Riz Iqbal

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Riz Iqbal

Riz Iqbal

@Wordsofrizdom

Host of The Words of Rizdom Podcast & @chartfanatics The #1 Trading Podcast In The World 👇

Se unió Ekim 2021
823 Siguiendo90.5K Seguidores
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Riz Iqbal
Riz Iqbal@Wordsofrizdom·
Trader Yush made $2,000,000+ in payouts. He also just made $195,000 in a single month. He used to trade ICT, But something was missing. Once he fixed it, everything clicked… Here’s the ONE change that made him 7-figures:
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Riz Iqbal
Riz Iqbal@Wordsofrizdom·
@GaryEdgeXa That drift under pressure is what most don’t notice
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Gary Godfrey
Gary Godfrey@GaryEdgeXa·
@Wordsofrizdom That’s the key, but even with a defined plan, execution can still drift under pressure. Most people don’t realise how often they’re actually deviating from it until they see the pattern over time.
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Riz Iqbal
Riz Iqbal@Wordsofrizdom·
Psychology becomes a problem when decisions are not defined. Not because trading is emotional but because decisions are made under pressure. When entries, exits, and risk are clear before the trade there is nothing left to decide during it. That is where most mistakes come from. Hesitation on entries. Closing early. Holding losses longer than planned. Not lack of control just too many decisions in real time. Experienced traders solve this differently. They don’t fight emotions they remove the need to decide. Plan is set. Risk is defined. Execution is clear. So when the trade is live they are not reacting they are just following. That is how psychology stops being a problem. Not by controlling emotions but by building a process where emotions have no role. Are your decisions happening before the trade or during it?
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Riz Iqbal
Riz Iqbal@Wordsofrizdom·
@TradeClaris_ Decisions during the trade is where most damage happens
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Trade Claris
Trade Claris@TradeClaris_·
This is the exact reason most traders stay stuck in the pressure cooker. Psychology doesn’t break you because you’re emotional — it breaks you because you’re still making decisions when the trade is live, and your brain is already tilted. The shift that actually works: front-load EVERYTHING before the chart even opens — entry criteria, exact risk, exit plan, even the “if this then that” rules. Once the trade is on, you’re not deciding anymore. You’re just following the process you already built when you were calm. Emotions lose their seat at the table when the plan has already been voted on.
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Profit Alignment
Profit Alignment@profitalignment·
You should never let yourself take decisions during the trade. Also, especially for the less experienced trader, I see that fatigue can play a big role in decision making. Staring at the screen for too long, waiting for the setup to appear, just to make a completely wrong decision. Most would benefit from shorter sessions and more frequent breaks from the screen to take care of their mind and body.
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Riz Iqbal
Riz Iqbal@Wordsofrizdom·
Just for accuracy- it didn’t turn into a loser just a break even after partials taken. Probably would’ve been better to quote the original post rather than just images to share my commentary. Those losses are just compound entries attempted along the way down. The actual trades that were floating profits had already had partials taken as shown in the screenshots. Trailing perhaps could’ve taken place but given the range EU was in the last month I don’t see an invalidation for these trades other than at entry/top of the range given my target was much lower. I was risking 10% floating profits to try and gain an additional 40% in profits. It didn’t work out, I personally wouldn’t have done much differently. As I’m trying to catch a much larger trade. In this case the narrative shifted rapidly and I accepted the risk of stopping breakeven even before I took the trade. In my original post I shared in hindsight I could say I should’ve taken more off the table but I wanted to keep more volume to maximise the profit potential. With swing trading I’ve found that you have to stick to your bias and hold the volume on every trade vs cutting volume off as then you’re always chocking the winners of what you could make out of fear or worry of the market going against you. I did marry my bias but that’s because I was following my trade plan and I’m proud I followed it perfectly regardless of the overall result. As long as I don’t revenge trade and tilt now (which I don’t feel any emotion towards this “negative” outcome) then I’ve also continued to do everything correctly for my process. I’m still finding my sweet spot of managing trading around my day to day tasks of running the channels. My next transition is to trade a personal account vs prop firms as the swing accounts are being removed and even the “OG” prop firms are getting very silly with certain rules around “one sided betting” which as a swing trader makes no sense to me. Thank you for your attention on this matter. 🫡 Side note: out of interest where would you have personally managed stops for these trades? Happy to take a look to see if I missed something but on review I don’t see a clear place based on my target.
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Sam KB
Sam KB@sam_kb_·
I mean fair play to Riz for being transparent… But this is what being married to a bias looks like. A trade that’s running 10% + of your account balance should never turn into a loser. This is why you should trail stops.
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Riz Iqbal
Riz Iqbal@Wordsofrizdom·
@ASupreme13 Yes which was the reason for shorting the first place…..
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Aero
Aero@ASupreme13·
@Wordsofrizdom A literal war and a volatile president, you spastic.
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Riz Iqbal
Riz Iqbal@Wordsofrizdom·
I guess we don’t need to worry about the one sided betting 🤣 Was risking $25,000 floating profit for potential $100,000 profit so was within my plan. These are losses of trying compounded entries over the last month. Overall happy with my performance - no tilt, no revenge trading, partials taken at key points, stuck to my original trade idea completely and in hindsight the only change would be lowering stops more into profits and potentially taking more off the table BUT that’s in hindsight. We have now swept liquidity from the highs of the range into weekly and daily gaps so let’s see. All it would take for short to the range or even low of the range would be tensions to rise again and conflict to continue (at this time a likely chance). Let’s continue to follow plans and systems 🤝 Thank you to everyone who said I was cooked, you tried to warn me 🤣
Riz Iqbal tweet media
Riz Iqbal@Wordsofrizdom

