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A TRADER'S LIFE

Nicholas Penrake

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How do traders do it, overcoming setbacks, managing their risk and reining in their emotions to take chunks of money out of the markets? Showhost Nicholas Penrake chats with traders from all kinds of backgrounds, inviting them to share with us their highs and lows on their way to achieving consistent results. Trading is a tough game – they say only around 5 per cent of those who try actually make a profit. Listen to A Trader’s Life to glean some valuable insights from the market wizards Nic ...
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A lot has been said about mindset when it comes to trading. Which rather suggests it’s easier said than done. We all know revenge trading is bad, patience is good. Panic is bad, composure is good. And so on. But how do we achieve and maintain a calm state of mind, so we trade at our best? On this episode I talk to a former trader, who for the last …
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A lot has been said about mindset when it comes to trading. Which rather suggests it’s easier said than done. We all know revenge trading is bad, patience is good. Panic is bad, composure is good. And so on. But how do we achieve and maintain a calm state of mind, so we trade at our best? On this episode I talk to a former trader, who for the last …
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I think most of us who have been trading even a year can agree that managing risk is more than half the battle when it comes to making consistent returns in the markets. That was va clip from my conversation with veteran trader Ian Coleman. Ian mostly trades forex, occasionally the indices. In this episode we talk about the kinds of patterns and co…
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So we’re all pretty familiar with terms like head and shoulders, double bottom and double top. But are you familiar with these more esoteric patterns like bearish butterfly and tapering wedge? My next guest Ian Coleman lives and breathes this stuff. He often posts his marked up charts on Linkedin and I’ll often sit there studying them as if I were …
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So you know about Ukraine, you know about Gaza, but did you know there’s an even bigger war raging in Africa? At least in terms of death toll. i'm referring to the war in the Congo. Even though millions have died and many thousands are still dying, it’s a conflict that's hardly reported. My guest for this episode is a man who set out to make a film…
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So you know about Ukraine, you know about Gaza, but did you know there’s an even bigger war raging in Africa? At least in terms of death toll. i'm referring to the war in the Congo. Even though millions have died and many thousands are still dying, it’s a conflict that's hardly reported. My guest for this episode is a man who set out to make a film…
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Shoot for the skies as a day trader or bypass leverage altogether and aim for a 10% return investing in stocks? Writer and investor, Will Nutting, prefers the latter. For one thing, it gives him more time to travel around the world exploring investing possibilities of ten overlooked by the mainstream. Will runs a successful fund, also Nuttstuff, a …
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We can probably all agree trading has some bad connotations. Gambling and scam being the two words that readily spring to mind. My next guest is first and foremost an entrepreneur in online education. He’s not in fact a trader. But he passionately hates gambling and wanted to introduce some fresh transparency and genuine education to the trading wo…
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We can probably all agree trading has some bad connotations. Gambling and scam being the two words that readily spring to mind. My next guest is first and foremost an entrepreneur in online education. He’s not in fact a trader. But he passionately hates gambling and wanted to introduce some fresh transparency and genuine education to the trading wo…
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It’s pretty rare I come across women who trade, but when I do, they are very often my most interesting guests. My next guest is no exception. Not only is Alla Peters Plocher an exceptionally gifted trader, but in my view at least, an extraordinary person all round. I could go on, but now you’re here, I really want to get out of the way and let Alla…
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It’s pretty rare I come across women who trade, but when I do, they are very often my most interesting guests. My next guest is no exception. Not only is Alla Peters Plocher an exceptionally gifted trader, but in my view at least, an extraordinary person all round. I could go on, but now you’re here, I really want to get out of the way and let Alla…
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It’s pretty rare I come across women who trade, but when I do, they are very often my most interesting guests. My next guest is no exception. Not only is Alla Peters Plocher an exceptionally gifted trader, but in my view at least, an extraordinary person all round. I could go on, but now you’re here, I really want to get out of the way and let Alla…
  continue reading
 
Just as some people are good at long distance and some are more suited to the 100m, some traders prefer scalping, while others prefer the higher time-frames. Alex Spiroglou has decided he fits in the second group. He prefers spending his time studying technicals and likes to take his time before entering and closing a position. Slow and steady wins…
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Just as some people are good at long distance and some are more suited to the 100m, some traders prefer scalping, while others prefer the higher time-frames. Alex Spiroglou has decided he fits in the second group. He prefers spending his time studying technicals and likes to take his time before entering and closing a position. Slow and steady wins…
  continue reading
 
