Market Wizards: How to Become a Successful Trader with Jack Schwager | WOR Podcast - EP.121

On this episode of the Words of Rizdom podcast we are joined by Jack D. Schwager in what is arguably the biggest episode ever released on this channel. He is a well-known trader, fund manager, and an industry expert in futures & hedge funds. He's the author of the best-selling book Market Wizards alongside many other books that have impacted millions of traders across the globe. He's been described as "Hands-down one of the most gifted investment authors on the planet". He's spent decades interviewing the most successful & profitable traders in the world and Jack was one of my biggest inspirations to starting the Words of Rizdom channel so it was an absolute honour to to able to sit down with him. Set aside a couple hours, grab your notebook and enjoy this incredible podcast packed with insane value.
__________________________________________
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/pocketsofrizdom
__________________________________________
TradeZella:

Use Code “RIZ10” for 10% off your subscription or Code “WOR” for 20% off your yearly subscription 👉 https://bit.ly/TradeZellaWOR

Alpha Capital:

Use Code "RIZ25" for 25% OFF ALL Challenges 👉 https://bit.ly/AlphaCapitalWOR

Alpha Futures:

Use Code "RIZ" for 20% OFF ALL Challenges 👉 https://bit.ly/AlphaFuturesWOR
__________________________________________
Guest's Socials:

https://x.com/jackschwager
__________________________________________
Riz’s Instagram:   / wordsofrizdom  

Riz’s Twitter:   / wordsof_rizdom  
__________________________________________
I hope you all enjoy this episode, let me know who you'd like to see on the podcast. 🙏🏽

SUBSCRIBE BELOW! Turn your notification bell on so you can be notified when videos like this get dropped. Drop a like on the video to help this channel grow. 💪🏽
__________________________________________
Timestamps:
00:00:00 - Introduction
00:04:50 - Discovering the World of Commodities
00:09:53 - Researching Market Statistics
00:19:34 - Finding Success in Trading
00:25:04 - Finding Unknown Traders
00:30:16 - The Role of Technical Analysis in Risk Management
00:35:19 - The Transition to Technical Analysis
00:40:12 - Adjusting the interview style
00:45:18 - The Importance of Having an Edge in Trading
00:50:05 - The Exceptional Trader
00:54:43 - Dynamic Risk in Trading
00:59:35 - Recognising Emotional Response in Trading
01:04:39 - Trading Psychology and Managing Emotions
01:09:29 - The Importance of Clarity and Objectivity in Trading
01:14:27 - Trading with Caution
01:19:25 - Managing Large Sums of Money
01:24:14 - Adaptability in Trading Styles
01:29:35 - The Rise and Fall of NFTs and Cryptocurrency
01:34:26 - The Insanity of Stock Trading
01:38:55 - The Importance of Finding an Approach That Works for You
01:43:58 - The Impact of Changes in the Market
01:48:52 - The Success and Impact of Market Wizards
01:51:05 - Final Advice and Outro
__________________________________________
DISCLAIMER:
The content on Words of Rizdom is for informational and educational purposes only and should not be considered financial, investment or trading advice. I am not a licensed financial advisor, and the strategies, opinions, and commentary shared are based on personal experience of the respective guests. We are not personally affiliated with any of the guests featured in our episodes. The views expressed by our guests are their own and do not necessarily reflect the opinions or endorsements of Words of Rizdom.

Trading and Investing involves risk, and you should always do your own research or consult with a qualified financial professional before making any investment decisions. You are solely responsible for your financial decisions. This channel and its creator are not liable for any loss or damage arising from the use of information presented in videos.
__________________________________________
#trading #forex #forextrading #futures #futurestrading #daytrading #podcast #swingtrading #scalping