Record-keeping, trade review and doing the work

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.

____________________________________

On this episode of the Words of Rizdom podcast we are joined by Jack D. Schwager in what is arguably the biggest episode ever released on this channel. He is a well-known trader, fund manager, and an industry expert in futures & hedge funds. He's the author of the best-selling book Market Wizards alongside many other books that have impacted millions of traders across the globe. He's been described as "Hands-down one of the most gifted investment authors on the planet". He's spent decades interviewing the most successful & profitable traders in the world and Jack was one of my biggest inspirations to starting the Words of Rizdom channel so it was an absolute honour to to able to sit down with him. Set aside a couple hours, grab your notebook and enjoy this incredible podcast packed with insane value.

__________________________________________

Free Telegram Community! 👉🏽 https://t.me/pocketsofrizdom

Free Trading Plan 👇https://words-of-rizdom.ck.page/0542be7af0

__________________________________________

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 Code “RIZ10” for 10% off your subscription ⬇️ https://www.tradezella.com/?via=riz⬇️Use Code “WOR” for 20% off your yearly subscription ⬇️ https://www.tradezella.com/?via=riz

__________________________________________

The #1 Prop Firm In The Entire Industry Alpha Capital. They have their own broker, their own technology, actual institutional experience and the best community in the prop firm industry. They also still support the best trading platform for all Traders with Platform 5! 👀

Use Code "RIZ" for 20% OFF ALL Challenges. 👉 https://app.alphacapitalgroup.uk/signup/RIZ

__________________________________________

Subscribe To Alpha Futures Youtube Channel:https://youtube.com/@Alpha_Futures

Sign Up For Alpha Futures Pre Launch To Be Entered Into A Massive Giveaway:https://join.alpha-futures.com/register

__________________________________________

Guest's Socials: https://x.com/jackschwager

__________________________________________

Riz’s Instagram: https://instagram.com/wordsofrizdom

Riz’s Twitter: https://x.com/wordsofrizdom

__________________________________________

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.

__________________________________________

Timestamps:

00:00:00 - Introduction

00:04:50 - Discovering the World of Commodities

00:09:53 - Researching Market Statistics

00:19:34 - Finding Success in Trading

00:25:04 - Finding Unknown Traders

00:30:16 - The Role of Technical Analysis in Risk Management

00:35:19 - The Transition to Technical Analysis

00:40:12 - Adjusting the interview style

00:45:18 - The Importance of Having an Edge in Trading

00:50:05 - The Exceptional Trader

00:54:43 - Dynamic Risk in Trading

00:59:35 - Recognising Emotional Response in Trading

01:04:39 - Trading Psychology and Managing Emotions

01:09:29 - The Importance of Clarity and Objectivity in Trading

01:14:27 - Trading with Caution

01:19:25 - Managing Large Sums of Money

01:24:14 - Adaptability in Trading Styles

01:29:35 - The Rise and Fall of NFTs and Cryptocurrency

01:34:26 - The Insanity of Stock Trading

01:38:55 - The Importance of Finding an Approach That Works for You

01:43:58 - The Impact of Changes in the Market

01:48:52 - The Success and Impact of Market Wizards

01:51:05 - Final Advice and Outro

__________________________________________

DISCLAIMER: I am not a financial advisor. The videos on my channel are for educational purposes only.