Podcasts · Words of Rizdom - Trading Podcast
5ive Beatz: From Prison to $150,000 in Payouts | WOR Podcast - EP.117
· 1 h 07 min · Episode 117
Episode 5ive Beatz: From Prison to $150,000 in Payouts | WOR Podcast - EP.117
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On this episode of the Words of Rizdom podcast we are joined by 5ive Beatz. A music producer turned funded trader who produced music for Nines, Potter Payper & Pop Smoke. 5ive was sentenced to prison after spending an early part of his life involved in crime. 5ive got into trading and has now achieved a massive $150,000 in payouts in less than nine months! An incredible journey and a lot to take away from this podcast!
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Guest's Socials: https://www.instagram.com/5ivebeatz
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Timestamps:
00:00:00 - Intro
00:03:34 - From Music to Trading: Finding Independence
00:06:59 - Reflecting on Past Choices
00:10:20 - Switching to Music
00:13:41 - From Hardship to Success in the Music Industry
00:16:53 - Working with Travis Scott
00:20:03 - Finding a New Path in Trading
00:23:28 - The Importance of Mental Strength in Trading
00:26:59 - Finding a Legit Mentor
00:30:21 - The Journey of Success and Learning Every Day
00:33:24 - Taking a Break and Slowing Down in Trading
00:36:38 - Learning from Financial Mistakes and Staying Disciplined
00:39:48 - Learning from Drawdowns and Humbling Experiences
00:42:54 - Overcoming Fear and Taking the Risk
00:46:09 - The Importance of Proper Risk Management
00:49:24 - Applying the Skill Set to Prop Trading
00:52:47 - The importance of trading discipline and simplicity
00:56:12 - Proper Risk Management and Data Analysis
00:59:48 - The Journey of a Trader
01:03:18 - Always a Student, Always Learning
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