Trader Tomasz Nogowski talks to me about how he came to realise he could apply some of the skills he developed as a chef to his trading. Perhaps not surprisingly he’s a scalper. Fast and furious is how he likes it. Listen to the rest of our conversation from the episode alongside this trailer. Support the Show. Subscribe to A Trader's Life << A Tra…
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A few days before Christmas 2023 I got together with Tomasz Nogowski, a Polish trader who has picked up a Scottish accent after living in Scotland for a number of years. Tomasz is the first trader I’ve had on the show whose first career was spent working long hours in a kitchen as a chef. You might think this is irrelevant background information, b…
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One of the most familiar questions we hear successful traders being asked is, "How did you achieve consistent trading success? " South African tader, Robert, J. van Eyden has written a book aiming to tackle that question in some detail. I got together with Robert at the end of November 2023 to glean some lessons from him that might help traders get…
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One of the most familiar questions we hear successful traders being asked is, "How did you achieve consistent trading success? " South African tader, Robert, J. van Eyden has written a book aiming to tackle that question in some detail. I got together with Robert at the end of November 2023 to glean some lessons from him that might help traders get…
  continue reading
 
Female traders are like a rare breed in a jungle full of males. Trader Anne Rossignol describes herself as an adrenaline junkie. She trades almost exclusively crude oil and is brutally honest and humble about her failures and achievements. Explore A Trader's Life on YouTube. Support the Show. Subscribe to A Trader's Life << A Trader's Life on Twitt…
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Female traders are like a rare breed in a jungle full of males. Trader Anne Rossignol describes herself as an adrenaline junkie. She trades almost exclusively crude oil and is brutally honest and humble about her failures and achievements. Explore A Trader's Life on YouTube. Keep in touch and subscribe. == Looking for a prop firm with less stringen…
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Trader Rajan Dhall started out as a personal trainer. As well as helping others exercise their muscles, he exercised his initiative by chatting with traders who worked at JP Morgan in the offices above his gym. Fast forward 14 years and Rajan is not only making consistent profits through trading, he’s also helping others do the same while developin…
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Trader Rajan Dhall started out as a personal trainer. As well as helping others exercise their muscles, he exercised his initiative by chatting with traders who worked at JP Morgan in the offices above his gym. Fast forward 14 years and Rajan is not only making consistent profits through trading, he’s also helping others do the same while developin…
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If you thought trading was all about support and resistance, it would seem you only have half the picture. Trader and fund manager Gavin Holmes, is big on volume and has made his analsysis of volume a real profit hunter. Once he'd backtested his strategy and was happy with the results, he went on to develop a piece of software that has helped him a…
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If you’re interested in the part volume - in particular, volume spread analsyis - has to play in picking a winning trade, this episode is for you. Trader, mentor, author and CEO of TradeGuider, Gavin Holmes got into trading quite by chance when he met a professional trader while working in events. The two men got talking and Gavin started to gobble…
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One of the biggest trends in trading today is the proliferation and evolution of prop firms. They seem to be popping up everywhere. It's hardly surprising when you realize that more and more people are looking for a side hustle, but don’t have much capital to play with. They take a crack at trading, blow a lot of their savings and decide it might b…
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In Episode 81 I talk with a trader who is of the opposite sex. Wow. What a rare event. And it’s not been for want of trying, I might add. But it’s really quite a job to find women who trade. Trading is still a profession or activity where men vastly outnumber women. Will that change before AI take over? New Yorker Kimberly Sokoloff talks to me abou…
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In Episode 81 I talk with a trader who is of the opposite sex. Wow. What a rare event. And it’s not been for want of trying, I might add. But it’s really quite a job to find women who trade. Trading is still a profession or activity where men vastly outnumber women. Will that change before AI take over? New Yorker Kimberly Sokoloff talks to me abou…
  continue reading
 
