On this episode of Words of Rizdom, we are joined by Andy Krieger, the trader behind executing one of the most successful trades of all time. He executed a $300M trade that helped set the playbook George Soros later used to break the pound. With that trade he set a record in 1987 as the world's highest-earning trader. Andy breaks down how he used options, liquidity, market psychology and stop levels to crash the New Zealand dollar, why options are “nuclear bombs”, why retail traders have no edge in short-term noise, and what traders should actually focus on if they want longevity. We also discuss George Soros, Bill Lipschutz, Paul Tudor Jones, Stanley Druckenmiller, Ray Dalio, options trading, market inefficiencies, information flow, why retail traders are disadvantaged in short-term noise, and why the best traders think in probabilities, time horizons and psychology. This is real trading history. We hope you enjoy this episode! Like, Subscribe & Enable Notifications 🔔New verified trader episodes every Thursday 3PM GMT / 10AM EST ━━━━━━━━━━━━━━ Chart Academy: https://www.chartacademy.com/ Chart Fanatics Live: https://www.youtube.com/@chartfanaticslive 20% OFF Alpha Capital Group (Code: RIZ): https://link.alphacapitalgroup.uk/eq7m8X 20% OFF Alpha Futures (Code: RIZ): https://link.alpha-futures.com/k9V5Az TradeZella (Code: RIZ10 for 10% OFF Monthly or WOR for 20% OFF Yearly): https://refer.tradezella.com/riz BEST Deals on all Prop Firms: https://propfirmtrader.com/ FREE Market Journal Newsletter: https://www.market-journal.com Download This Playbook: https://www.chartfanatics.com🚀 Join Our FREE Trading Community Discord: https://discord.gg/chartfanatics/ Telegram: https://t.me/pocketsofrizdom ━━━━━━━━━━━━━━ 🎙 Guest: Andy Krieger https://newsletter.andy-krieger.com/about-andy-krieger/ 🎙 Host: Words of Rizdom https://youtube.com/@wordsofrizdom https://instagram.com/wordsofrizdom https://x.com/wordsofrizdom https://www.instagram.com/realriziqbal ━━━━━━━━━━━━━━ Timestamps: 00:00 - Introduction 05:16 - Building The Kiwi Short 12:13 - From Indian Philosophy To Options Trading 17:09 - Liquidity, Bank Flow & Market Inefficiencies 21:10 - Options, Nuclear Bombs & Risk 25:17 - Big Trades, Trends & Why Consensus Kills Edge 34:54 - Longevity, Adaptation & Pain Tolerance 41:16 - Detachment, Ego & Changing Strategies 46:22 - Patience, Probability & Longer Time Horizons 52:20 - No Charts, Market Memory & Key Levels 56:47 - Information Flow & Trading Multiple Markets 1:01:42 - Self-Awareness, Success & Why Traders Fail 1:07:31 - Calm, Focus & Trader Performance 1:12:29 - AI Bubble, S&P Risk & Asymmetry 1:17:43 - Real Capital, Prop Firms & Feeling The Market 1:24:10 - Why Andy Still Trades & Final Question ━━━━━━━━━━━━━━ Disclaimer:The content on Words of Rizdom is for informational and educational purposes only and should not be considered financial, investment or trading advice. I am not a licensed financial advisor, and the strategies, opinions, and commentary shared are based on personal experience of the respective guests. We are not personally affiliated with any of the guests featured in our episodes. The views expressed by our guests are their own and do not necessarily reflect the opinions or endorsements of Words of Rizdom.Trading and Investing involves risk, and you should always do your own research or consult with a qualified financial professional before making any investment decisions. You are solely responsible for your financial decisions. This channel and its creator are not liable for any loss or damage arising from the use of information presented in videos.