SUBSCRIBE NOW & Like this video to help us continue to bring the best verified traders in the world. turn on notifications to never miss a new video, we post new episodes EVERY Monday 3pm GMT/ 10am EST with verified traders.
____________________________________
Join the Market Journal community for weekly direct market insights for FREE 👉 https://www.market-journal.com
Use Code “RIZ” for 20% OFF ALL Challenges 👉 https://link.alpha-futures.com/k9V5Az
Use Code “RIZ10” for 10% Off or Code “WOR” for 20% off 👉 https://bit.ly/TradeZellaWOR
Use Code “RIZ” for 20% OFF ALL Challenges 👉 https://link.alphacapitalgroup.uk/eq7m8X
Free Telegram Community! 👉🏽 https://t.me/pocketsofrizdom
____________________________________
Connect with our guests:
https://x.com/peterlbrandt
https://brandtp.substack.com
____________________________________
On this episode of the Words of Rizdom podcast we are joined by Peter Brandt. Peter is a 50 year trading veteran that began his journey in the markets in 1974. At the height of his career he build his trading capital up to $10 Million dollars and has placed over 25,000 trades in his lifetime. In the podcast we discuss his controversial takes on the modern day retail prop firms, why day traders are less successful than swing or position traders and he also shares the secret behind his strategy that allowed him to become an 8 figure trader.
____________________________________
Connect with Words of Rizdom:
https://instagram.com/wordsofrizdom
Tweets by Wordsof_Rizdom
https://www.instagram.com/realriziqbal
___________________________________
Timestamps:
00:00:00 Introduction to Peter Brandt – Market Wizard
00:17:41 Overcoming Inner Demons in Trading
00:26:19 Building a Career as a Trader
00:39:53 Building a Strong Trading Foundation
00:46:47 The Importance of Meticulous Trading
01:00:57 Navigating Bitcoin Trading and the Bear Trap
01:07:43 Managing Trading Anxiety and Account Balance
01:30:30 Understanding Chart Patterns and Trading Styles
01:39:51 Trading Process Over Perfection
01:49:38 Encouragement for Aspiring Traders
____________________________________
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.
____________________________________
#trading #forex #forextrading #futures #swingtrading #daytrading #podcast #daytrading #proptrading #hedgefund #stockmarket #wallstreet #tradingsignals #stockmarket #marketwizards
47 Comments
Subscribe to the channel and like this video to help us continue to reach verified trades like Peter, its the best FREE way to help us reach the highest level of traders for you.
Props have given the opportunity to alot more people to get into trading…yes they have restrictions but it only teaches to be disciplined more than anything else..youvare more likely to blow an account with 1k than you are a 100k prop account
prop firms are an mazing way to build capital.
Propfirms (legit ones) are lifechanging for normal people who werent goldenspoon fed and are just regular working joes. 540€ to get 100k ftmo account. Build the buffer to lets say 120k. Then use 500-1000€ per trade. Boom that will change your life. Now invest part of those profits or build your own account. Keep trading the account and do more challenges. Stick to big names like FTMO. I dont see whats the problem exactly!?
One other thing that people dont see: taxing propfirm is easier than taxing your own cfd account. Trading with propfirm isnt investing or trading. You are just contractor who gets a bonus.
It's like giving a mortgage to someone with a sub 640 credit score. It only ends one way.
why did the title change?
Putting on a winning trade or even a series of winning trades requires absolutely no skill. On the other hand, creating consistent results and being able to keep what we’ve created does require skill. Making money consistently is a by-product of acquiring and mastering mental skill
If you know how to actually trade why would you even bother whether they are doing the actual thing as long as they are paying up … helping you to fund your personal capital…
If you don't know how to trade or you don't know your trading data … don't go to props
Looking forward to getting stuck into this later on! You really levelling up 2025 man 📈🔥
PB to the J,
Peter has never provided a PNL over the past 40 years, despite him saying he is profitable. Weird.
major in library science 🤣
This one hurts but was necessary to watch
i think he does have a point regarding propfirm,what about propfirm telling you that they have a 30% consistent rules ,so they put you in a box when you cant let your runners run because they don't want to pay you much,there was time i could have a 1 to 5 but i had to cut the trade short because apex will decline your payout for this.i had a payout decline last week because of this . for context i had never trade more than 250 per trade .
You've got to bring in ICT
great interview 🙌 thanks a lot
I don't and never would use prop firms. I have my own capital. Some do and some dont. I like being free to do whatever. But if some people the only way to profit is through props then I'm all for them. Let them do it their way.
I just rather trade with my own money.
Stopped watching once he praised Musk, dude's got alzheimer's or what, pathetic
Get scott andrew’s on here 💯💯
Thanks Riz u are a blessing to us
We are blessed to have the number 1 podcast in the propfirm space, you cant listen to every podcast of Rizdom apply everything and still not be profitable.
1. Cut losses short
2. Let winners run
3. Executing high profitable setups
Its simple but life changing
Peter brannnnnndttttgt – a giant
The difference between SIM and Sim for payout is the difference between real trading and trading with no risk. The lessons are not learned in Sim no pay.
This man just gave everyone an idea of the “future prop firm setup, that’s going to be regulated and survive the storm of what’s coming those who’s listened, listened … this was a warning
Another joke trader Brandt can't make any money trading just writes books
Not gonna lie this podcast was just beautiful man this guy was just elite, levels above the rest I like how he didn’t even want to talk about his money… this man I would have love to be my mentor
He doesn't want to see ppl make money that don't look like him, lets be honest.
