Fair Value God: What ICT Traders Are Doing Wrong | WOR Podcast - EP.106
Вставка
- Опубліковано 5 чер 2024
- In this episode of the Words of Rizdom Podcast we are joined by Fair Value God (Zach Smith). Zach is primarily a Futures Trader that saw an opportunity for greater success after taking the leap from Options. In this podcast we discuss developing your trading strategy and psychology, the importance of self-analysis and building good habits, and the importance of creating authentic content.
TRADEZELLA: All-in-one trading journal and analytics tool that provides valuable insights, trade replay, in depth reporting, and more to gain clarity, eliminate costly mistakes, and trade smarter.
⬇️Use Code “RIZ10” for 10% off your subscription ⬇️
www.tradezella.com/?via=riz
⬇️Use Code “WOR” for 20% off your yearly subscription ⬇️
www.tradezella.com/?via=riz
__________________________________________
The Best Prop Firm In The Industry Alpha Capital!
Use Code "Riz" for 20% OFF ALL Challenges.
app.alphacapitalgroup.uk/sign...
__________________________________________
__
Fair Value God's Instagram: / fairvaluegod
Fair Value God's Twitter: / fairvaluegod
Fair Value God's UA-cam: / @fairvaluegod
Riz’s Instagram: / wordsofrizdom
Riz’s Twitter: / wordsof_rizdom
🔴 Free Telegram Community! 👉🏽 t.me/pocketsofrizdom
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:
0:00 - Introduction
2:10 - Where did fair value god come from?
5:05 - Importance of networking in trading
6:04 - Switching to Futures
11:55 - Getting comfortable with being uncomfortable
13:21 - Efficiency, high value & success
17:20 - Proof of concept
20:08 - Why switch to Futures Trading?
22:52 - Why did Zach choose ICT?
29:53 - How ICT’s concepts elevated Zach’s trading
32:34 - How to avoid overtrading
35:05 - Zach’s hobbies and past times
39:06 - Zach favoured Risk/Reward
41:04 - Chasing perfection
42:58 - Accumulating capital
50:14 - Scaling capital
56:52 - Zach’s goals with trading
59:40 - Growing your account or withdrawing?
1:01:15 - Zach biggest and best trade
1:05:30 - What ICT traders are doing wrong
1:07:30 - Zach’s one lesson for all traders
1:08:54 - Advice on Journaling
1:10:3 - Final words of advice from Zach
1:12:44 - Fair Value Gaps deep dive
1:14:32 - Plans for the future
DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only
#trading #forextrading #innercircletrader #futurestrading - Розваги
Thank you for having me on. It was a pleasure!
Bro thank you
whatta fuckin guy, props to you brother
Next Time take a tight T shirt to show off your muscles. I have been seeing you showing pics of working out so let us see if you really walk the talk. Or you're full of ....
Damn so you are FairValueGod 😂, only followed you on Twitter
love u man❤
I got so much from this interview: 1. Learn a few concepts and just watch the prices play out live. See if it consistently plays out, then move over to demo and see if that proves consistent, then move over to live account if you are consistent and do the same thing. I realize I have been approaching my trading all wrong, all backwards wondering why I can't get consistently profitable . 2. If you look back at how you used to be and you don't cringe, you haven't gown much. Get 1% better each day. Just awesome stuff, I really like this guy's way of thinking. He resonates with me.
Zack has a humble manner , his personality is excellent. 👏
I personally resonate with FVG more than anyone else you've had on the pod simply because our journey is so similar . It was a pleasure to watch & I got lots from this - thanks Rizz & big up to everyone 🍀
29:18 The biggest take is that ICT concepts can be too deep if you try to implement every single aspect. Find the one that resonates and put the rest in the backseat till you need it
Being able to trust technicals when the fundamentals are blurry is what ICT brought to the table 23:21
hearing this man speak is such a delight
A very insightful video 😊 enjoyed every bit of it . Thanks Riz for bringing him on .
Enjoyed this video, and have been following Zach for a while on Twitter and YT. Although we did find out some info from his past, it might have been somewhat more advantageous had the different stages of his journey been more thoroughly dissected as to how old he began trading, how many years in did he find ICT, how many more years from there until he became profitable, during those years what were the biggest struggles, etc... On many of Riz's videos he goes into those details which is why I have listened to many of his podcasts, but I'm a bit bummed the picture wasn't as complete here. Felt this interview wasn't as structured as previous ones or that Riz didn't put too much effort beforehand. Either way, I did enjoy watching:)
Definitely If u don't have Discipline everything goes to waste ... Been working on it hope I became disciplined 😢
Great dude. That ‘walk to manhood’ ritual his family do is quite beautiful.
Legit
I found the most success foxusing on weekly expansion and taking displacement away from daily liquidity sweep mostly Tues Weds at certain times a day
SAMEEEE dude😤🔥🔥
Lovely episode, thanks Riz
Very good interview 👏
Funny thing I started my journey on demo, and soon after that live fund til I lost 80% in a CPI trade. After that, I went back to demo to make sure I was ready for it. Save capital to put in to the market. Not borrow because I understand that I will put a stress on my like anything else.
great podcast as always riz 🎉🎉
Superb podcast ❤
Great conversation 🔥
Its kinde of a moment of joy and excitement every time you upload a new podcast.
Im thinking for 2 weeks now moving to futures, 3h from now i will have more insights, 1-2h after i might make my decision.
Thanks for that huge value brother.
Never stoo.
Riz nailed it!
