5ive Beatz: From Prison to $150,000 in Payouts | WOR Podcast - EP.117

If you enjoy these conversations, please follow the podcast and leave a rating on Spotify. It helps us reach more traders and continue bringing you the best guests in the industry.____________________________________On this episode of the Words of Rizdom podcast we are joined by 5ive Beatz. A music producer turned funded trader who produced music for Nines, Potter Payper & Pop Smoke. 5ive was sentenced to prison after spending an early part of his life involved in crime. 5ive got into trading and has now achieved a massive $150,000 in payouts in less than nine months! An incredible journey and a lot to take away from this podcast!__________________________________________Free Telegram Community! 👉🏽 https://t.me/pocketsofrizdomFree Trading Plan 👇https://words-of-rizdom.ck.page/0542be7af0 __________________________________________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 the Best Trading Journal Use Code “RIZ10” for 10% Off or Code “WOR” for 20% off 👉 https://refer.tradezella.com/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/5ivebeatz__________________________________________ Riz’s Instagram: https://instagram.com/wordsofrizdomRiz’s Twitter: https://x.com/wordsofrizdom __________________________________________ 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:00:00:00 - Intro00:03:34 - From Music to Trading: Finding Independence00:06:59 - Reflecting on Past Choices00:10:20 - Switching to Music00:13:41 - From Hardship to Success in the Music Industry00:16:53 - Working with Travis Scott00:20:03 - Finding a New Path in Trading00:23:28 - The Importance of Mental Strength in Trading00:26:59 - Finding a Legit Mentor00:30:21 - The Journey of Success and Learning Every Day00:33:24 - Taking a Break and Slowing Down in Trading00:36:38 - Learning from Financial Mistakes and Staying Disciplined00:39:48 - Learning from Drawdowns and Humbling Experiences00:42:54 - Overcoming Fear and Taking the Risk00:46:09 - The Importance of Proper Risk Management00:49:24 - Applying the Skill Set to Prop Trading00:52:47 - The importance of trading discipline and simplicity00:56:12 - Proper Risk Management and Data Analysis00:59:48 - The Journey of a Trader01:03:18 - Always a Student, Always Learning__________________________________________ 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.