On this episode of the Words of Rizdom podcast we are joined by Ben Chaffee. He's a 7 figure prop firm trader that left college with over $130,000 in crippling debt. He stepped into trading to pay off this debt and cleared everything from just prop firm trading. Ben is also an entrepreneur and the COO of Alpha Futures, a Alpha Capital Group owned Futures firm. He wants to disrupt the Futures prop firm space and provide traders with all the tools he wished he had when he first started out. I hope you guys enjoy this incredible episode!
__________________________________________
Free Telegram Community! 👉🏽 https://t.me/pocketsofrizdom
Free Trading Plan 👇
https://words-of-rizdom.ck.page/0542be7af0
__________________________________________
Subscribe To Alpha Futures Youtube Channel:
https://youtube.com/@Alpha_Futures
Sign Up For Alpha Futures Pre Launch To Be Entered Into A Massive Giveaway:
https://join.alpha-futures.com/register
__________________________________________
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 ⬇️
https://www.tradezella.com/?via=riz
⬇️Use Code “WOR” for 20% off your yearly subscription ⬇️
https://www.tradezella.com/?via=riz
__________________________________________
The #1 Prop Firm In The Entire Industry Alpha Capital. They have their own broker, their own technology, actual institutional experience and the best community in the prop firm industry.
They also still support the best trading platform for all Traders with Platform 5! 👀
Use Code "RIZ" for 20% OFF ALL Challenges.
👉 https://app.alphacapitalgroup.uk/signup/RIZ 👈
__________________________________________
Guest's Socials:
https://www.instagram.com/benchaffee_
__________________________________________
Riz’s Instagram: https://instagram.com/wordsofrizdom
Riz’s Twitter: https://twitter.com/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. 💪🏽
__________________________________________
00:00:00 - Intro
00:03:27 - Finding Inspiration and Chasing Trading Success
00:06:56 - Encouragement from a Successful Trader
00:10:05 - Learning from Other Traders
00:13:21 - The Journey to Financial Stability
00:16:27 - Taking Risks in The Pursuit of Happiness
00:19:39 - Taking Calculated Risks in Business and Trading
00:22:45 - The Importance of Time Management in Trading
00:25:56 - Starting the Trading Journey
00:29:03 - Challenges in the Learning Phase
00:32:20 - Balancing Work and Trading
00:35:19 - Transition to Prop Firms and Treating Trading as a Business
00:38:43 - Differences between personal and prop trading
00:41:54 - Transitioning to Futures Trading
00:45:18 - Transitioning to Futures Trading
00:48:36 - The Debate on Fixed Risk vs Dynamic Risk
00:51:54 - The Importance of Dynamic Risk Management
00:55:00 - Making Money on Trend Days
00:58:01 - The Biggest Hack to Increase Profits
01:01:01 - Dealing with Drawdown and Changing Strategies
01:04:07 - The Length of Time to Develop Trading Skills
01:07:14 - Building Connections in the Prop Trading Community
01:10:20 - The problem with email accounts in Apex
01:13:27 - Unrealistic Expectations and Industry Understanding
01:16:41 - The Importance of Knowledge in the Industry
01:20:01 - The Power of Commitment in Trading
01:23:11 - Determination and Growth
__________________________________________
DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only
__________________________________________
#trading #forex #forextrading #futures #futurestrading #daytrading #podcast #swingtrading #scalping