I have been thinking of moving to futures to be honest, i think futures prop firms forces u to be discipline and not fuck up what u gain and not gain too much so fast as well
Yeah let me tell you that trailing drawdown is a real bitch lol
But if you manage your positions and emotions well that shouldn't be a problem. I do agree that it makes it more challenging compared to FX firms.
Darwinexzero if you wan't to be paid based on realistic expectations, licensed broker and an actual plan to work with longterm profitable traders. People just don't understand the math of it and go with the pretty numbers prop firms promise.
Great podcast 🎉
Awesome job ❤
thinking of switching over to futures myself… great conversation as always👏🏿
You should
Masterpiece Thank You @FairValueGod
Forex requires patience and knowing that you will not be rich overnight. Rather, it requires mastery of work and patience.
And risk management because it is a market full of risks and also full of money, but the greed of some traders is what leads everyone to losing accounts, and patience also leads to excellent results.
Good luck, professionals❤❤❤
Funny I found him first on Twitter, then UA-cam. Great podcast
Riz, it would be really interesting for your community to bring Nick Shawn to your podcast, offcourse if you are openminded enough to hear what is on the other side of the coin!
I spend 3years backresting the financial market charts .
There are 2 charts on the markets.
Electronic trading hour chart
Regular trading hour chart for fundamentals.
When did u become first year profitable trader in year 3,4 or 5? Please ask this question to every guest, thank you
Waiting for the Diamant episode and I'd love to see Arjo on here as well bro
Love the work
How come your Spotify is not updated??? Love the content, I listen to it at work so I need it not Spotify 😢😂
Thanks for these podcasts
Thank you for live 🙏
Thank you Riz.
Valuable content thank you♥️
100% bet bro is going to encourage the factor and importance of LOWERING RISK
Great streaming. No doubt Fair value gap is especially popular among price action traders and occurs when there are inefficiencies or imbalances in the market, or when the buying and selling are not equal. Fair value gaps can become a magnet for the price before continuing in the same direction.
How much do you get paid to provide engagement on this channel? Thinking of going down this career path too.. Is it worth it?🤔 I assume you're using AI to write generic comments like the other people I've seen with the same vibe. That must save you a lot of time over having to think of what to write huh?
Masterpiece podcast
Hey man. I see Omar said all traders who bought challenges in the last 30 days would be compensated. What happens to other traders who bought challenges further back?
chargeback with your bank dont depend on them.
Did it work for you
Why don’t you post on Spotify
Much needed update to Spotify coming this week!
@@wordsofrizdom thank you brother! I listen to your podcast at work, and can’t play UA-cam.
Am here
I agree Rizdom, @FairValuegod does articulate himself well!!!!
Lovely 👏👏
Present Sir
Speak about Finotive Funding scam. They eliminate traders accounts saying copy trading.
Bro please upload the Podcasts in 4K
Big episode
LuxAlgo 💯💯
I still don’t get it. Every market has periods where it eats you alive… I’m of the mindset that if things aren’t salient, don’t engage.
Air the Trades By Matt Podcast already
Not a fan of podcasts but this channel ❤❤❤❤
@@wordsofrizdomm done
LETS GET IT
This video was fire as fuck i also think the camera man plays too much 😂
lets gooooo 🇰🇼🇰🇼🇰🇼🇰🇼
How can you be in Miami and not interview Doyle Exchange
#antiriz
You’re in the wrong place 😂🫡
This is Awesome Pod. Thank you @Words of Rizdom
yessss
the market is the market no matter what you trade ...I don't get when he said when he change to futures he became profitable 🤔😅 futures is regulate and forex(cfds) not ..that's the only differents ...and in one you use contracts and the other lots 🤷
He transitioned from trading options to trading futures. Options is a completely different animal.
@@Ezeanidifferent yes, but not completely different
It’s all about perspective.
@@Ezeani Animal action price Is the same in every market 🤡🤡
Most ict traders traped due to inducements the bigger factor!!
I’m not sure this is a futures vs forex thing. Both sides have bittersweet moments that will make you wanna jump out of your chair but don’t 😅😅
👆More Wisdom in Less Time. Lean ICT without sifting through the redundancy scattered within 600+ videos.
❤
Beautiful let's go oo
I hate how you click bait people with your titles man
Where’s the clickbait? 😂 he trades with 6 figures, he uses ICT concepts and trades futures?
Ati forex Iz a scam!? It will never be
😂😂amatelo Aja ndofuna fast cash
GG
lets gooo
Fire that studio. They forgot to clean the TV and it’s bothering me so much 😂😂
$5000 for course.
@wordsofRizdom your interviews are awesome man.Please man if it is possible, can you Please interview @Emmanuel&ThapeloGoat. Their story is inspiring and has touched a lot of young African traders.
😂😂😂
funny how everyone you interview is either selling something or a wanna be influencer .
Who else would you interview genius, all podcasts interviews are generally influencers what a dumb comment
This is not the fair value god, I am. I am the true fair value god. And Arjoio of course, the original fair value god.
his playbook sounds dumb af, 2 trades a day , 2RR , ngmi
i realy love these podcast but we only see the ict traders here and on other podcasts all i hear is ict , ict, ict , hahaha. maybe someone that trades completely different would be interesting. you talked with someone in another episode that you think there are people that make probably even money with the moon cycles and what ever. Doesnt have to be that but another way of thinking would be nice to hear other then ict. i heard enough of ict.
It's all you need dafaq you worried bout if mercury is in retrograde??? 😂
Appointment of ICT(MICHEAL)
TAP IF ANYONE WANT ❤❤❤❤
❤