ICT & Learning Trading Psychology
18:28 - Backtesting ICT Concepts & Building A Trading Model
21:38 - Becoming Consistent & Scaling To A $1.1M Payout
30:49 - Planning & Executing The $1.1M Apex Payout
36:47 - Daily Trading Targets, Win Rate & Risk Management
42:53 - Daily Loss Limits vs Trade Limits
46:13 - Receiving A Record $1.1M Prop Firm Payout
52:27 - The True Cost Of $2.5M In Prop Firm Payouts
1:05:27 - Trading Personal Capital vs Prop Firms
1:13:35 - Long-Term Trading Goals & Investing Profits
1:32:40 - Scalping vs Swing Trading & Lower Timeframes
1:37:39 - Trading Journals, Data & Building Confidence
1:43:00 - Matching Trading Rules To Your Personality
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Disclaimer:
The content on Words of Rizdom is for informational and educational purposes only and should not be considered financial, investment or trading advice. I am not a licensed financial advisor, and the strategies, opinions, and commentary shared are based on personal experience of the respective guests. We are not personally affiliated with any of the guests featured in our episodes. The views expressed by our guests are their own and do not necessarily reflect the opinions or endorsements of Words of Rizdom.Trading and Investing involves risk, and you should always do your own research or consult with a qualified financial professional before making any investment decisions. You are solely responsible for your financial decisions. This channel and its creator are not liable for any loss or damage arising from the use of information presented in videos.
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