Alistair Crooks: Master Retail Trading in 2024 with These Pro Tips | WOR Podcast - EP.132

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 Alistair Crooks. Ali is a UK based 7 figure asset manager with 22 years experience in the markets. He came from being £35,000 in debt, living in a one bedroom flat to managing millions in capital. In this podcast we deep dive into the prop firm industry, discuss the institutional side of trading and what it takes to become an asset manager and he reveals some of the biggest pitfalls and challenges faced by retail traders. You don't want to miss this one!__________________________________________SUBSCRIBE NOW! Like this video, comment below who you’d like to see next, and turn on notifications to never miss a new video, as we post new episodes weekly!__________________________________________Free Telegram Community! 👉🏽 https://t.me/pocketsofrizdomFree Trading Plan 👉🏽 https://words-of-rizdom.ck.page/0542be7af0 __________________________________________TradeZella:Use the Best Trading Journal Use Code “RIZ10” for 10% Off or Code “WOR” for 20% off 👉 https://refer.tradezella.com/rizAlpha Capital:Use Code "RIZ" for 20% OFF ALL Challenges 👉 https://bit.ly/AlphaCapitalWOR Alpha Futures:Use Code "RIZ" for 20% OFF ALL Challenges 👉 https://bit.ly/AlphaFuturesWOR __________________________________________ Guest's Socials: Website - https://www.traderssupportclub.com/Instagram - https://www.instagram.com/alicrooksofficial/Instagram - https://www.instagram.com/traders_support_club/TikTok - https://www.tiktok.com/@alistaircrooksX - https://x.com/AliCrooks__________________________________________ Riz’s Instagram: https://instagram.com/wordsofrizdomRiz’s Twitter: https://x.com/wordsofrizdom __________________________________________ Timestamps:00:00:00 - Introduction 00:07:43 - The Reality of Trading in the Past00:15:30 - Overwhelming Amount of Information in The Trading World00:23:21 - The Illusion of Quick Success in Trading00:31:05 - The Trap of Retirement Expectations00:38:44 - The Importance of Trading Strategy and Data Analysis00:46:11 - The Importance of Financial Planning00:53:53 - The Challenge of Trading with Desperation01:01:19 - The Dangers of Greed and Unrealistic Expectations in Trading01:08:58 - Transitioning to Swing Trading01:16:28 - Themes and Market Highlights01:23:49 - Risk Management Strategies in Trading01:31:17 - Balancing Risk and Trade Strategies01:38:46 - The Importance of Scaling and Risk Management in Trading01:46:13 - Experimenting with Trading Strategies01:53:29 - Attributes Of Successful 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.