On this episode of the Words of Rizdom podcast we are joined by Dave Teaches. Dave is a 6 figure day trader and hyper scalper that made a name for himself on Twitter after flipping just $700 into an incredible $89,000, all recorded live with receipts. Dave found himself in a difficult situation early in his trading career and took the "do or die" approach that trading must work out for the sake of his family. His success has come from a place of adversity and he has managed to change not only his life but his family's too. His controversial takes on Twitter has sparked some debate online but overall Dave is a down to earth, professional and talented guest. I hope you guys enjoy this episode!
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Guest's Socials:
Twitter:
https://twitter.com/daveteachesfx
Youtube:
https://youtube.com/@DaveTeaches
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Riz’s Instagram:
https://instagram.com/wordsofrizdom
Riz’s Twitter:
https://twitter.com/wordsof_rizdom
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Timestamps:
00:00:00 Introduction to Dave Teaches - Turning $700 into $89,000
00:08:50 The Importance of Mentorship in Trading
00:18:09 High Win Rate Trading Strategies
00:26:25 Maximizing Opportunities on Lower Time Frames
00:35:09 Aligning Backtesting with Live Trading
00:44:54 Toxicity and Limiting Beliefs in Trading Communities
01:01:37 Mastering Financial Discipline: Strategies for Traders
01:09:52 The Myth of Trading Books and Mindset
01:19:36 Exploiting Market Glitches: The Neo Example
01:28:24 Understanding Market Consistency
01:36:45 Overcoming Imposter Syndrome in Trading
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DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only
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