254% Return In ONE YEAR - Trading Champion Reveals ALL!

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On this episode of the Words of Rizdom podcast we are joined by Andrew O’Connell. Andrew is a US investing championship top performer with a total P&L of 254% return in 2024 making him one of the top traders in the world. In this podcast we discuss Andrew's controversial take on scalping and it's inability to tackle algorithms in the market, we cover his exact technical setups that make for the best trades and the mindset needed to become a consistently profitable trader. I hope you guys enjoy this incredible episode!
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Timestamps:
00:00:00 Introduction To Andrew O'Connell
00:05:18 Building a Track Record
00:15:59 Overcoming Loss and Mental Barriers in Trading
00:23:31 Navigating the Boom and Bust Cycle in Trading
00:35:06 Strategies for Cutting Trading Mistakes
00:47:15 Importance of Fundamental Analysis
00:52:13 Bitcoin Market Dynamics & Microstrategy
01:09:51 Developing a Trading Strategy: Mixing Fundamentals and Technicals
01:21:12 Understanding Scalping and Market Trends
01:33:00 Building a Data-Backed Trading Edge

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Disclaimer:
The content on Words of Rizdom is for informational and educational purposes only. We are not personally affiliated with any of the guests featured in our episodes. Our role is solely to interview them and share their insights, experiences, and expertise. The views expressed by our guests are their own and do not necessarily reflect the opinions or endorsements of Words of Rizdom. Always carry out your own research and seek professional advice before making decisions based on the content shared.
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#trading #forex #forextrading #futures #swingtrading #daytrading #podcast #daytrading #proptrading #hedgefund #stockmarket #wallstreet #tradingsignals #stockmarket

[wordsofrizdom]

Do you think scalping can outperform the algorithm? 🤔

[luckyskivvy]

The problem with Algorithms are not the Algorithms. The problem will ALWAYS be:
1) Volatility
2) Your small account. That can't handle wide price ranges that institutions trade in.

The solution for most traders is swinging. Using smaller size. Adding risk a little bit at a time.

😅 Stop picking tops and bottoms. Wait for ONE side to win. Enter when momentum is clearly going up OR down.

😂 Your jobs is to make money as easily as possible. Not outsmarting or out trading Algorithms.

[ibrahimbah]

It's not about beating the algorithm. It's about trading in the direction of the algorithm

[Hardygill]

i personally stop swing trading and focusing more on scalping and i did found out that i am getting more wins when i am scalping instead off holding a position.

[stukyu]

Yes of course. People that make such statements with absolute confidence are actually just projecting their own limitations. I know scalping is profitable but I'm never going to state with confidence that everything else isn't. My own personal opinion is the greater risk comes from time spent in the market and therefore concentrate on keeping that exposure to a minimum by being efficient with entry and exit regardless of outcome. Horses for courses as they say.

[samyal]

I always been scalping I’m 600k funded making consistent payouts I don’t see a problem with scalping as long as you use higher timeframe and align it with the lower timeframe and use specific time of day when the real moves happen you should be good

[troydink]

At the end of day, this man has a CFA which gives him the credibility and has hit 2 straight triple digit years, he knows wtf he is talking about. He is legit.

[deependbass]

One of the biggest things I've learned from blowing my trading account a few times is patience. As a swing trader, you can wait a long time for a good setup. When the conditions are right, you can take large positions successfully. Sometimes, only 6 per year is all you need. Using a stop loss is part of risk management.

[billynotgates]

My biggest take away here has got to be;

1) You gotta put in the work to get better at trading. I.e noting down the mistakes and how to improve.

2) always cut your losses quick

3) Practice more on how to size in more when you're right.

4)Indulge in more reading as a trader. It helps a lot with psychology

[Gold_Play]

As a Scalper, i can say you can be Profitable 😏....you just need Good Risk Management, Patience & Emotion Control 👍🏻

[madmovements]

Who am I to tell someone that scalps and make consistent profit that they’re doing something wrong? Or any trade style at all.

What I’ve realized since I started my journey is that whenever someone finds something that’s profitable, they automatically start to think they’ve found the holy grail. No, that’s just working for YOU based on YOU and YOUR RULES.

It’s always the “look at me, my way is better than everything else”. Bro if you throw lines on your chart and make money consistently, congrats!

[shotime]

This one of my favorite interview of all time ❤‍🔥❤‍🔥❤‍🔥 #fax

[kiwisammy]

Swing or scalping doesn't matter. What matters is how you see the charts. I know ppl who swing but only go for 2 to 1 ratio and i know ppl who scalp for 2 to 1 ratio. Scalpers just see the mistakes quicker. I think some pll think scalping is constantly in the market over and over again but thats not true. 1 scalp a day or 1 scalp a week or 1 scalp a month can still make money. Its a game of price ppl not a game of how you trade

[cbnesbeit]

Guiding your guests to "empathize" with beginners in trading with their top tips and advices, even a precise technical points to consider... is the greatest thing about you and your channel, you are amazing thinker with big heart .. I am learning trading and wish you more successes . This Guest was for me the best I learned so many topset gems so far . Grateful

[ralphs]

Great interview! "If I just stop adding to losers, it will be impossible for me to blow up."

[VnumTrader]

I scalp futures and 5k per day is easy, i found fast execution at correct level and candle works well. ..and my win rate is at 70 - 80%. Doesn't work when i don't scalp because stops get hit and its volatile.

[Oppo-fis]

This guy is so precious to the community, so humble, so precise, so aware, so disciplined, so passionate. His country, father, wife could be really proud of.

Thank you for these inspiring interviews with right, calm, exploring questions.

This is humanity.
🙏

[BlackJackOfAllTrades]

Stop highlighting these wild claims in your video titles, I understand that it's meant to be clickbait to get more views, but you need to understand that there are beginner traders out there who don't know any better who are misled by these statements and will actually think they cannot make money while scalping. By allowing people to make such claims you are actually lengthening the learning curve of several beginner traders rather than helping them. The industry is already toxic as it is, you're making things worse by confusing traders who follow your podcast. It's your podcast at the end of the day you can do whatever you want, but honestly, do you really want to get views at the expense of confusing traders ? Don't put money over ethics .. You're muslim right ? Do the right thing bro

[ashishtiwari]

I scalp index options in the Indian stock market. It was very hard for me in the beginning. But now i have become more consistent after years of experience. Key is to cut your losses as early as possible when you sense that you took a wrong entry. Be very strict with your stop losses and you need to take smaller profits everyday. Just don’t be greedy and scalping can work for you.

[trwmomentum_builder]

amazing podcast with Andrew. He describes everything i am currently going through. Gives me more motivation not giving up and take every setbacks as part of the journey. Great stuff