On this episode of the Words of Rizdom podcast we are joined by Alistair Crooks. Ali is a UK based 7 figure asset manager with 22 years experience in the markets. He came from being £35,000 in debt, living in a one bedroom flat to managing millions in capital. In this podcast we deep dive into the prop firm industry, discuss the institutional side of trading and what it takes to become an asset manager and he reveals some of the biggest pitfalls and challenges faced by retail traders. You don't want to miss this one!__________________________________________SUBSCRIBE NOW! Like this video, comment below who you’d like to see next, and turn on notifications to never miss a new video, as we post new episodes weekly!__________________________________________Free Telegram Community! 👉🏽 https://t.me/pocketsofrizdomFree Trading Plan 👉🏽 https://words-of-rizdom.ck.page/0542be7af0 __________________________________________TradeZella:Use Code “RIZ10” for 10% off your subscription or Code “WOR” for 20% off your yearly subscription 👉 https://bit.ly/TradeZellaWORAlpha Capital:Use Code "RIZ" for 20% OFF ALL Challenges 👉 https://bit.ly/AlphaCapitalWOR Alpha Futures:Use Code "RIZ" for 20% OFF ALL Challenges 👉 https://bit.ly/AlphaFuturesWOR __________________________________________ Guest's Socials: Website - https://www.traderssupportclub.com/Instagram - https://www.instagram.com/alicrooksofficial/Instagram - https://www.instagram.com/traders_support_club/TikTok - https://www.tiktok.com/@alistaircrooksX - https://x.com/AliCrooks__________________________________________ Riz’s Instagram: https://instagram.com/wordsofrizdomRiz’s Twitter: https://twitter.com/wordsof_rizdom __________________________________________ Timestamps:00:00:00 - Introduction 00:07:43 - The Reality of Trading in the Past00:15:30 - Overwhelming Amount of Information in The Trading World00:23:21 - The Illusion of Quick Success in Trading00:31:05 - The Trap of Retirement Expectations00:38:44 - The Importance of Trading Strategy and Data Analysis00:46:11 - The Importance of Financial Planning00:53:53 - The Challenge of Trading with Desperation01:01:19 - The Dangers of Greed and Unrealistic Expectations in Trading01:08:58 - Transitioning to Swing Trading01:16:28 - Themes and Market Highlights01:23:49 - Risk Management Strategies in Trading01:31:17 - Balancing Risk and Trade Strategies01:38:46 - The Importance of Scaling and Risk Management in Trading01:46:13 - Experimenting with Trading Strategies01:53:29 - Attributes Of Successful Traders__________________________________________ DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only__________________________________________ #trading #forex #forextrading #futures #swingtrading #daytrading #podcast #daytrading

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related