Tori Trades: Making $100,000+ in ONLY Six Trades | WOR Podcast - EP.128

Sep 6, 2024

Tori Trades, a scalper-turned-swing trader and educator who documents her results, talks about pivoting to four-hour swing trades, hitting $100,000 in just six trades, and how mentorship and mental capital helped her recover from big losses. She explains simplifying strategies, using journals and data to spot patterns, and building patience and conviction when transitioning timeframes.

01:12:01

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ANECDOTE

Six Trades To $100K

Tori Trades counted that it took her six trades to reach $100,000 this year.
She was surprised and humbled to be one of the few who could fully prove their results publicly.

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ADVICE

Use Experienced Mentors

Lean on experienced mentors or traders when you feel lost or defeated.
Regular access to a seasoned trader can shortcut emotional recovery and keep you progressing.

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INSIGHT

Trading Becomes A Skill Game

Tori compares trading to repeatedly beating a video-game level to show how practice makes complexity easier.
After years of chart time the market ‘game’ becomes easier and more intuitive.

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Tori's Yearly Catch-up and Focus

02:06 • 59sec

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Post-summit Self-Doubt and a Big Loss

03:05 • 2min

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The Value of an Experienced Mentor

04:38 • 11sec

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Mental Capital's Role in Trading

04:49 • 5min

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How Mentorship Shortcut Recovery

10:08 • 5min

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Proving Performance Transparently

Reaction to Transparency Skeptics

17:30 • 6min

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Hitting $100K in Six Trades

23:53 • 1min

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Applying One Strategy Across Timeframes

24:59 • 3min

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Identifying High-Probability Setups

27:33 • 2min

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Tips for Transitioning Timeframes

29:27 • 3min

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Swing Trading: Different Market Perspective

32:43 • 2min

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Developing Patience as a Swing Trader

Using Data and Journals to Spot Patterns

48:15 • 3min

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Reduce Losses to Improve P&L

51:18 • 1min

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Minimizing Variables to Test Strategies

52:41 • 1min

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Trading For Life and Passion

53:58 • 4min

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The Power of Conviction in One Strategy

58:21 • 7min

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Balancing Confidence and Ego

01:05:47 • 2min

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Managing Big P&L Fluctuations

01:07:37 • 4min

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Next Steps and Closing Thoughts

• Mentioned in 49 episodes

As a Man Thinketh

James Allen

In 'As a Man Thinketh,' James Allen emphasizes the profound impact of thoughts on an individual's character, actions, and circumstances. The book is based on the principle that 'a man is literally what he thinks, his character being the complete sum of all his thoughts. ' Allen uses the metaphor of a garden to illustrate how thoughts, like seeds, grow into actions and shape one's life. He argues that by controlling and cultivating positive thoughts, individuals can change their circumstances, achieve success, and find happiness. The book stresses personal responsibility and the transformative power of thought in shaping one's destiny.

#369

• Mentioned in 78 episodes

Market Wizards

Jack D. Schwager

Market Wizards is a must-read for traders and financiers, offering a deep dive into the strategies and mental attitudes of the world's most successful traders. The book includes interviews with traders such as Bruce Kovner, Richard Dennis, Paul Tudor Jones, and others, revealing their approaches to trading and the factors that contribute to their success. It covers a wide range of markets, including treasuries, futures, commodities, and more, and highlights the importance of solid methodology and proper mental attitude in trading.

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.

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On this episode of the Words of Rizdom podcast we are joined by Tori Trades. Tori is scalper turned swing trader that has managed to achieve an incredible $100,000+ in less than 10 trades this year. She has become one of the most recognised female traders on Youtube and in the retail space and has garnered a huge following. In this podcast we discuss self doubt & struggles as a trader when comparing yourself to others, the benefits of swing trading over scalping and Tori shares a few secret tips on helping you to achieve profitability! You guys don't want to miss this one!

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Tori's Socials:

Instagram: https://www.instagram.com/tori.trades

Youtube: https://youtube.com/@ToriTrades

Twitter: https://x.com/toritrades

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

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

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Timestamps:

00:00 - Introduction: Tori discusses reaching $100,000 in six trades.

00:06:28 - The Benefits of Having an Experienced Mentor

00:12:25 - Treating Trading Like a Game

00:18:28 - Proving Profitability

00:24:28 - Transitioning to Swing Trading

00:30:45 - The Importance of Patience in Trading

00:36:27 - The Importance of Mental Capital

00:42:09 - Transitioning from Scalping to Swing Trading

00:48:21 - Using Data to Analyse Trade Performance

00:54:09 - The Journey of a Trader

01:00:06 - Trusting Your Trading Strategy

01:07:25 - Managing larger trades and emotional battles during trades.

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

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