Trader Nick: How To Trade With ONLY $500 | WOR Podcast - EP.130

On this episode of the Words of Rizdom podcast we are joined by Trader Nick. Nick is a well known Youtuber and day trader that has verified profits of over $250,000 with live login receipts. Nick's opinions on the current climate in the trading space is that every trader that has a significant profile and sells mentorship should provide a proven track record. In this podcast we discuss the controversy around prop firms and their future, the importance of backtesting, how Nick flipped $50,000 during the pandemic and he also shares a few hidden tips & tricks to profitability! I hope you guys enjoy this incredible episode, it is packed with 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/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:Nick's Instagram: https://www.instagram.com/tradernickfxNick's Youtube: https://www.youtube.com/@UCPCPE5MoI7DS1WiVB_-mzNw __________________________________________ Riz’s Instagram: https://instagram.com/wordsofrizdomRiz’s Twitter: https://twitter.com/wordsof_rizdom __________________________________________ Timestamps:Chapters:00:00:00 - Introduction to the Daily State of the Industry Update00:05:52 - The Evolution of the Trading Space00:11:47 - Quality Businesses Stand the Test of Time00:17:26 - The Pain of Growing in the Industry00:22:57 - The Importance of Back Testing00:28:56 - The Importance of Position Sizing and Trading Psychology00:34:22 - The Importance of Studying Particular Assets00:40:00 - The Value of Showing Transparency00:45:53 - Fundamental Analysis and Data Tools for Trading00:51:56 - The Importance of Fundamentals in Trading00:57:21 - The Importance of Healthy Discussion and Balance in Trading01:03:03 - The Importance of Accountability in Trading01:08:35 - The Importance of Fundamentals and Technicals01:14:25 - Balancing Trading and Content Creation01:20:34 - Increased Trading Due to COVID-1901:26:27 - Sizing into Trades and Adding to Winners01:32:20 - Balancing Trading and Other Activities01:38:07 - Self-control, self-discipline, and self-awareness in trading01:43:57 - The Journey to Success01:49:20 - A Challenge to Prove Authenticity__________________________________________ DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only__________________________________________ #trading #forex #forextrading #futures #swingtrading #daytrading #podcast #ict #scalping