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Riz Iqbal
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Riz Iqbal
@Wordsofrizdom
Host of The Words of Rizdom Podcast & @chartfanatics The #1 Trading Podcast In The World 👇
Inscrit le Ekim 2021
823 Abonnements90.5K Abonnés
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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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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@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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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@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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@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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@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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@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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@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!
English
@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 retweeté
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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Singles would refer to the repeatable setup that may present itself more often but doesn’t lead to “HUGE” gains.
Everyone’s singles will be different no doubt but the premise of having a repeatable and more reoccurring setup that can add your singles up over time to prepare for that home run trade that may only appear a handful of times a year.
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@Wordsofrizdom Can somebody explain what is meant by "singles" are we talking quick 1R scalps? Or does pradeep mean 3 to 5 days momentum bursts when talkimg about singles? What setups does he use for singles? I appreciate the help. Thanks
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@JerrysTrades This is extremely true!
That’s why I’m proud of the traders on Chart Fanatics Live!
Following their process only and still manage to take incredible trades live on stream 🫡
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This is why most YouTube trader livestreams are garbage. The host dramatizes it to make it interesting and exciting, giving the audience the opposite impression of what successful trading actually looks like. Long periods of nothing. Observing. Ignoring noisy motion. Boring. Then methodical and process-driven execution with no shits given about immediate outcomes. Then back to waiting or logging off entirely. The kind of livestream nobody would watch. 😝
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That’s a great breakdown!
Boring can be hard to accept at first as we chase quick dopamine hits and special in this smart phone age where it’s designed to play on our dopamine.
So that forces many to chase that excitement when that calmness will bring better decision making and aim for a longer career.
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Really enjoyed this one Riz!
The hard part is that “boring” doesn’t feel neutral… it actually feels uncomfortable. Social media among other things wire you to want stimulation, movement, something happening.
So when trading gets quiet, clean, repetitive… it almost feels wrong.
What helped me a lot was changing what I pay attention to. instead of chasing excitement, I started noticing how it feels to be in a calm, controlled trade. Letting that be my reward.
Over time, that “boring” feeling starts to change. It’s not boring anymore… it’s stable. And stability is the real goal in trading.
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Riz Iqbal retweeté
Great delivery, @andreacimi
There’s so much value to extract from what you’re saying.
Also, it’s gonna take me at least a week to get through this entire video 😂
chartfanatics@chartfanatics
Most Traders Wait For Confirmation… he’s ALREADY In🚨 Andrea breaks down how he reads order flow, understands how candles are actually formed, and times entries before the move, not after it. Full episode 👇
English
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?
English
@JesseMichael111 Thank you Jesse! That means a lot.
Massive thank you to the viewers and guests who make it all possible!
Haha and the answer for many is “YES” 😭
English
@Wordsofrizdom Such a great episode.
Really enjoy your content, Riz.
Also, the funniest line: “what did you think… you’d hold over night and buy an island with a bikini clad woman?”
😂😂😂
English
@JoshuaTrades1 Haha that’s definitely one way of looking at it!
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@Wordsofrizdom starts with passion and then turns boring when you've cracked the code
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@kamj007 @PradeepBonde Love to hear that! The big wins take care of themselves in that process!
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@PradeepBonde is the OG! I've attended a few of his bootcamps - he was one of the first people who showed me what “real” trading actually looks like
The part that stuck with me is exactly this.
It’s not about big wins everyday. It’s about executing a repeatable process without needing it to feel exciting
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@Wordsofrizdom the gap is treating every trade like it needs to be exciting instead of boring and repeatable
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@MarketJournalX I get what you mean. There’s never a single answer which is what I think alot of people are always looking for.
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@Wordsofrizdom He’s not wrong but that passion still needs to present alongside doing what works! Without the passion most won’t last long enough to make it happen.
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