The problem I have noticed with prop firms – from my experience. You almost feel "obligated" to trade and make money. Where when you grow your own account. You pay more attention to risk. Trading is a long term game. It takes a person 4 years in university to get a degree with no experience. But people want to make millions in a year from prop firms? You want to get rich quick, but very few ever do it. Trading is so psychological! And I love it and here for all of it!
Great trader
Feelings are getting hurt in the comments, lol.
19:38 25:49 boomer logic. but he never lied good talk
GREAT Interview Brother! I have been struggling with this timeframe issue myself over the past 2 years. We're FORCED to Day Trade. I have passed Apex challenges multiple times, never received a payout , and what I am understanding is that I feel CONFIDENT trading the overnight Session. It's slower and I am not distracted by the Day Time noise of everyone else. I have committed to passing a challenge, receiving my payout and moving my money to a Brorkerage Account. My personality is geared towards holding positions as long as they are profitable; Surprisingly after listening to Mr. Brandt I approach my evaluation account as he does in his actual trading, I place my trades in the overnight session. I find that at least I have a 4 hour window to allow my ideas to develop OR find out if I am wrong and closing the position. I have been posting for some time now that all of these new Evaluation firms have GAMEIFIED trading and it has drawn in those who are attracted to gaming. I personally view it as an opportunity to develop a skill that is rewarding if you can be consistently profitable, whatever that is for you. I am attracted to the intermarket connectedness of the financial markets. Anyway, GREAT interview!
People really think they’re managing 10-20 NQ contracts for paying a couple hundred dollar to a prop firm 😂 where any real broker would require net liq of $250-500k
Esta gira mejora y mejora
A lot of THE MALARKEY THAT comes out of this guy’s mouth is just pure bias. All individuals who are non-Pop firm traders love to talk smack and say it’s not real trading. Bro, if I go on my top step express account and I take a fucking trade and I make $800 I don’t give a fuck if the requirement is that it needs to be above $200 it should be above $200 regardless. Why the hell would I trade only to get less than $200 on an intraday trade?
This guy talks taxes like he’s the damn IRS.
WORDS OF RIZZDOM IS THE MOST TOXIC CHANNEL IN THE TRADING COMMUNITY. ITS TOXIC BC OF THE AMOUNT OF CONFUSIONS IT IMPOSES.
You got guest traders that say don’t use retail charts and use order flow. Then you got non day traders who say don’t day trade. Then you got a women trader who says just use technical analysis bc orders flow don’t work and is not needed!
The damn community can’t agree on a DAMN THING ESPECIALLY ON THIS CHANNEL! WHATA JOKE!😂😂😂😂😂
Day trading is the only way to go—don’t fall for the hype around swing or long-term trading. I’ve lost hundreds of thousands in long-term investments because the market’s heavily manipulated by big players. Now, I never hold anything overnight—I only day trade, avoid junk, and always stay in cash by the end of the day.
Peter Brandt used to quote my post on Twitter in 2023 regarding The Funded Trader issue I had, the post got massive exposure that helped me & some Vietnamese get their refunds eventually. It's nice to see him in real person ;). Great to hear his thoughts on supporting firms who truly has trader's back, the future is bright
Wow what an amazing episode so much knowledge and for me so much relief to hear that it’s ok if it take me 5-6 years to become profitable consistently. Thank you Peter Brant !!!!❤❤❤❤
Not a fan of prop firms… gets interrupted by prop firm advertising 🤣
Thanks Riz, Im a Big fan of Peter 👌
Did you guys swap clothes before the Pod? You're dressed his age, and he's dressed your age!
Just teasing, great Pod Rizzlar.
This guy is an old timer. He's stuck in his old days. Everything he says is from HIS glory days. He hasn't read any literature about Day Traders. Day trading and Gambling are 2 different things. He's unaware of the culture of day traders. He is right about being passionate. You gotta really love trading. Very Stereo Typical. He is trying to enforce his idea of his Utopia on us. Every mans Idea Of Utopia, Is every other mans LIVING HELL. Times are WAAAY DIFFERENT today. Wow he's really out huh, we already know this shit. People like this are dangerous. They'll enforce their idea of what they think things should be with out knowing even how to turn on a computer. Just like when people decide to vote. I think he's just worried about leaving this world and his baby to the next generation of trading geeks make sure we don't abuse it.
Excellent interview! Thank you both. It was such a pleasure to listen to Peter’s valuable trading wisdom.
I rarely hold positions over night. Too much volatility during the day. The more trades you take, the less you have to risk on each trade to get the same results as someone who’s risking more than you. Only 10-20% of my positions are held more than 24 hours, and 5% held more than 48 hours.
You won't believe what happened to me recently. I lost my funds and properties through a fraudulent investment, I was broke,stranded and struggling with finance. I felt like I was hitting a dead end, depressed and confused every time due to my situation. In the process of looking for any means to recover my lost funds I came across this unconventional solution while reading online. I decided to give it a trier out of desperation.
These 2 different styles of trading differentiate success based on the individuals personality.
How can we find genuine prop firms then??
And, in my opinion, what I have researched only 3 prop firms claim that they give real funding in funded stage The 5ers, Funder Pro and Audacity Capital. And 2 of them are very old. one 12 years old and another one is 10 years old. Only Funder pro is new one
Riz please help us finding best and real funding prop firms. We will be very thankful