Ben Chaffee: Paying Off $130,000 Debt from Prop Firm Trading | WOR Podcast - EP.119

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