Should these trades play out to target (could easily go the other way) How much shall we bet if the prop firm will claim this is one sided betting? Context: Every entry was less than 1% risk. Before a new entry the previous trade was always breakeven. This is a swing account. Original entry on March 3rd. Never at any one time was more than 1% of risk on that table- actually think max risk was 0.75% What do you think?

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Riz Iqbal
Riz Iqbal@Wordsofrizdom·
@Stoictradinguk Fundamental /geopolitical aspect what did I miss regarding that?
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Stoic Trading UK
Stoic Trading UK@Stoictradinguk·
@Wordsofrizdom Bro respectfully. If you took the fundamental/geopolitical analysis into your trading you would have avoided that lost and also trailed your SL I know it’s a swing trade but you still could trail your SL
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xander
xander@xander_ba_·
@Wordsofrizdom Every success comes from planning and having a system to keep the plan in place, in all walks of life. The highest form of yourself plans and creates a system, to guide and protect the every day version of you.
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Rc Trades
Rc Trades@FxRctrades·
@Wordsofrizdom The best traders don’t react… they follow predefined rules.
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n.@scalprrlabs·
That’s a powerful shift. Most people try to fix psychology in the moment, when pressure is already high. But clarity doesn’t come from reacting better, it comes from having less to react to. When decisions are made beforehand, execution becomes a follow-through, not a negotiation. That’s where consistency begins, not by controlling emotions, but by reducing the space where they can interfere.
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Riz Iqbal
Riz Iqbal@Wordsofrizdom·
I appreciate that! When I was trading full time I had the same philosophy! When I felt like screenshotting I would usually exit or manage my trade. Plus I wasn’t posting any of my trading online too as I noticed it fed the wrong mentality. Completely agree with you! Thank you, hopefully alot more to come 🔥
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MisterSpread
MisterSpread@MisterSpread·
@Wordsofrizdom As someone of your caliber, I didnt even think was about bragging, my bad if it was understood that way. Was just replying with more of a personal experience and for new traders who are watching us. Keep rocking and spreading the real side of trading, enjoy your show.
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Riz Iqbal
Riz Iqbal@Wordsofrizdom·
@MisterSpread Oh I definitely agree with that for sure. Though in this case I wasn’t bragging I’ve just been documenting every trade and management for the last year. Win, loss or breakeven. Just for transparency.
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MisterSpread
MisterSpread@MisterSpread·
@Wordsofrizdom There is a saying Riz among old school traders: Bag it before you brag about it ^^. My take (from personal experience) is: When your ego feels the need to post/share a screen with your profits, Is the time your brain to step in and closed the trades.
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Riz Iqbal
Riz Iqbal@Wordsofrizdom·
@abraham_keleta Because I with trade so futures isn’t really an option with how busy my schedule is day to day
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Abe
Abe@abraham_keleta·
@Wordsofrizdom dude why do you still trade fx?
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Riz Iqbal
Riz Iqbal@Wordsofrizdom·
@LuriTrades This is on FTMO swing account (which I think has been removed now so this is the last chance I imagine to use it) Thank you!
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Luri
Luri@LuriTrades·
@Wordsofrizdom FTMO or another account / pro firm / or personal? (Thks for sharing -> followed you since several years now 👍🏻 and witnessed your evolution 👌🏻)
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Riz Iqbal
Riz Iqbal@Wordsofrizdom·
@EdgeCapX Love to hear it! What steps did you take?
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Riz Iqbal
Riz Iqbal@Wordsofrizdom·
Pradeep Bonde, a mentor to multiple 7, 8, and 9-figure traders says most traders are playing the wrong game. “People think trading is about passion… it’s not.” You can love the markets, study every day, and still not make money. Because there’s a gap: What real traders do vs what you think they do. “Most pros aren’t hitting home runs… they’re hitting singles. Over and over again.” But nobody wants that game. They come in wanting big wins, fast money, life-changing trades. Instead, the real game is repetitive, disciplined, and honestly… a bit boring. So here’s the real question: Are you willing to trade the way money is actually made… or just the way it looks exciting? Full episode 👇
Riz Iqbal@Wordsofrizdom

The Stratgey that has made the MOST millionaire traders🚨 Pradeep Bonde breaks down Episodic Pivots, momentum bursts, and the one factor that separates traders who survive long term from those who blow up after early success. Full episode👇

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