# Fair Value God: What ICT Traders Are Doing Wrong | WOR Podcast - EP.106

An episode of [Words of Rizdom - Trading Podcast](https://invisiblenetwork.ai/podcast/1780241706), 28 May 2024, 1 h 17 min.

Audio: https://traffic.megaphone.fm/APO2762375107.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. ____________________________________ In this episode of the Words of Rizdom Podcast we are joined by Fair Value God (Zach Smith). Zach is primarily a Futures Trader that saw an opportunity for greater success after taking the leap from Options. In this podcast we discuss developing your trading strategy and psychology, the importance of self-analysis and building good habits, and the importance of creating authentic content. TRADEZELLA: All-in-one trading journal and analytics tool that provides valuable insights, trade replay, in depth reporting, and more to gain clarity, eliminate costly mistakes, and trade smarter. Use the Best Trading Journal Use Code “RIZ10” for 10% Off or Code “WOR” for 20% off 👉 https://refer.tradezella.com/riz __________________________________________ The Best Prop Firm In The Industry Alpha Capital! Use Code "Riz" for 20% OFF ALL Challenges.https://app.alphacapitalgroup.uk/signup/RIZ __________________________________________ Fair Value God's Instagram: https://www.instagram.com/fairvaluegod/ Fair Value God's Twitter: https://twitter.com/FairValueGod Fair Value God's Youtube: https://youtube.com/@FairValueGod Riz’s Instagram: https://instagram.com/wordsofrizdom Riz’s Twitter: https://x.com/wordsofrizdom 🔴 Free Telegram Community! 👉🏽 https://t.me/pocketsofrizdom I hope you all enjoy this episode, let me know who you'd like to see on the podcast. 🙏🏽 SUBSCRIBE BELOW! Turn your notification bell on so you can be notified when videos like this get dropped. Drop a like on the video to help this channel grow. 💪🏽 Timestamps: 0:00 - Introduction 2:10 - Where did fair value god come from? 5:05 - Importance of networking in trading 6:04 - Switching to Futures11:55 - Getting comfortable with being uncomfortable 13:21 - Efficiency, high value & success 17:20 - Proof of concept 20:08 - Why switch to Futures Trading? 22:52 - Why did Zach choose ICT? 29:53 - How ICT’s concepts elevated Zach’s trading 32:34 - How to avoid overtrading 35:05 - Zach’s hobbies and past times 39:06 - Zach favoured Risk/Reward 41:04 - Chasing perfection 42:58 - Accumulating capital 50:14 - Scaling capital 56:52 - Zach’s goals with trading 59:40 - Growing your account or withdrawing? 1:01:15 - Zach biggest and best trade 1:05:30 - What ICT traders are doing wrong 1:07:30 - Zach’s one lesson for all traders 1:08:54 - Advice on Journaling 1:10:3 - Final words of advice from Zach 1:12:44 - Fair Value Gaps deep dive 1:14:32 - Plans for the future 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.

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