The Traders Roundtable - What It Takes To Be A Trader | WOR Podcast EP.82

In this episode of The Words of Rizdom Podcast we are joined by Umar Ashraf, Raja Banks, Waqar Asim & Elliot Serge.

Covering various topics from trading strategies, Trade Journaling and its importance. Thoughts on the Retail prop firm industry, thoughts on false expectations as traders and what it actually takes to be a profitable trader. We also talk about the top tips for traders to follow now to become profitable.

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I hope you all enjoy this episode, let me know who you'd like to see on the podcast. 🙏🏽

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Timestamps:

0:00 - Introduction
1:30 - What traders are doing wrong
8:11 - Thoughts on Trading SMC
14:16 - Why you shouldn’t begin trading
25:42 - Should you journal as a trader?
46:42 - Trade Models
58:38 - A broker’s perspective on traders
1:03:51 - Trading in Flow State
1:13:24 - Childhood Trauma
1:18:37 - Following your intuition?
1:33:29 - Waqar’s journey into trading through dentistry
1:39:59 - Thoughts on Prop Firms
1:49:25 - Reinvest profits or withdraw?
2:01:30 - Pressures of being a Male in the current society
2:11:48 - How to operate at a high level
2:22:31 - Why move to Dubai?
2:37:26 - Final words

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

On this traders roundtable we are joined by Umar Ashraf, Raja Banks, Waqar Asim and Elliot Serge. We go over various important topics around trading and finance. We debate topics such as journaling, backtesting, strategies and lifestyle. This first of its kind roundtable provides so much value to the audience as it really goes deep into the questions everyone has.

#forextrading #trading #daytrading #optionstrading #trader

[WaqarAsim.]

This day changed my life. 6 months ago we filmed this. The day I met Umar Ashraf, who’ve I’ve been following for 7-8 years online and inspired me… and because of this pod now a close friend who I hang out with all the time. Someone who pushes me to grow everyday

The day I met the infamous Raja Banks, an industry titan and OG… also now a great friend, who’s 100x funnier in real life. All round legend

And Elliott also, from my hometown in the U.K. who I’ve met up and talked charts with whenever he’s in Dubai

Riz, you’re an icon my brother. Congrats on 100k subs today. You deserve it all and this is just the warm up. Thank you for giving us this opportunity to discuss great topics and helping me meet now some of my closest friends, including yourself. You’ve really reshaped a whole industry

Since this was filmed so long ago, I’m excited myself to watch the show. Notepad and popcorn ready 🔥

[akwesiasante]

Lessons I picked today 》》
Umar: You should be mentally capable enough to be able to trade forex.
Raja: Trading is all about discipline.
Waqar: There is no holy grail in trading & if you cant explain a setup you dont understand it.
Elliot: In order to make money in trading understand the market and understand yourself.

Thanks Riz for this opportunity to learn from this legends💯🔥
#Riz #Umar #Raja #Waqar #Elliot

[ranzrk]

Pure gold! 5 top traders, all with different background, lifestorys, trading styles... but still united on almost every topic. Must watch for every trader, especially new one.
Been trading for almost 3 years now, slowly getting there. From my perspective everything they said is true and they mean it from the heart.

Can see negative comments and dont understand them. What scammers? Nobody said anything to buy their courses, they didnt promote themselfs.

For everyone taking trading seriously and not trashtalking:
This interview is pure gold and gems! Watch it multiple times and learn as much as you can. Served knowledge is from top trading animals and totally free, so be thankfull, shut up and make notes! Iam for sure.

Cant wait to see another one like that, so big thank you guys.

Be humble, thankfull, stick to the trading plan and stay consistent.

Work hard on your business and you will make a living, work hard on yourself and you will make a fortune!

[kishanprajapati]

The END went so well, the unexpected topics and a discussion with a high level of maturity in. 🙌🙌

[scelondlovu]

Waqar Asim Umar Ashraf was the best on this interview... There's a lot upcoming traders learnt from these guys

[catalinutzu]

This is golden guys !!! Thank you sooo..much... 🎉❤ 3 yrs on investments, 10 effective months on trading...not consistent yet ....i really needed this podcast !!!! Bless you

[nanya_albert]

I totally agree with "Working on increasing your win rates instead of increasing your risk"

I prefer consistent risk management

[aminkanani]

Umar Ashraf is really calm ... And thanks to rizdom to make all legends come in a podcast to learn so many things ❤ thank you sir #SFT

[fayokanmifashanu]

At first didn’t expect to watch the whole thing, but this was a 10/10 loved the respectful energy and the discussions

[fahadali]

And i think what riz has done by having all those great traders on the same table is just amazing. I've never seen anyone done this before calling traders from all around the world. And asking them about their trading. I just learned a lot from these podcasts. Riz podcasts are also the most important part of my learnings.

[harman]

Its so crazy how the smallest things that we don't even consider can affect our trades. Traumatic experiences from early life may lead to emotional instability, heightened stress responses, and difficulty in managing risk effectively. Traders who have experienced trauma may be more prone to impulsive decision-making, overtrading.

[AmirSayid]

2:15:24 this part really touched me! I can relate it in many different levels as an immigrant in this country. My dream is to build schools in Somalia and working on that journey through work and trading. Thanks Omer for sharing and I will forever be grateful of what you do!

[mehdidido]

Umar Ashraf is the only trader worth being in this table. He brings so much value and the way he expressess himself is a reflection of how humble he is. Big respect to him !

[proudbhartiya]

These guys are serious Traders. Who've crossed the benchmarks of profitable trading.

[mohammadtahir]

This is top class podcast, it's like having quite a few super heroes in one movie. Worth watching quite a few times. Thank you.

[fredrickjohnson]

The teachings on this channel are always top notch, so informative and easy to understand, it's very difficult to find good content online these days

[yoeldeleon]

one of the greatest meeting I have ever saw in this industry, fist to see traders that disagreed so hard in old times being os friendly and mature about being honest to themself Give an example of what this industry should when it comes to humans relationships in it, and the beautiful flow of experienced traders that have walk through the trading hell and come out with a torch of light on the hands...

[andrewchakanyuka]

I literally loved the part when Riz brought up the story about the trader who came on the podcast and said he doesn't journal (25:44), and you can see all the professional traders around the table laughing together. That part is such a key take away on how the professionals value journaling so as a trader if you are currently not in the habit of journaling and looking to constantly improve do you really think you will one day magically become a professional trader if you don't value what the professionals value? Thought I just give you some food for thought there.

[MichaelChizzY]

my biggest lesson is, trade what works for you, don't criticise other, take out time to learn and always journal your trade💯💯

[gamingareena]

The bestest podcast I ever visited will make sure I will apply all the knowledge I gained thank u all❤.