Published On Premiered Jan 8, 2024
In this episode of The Words of Rizdom Podcast we are joined by Ben Sparham, a 12 year veteran Trader who worked at the Institute of Trading & Portfolio Management with connections to Goldman Sachs & JP Morgan. Ben is a Pro-Trader who predominantly trades US equities and has years of experience in the markets, he shares some of his secrets in both the institutional & retail side of trading. We discuss the evolution of the trading industry, prop firms and psychology.
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Ben’s Twitter: / bensparham_
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Timestamps:
0:00 - Introduction
4:35 - How the trading industry has developed
5:56 - Coming from a 9-5 to Trading
7:53 - Key differences between pro & beginner traders
12:54 - Explaining portfolios
19:45 - Being on a trading floor
23:04 - Falling for scams in the trading industry
25:55 - Thoughts on prop firms
36:38 - Mindset when taking prop challenges
44:20 - Ben’s experience in institutional trading
50:42 - Running a trading floor in Mayfair
57:03 - How to find & source investors
59:55 - Negative perception of investors
1:04:51 - Trading for the wrong reasons
1:09:38 - How a trade floor operates
1:13:14 - Benefits/drawbacks of trading with others
1:19:30 - The effects of Covid
1:21:46 - Trading during black swan events
1:27:02 - How politics affects trading
1:39:54 - Quick fire questions
DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only
#trading #daytrading #propfirms #forex