A few weeks ago I got chatting with a Nigerian trader whom I’d come across on Twitter. Typically he trades in the early hours of the morning before catching a few hours’ sleep, then rushing out to work as a nurse. He trades synthetics, which are a kind of derivative popular among African traders. What stood out to me, as we talked, was just how pas…
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A few weeks ago I got chatting with Emmanuel Joshua, a Nigerian trader, whom I’d come across on Twitter. Typically he trades in the early hours of the morning before catching a few hours’ sleep, then rushing out to work as a nurse. He trades synthetics, a kind of derivative popular among African traders, using ICT strategies. What stood out to me, …
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About a year ago I got to know and like a guy who had been trading for about twenty years. I enjoyed chatting with him about trading. Then one day, he proposed trading a small fund on my behalf. The arrangement would entail his taking a cut of the profits, if any, and while he was trading, he would happily teach me how to read the markets. Sounded …
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My next guest studied science as a graduate. When he walked away from a Phd course that left him uninspired, he wasn’t sure what to do. Whatever it was, it had to present some sort of scientific challenge and an income that would give him plenty of freedom - with hours and locations he was in control of. Today Thiru Nagappan is one of the founding …
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My next guest studied science as a graduate. When he walked away from a Phd course that left him uninspired, he wasn’t sure what to do. Whatever it was, it had to present some sort of scientific challenge and an income that would give him plenty of freedom - with hours and locations he was in control of. Today Thiru Nagappan is one of the founding …
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My next guest is a man who spent 20 years at the top – trading for JP Morgan – retiring in his forties so he could spend more time with his family, more time travelling and generally finding more things to do than stare at a screen all day. He still trades today but more sensible hours. Clive Ponsonby. == Before you leave this page... Use my 10% Di…
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Michael A Gayed is a a Portfolio Manager at Tidal Financial Group. His approach is to focus in on zones/period of volatility to find the best investment opportunities in the markets. For powerful market insights to improve your long-term investment strategy, take a read of his Lead Lag Report. == Before you leave this page... Use my 10% Discount Co…
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Mid February 2023 Corey Andrews at Surge Trader put me in touch with trader Jean-Francois Boucher. I was very grateful he did, because my conversation with Jean-Francois has been one of the most absorbing I’ve had since I started this podcast. If you subscribe to A TRADER’S LIFE, you’ll know by now that I’m particularly drawn to traders who have di…
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Mid February 2023 Corey Andrews at Surge Trader put me in touch with trader Jean-Francois Boucher. I was very grateful he did, because my conversation with Jean-Francois has been one of the most absorbing I’ve had since I started this podcast. If you subscribe to A TRADER’S LIFE, you’ll know by now that I’m particularly drawn to traders who have di…
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This is a short episode (under 10 minutes) in which I share some thoughts on trading tops and bottoms, and how to identify and manage your limitations during an intense trading week. == Use my 10% Discount Coupon ATL10off for your 'audition' with Surge Trader prop firm. Click the link to get started: https://www.surgetrader.com/?afmc=vd Once you pa…
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This is a clip from my conversation with Michael Katz, a day trader, stocks and futures. Michael also helps run Trade the Pool, a prop firm based in Israel. I think you’ll find some useful tips and insights dotted about in this conversation, a handful perhaps that are worth noting down, especially if you’ve not been trading more than 2 or 3 years. …
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Michael Katz is a veteran day trader. Stocks and futures. He also helps run Trade the Pool, a prop firm based in Israel. I think you’ll find some useful tips and insights dotted about in this conversation, a handful perhaps that are worth noting down, especially if you’ve not been trading more than 2 or 3 years. == Use my 10% Discount Coupon ATL10o…
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Subscriber-only episode A short episode in which I run through a check list of bad habits in trading. And I've been guilty of all of them! Enjoy! == Use my 10% Discount Coupon ATL10off for your 'audition' with Surge Trader prop firm. Click the link to get started: https://www.surgetrader.com/?afmc=vd Once you pass the audition, you have access to f…
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In this very short episode (under 8 minutes) I describe how I came round to realising that NOT trading your own money was the best thing I could do if I ever wanted to make some proper money at this obsession of mine. If you're trading your own money and haven't yet given funded trading a go, this brief account of mine might inspire you to give it …
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Subscriber-only episode Here are my thoughts on reframing your mindset as a trader. Hardly definitive, but nice and short and, with any luck, more than a couple of useful takeways for you. == Don't trade with your own Money I don't know why it took me so long - confidence, perhaps, i.e., lack thereof - to realize I would be so much better off tradi…
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Subscriber-only episode This short episode is a compilation of clips from various episodes with traders talking to me about how they got started in trading. == Don't Trade with your own Money I don't know why it took me so long - confidence, perhaps, i.e., lack thereof - to realize I would be so much better off trading someone else's money, not my …
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Subscriber-only episode Discipline in life is hard. Discipline in trading is harder still. Here are 8 'don'ts' to help keep you on course to a slow steady climb in your equity. == I don't know why it took me so long - confidence, perhaps, i.e., lack thereof - to realize I would be so much better off trading someone else's money, not my own. Mid Feb…
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Ben Sparham began his career at 19 as a Personal Trainer. A few short years later he got bitten by the trading bug and today he trades US equities for himself, friends and family. == If you want to give prop trading a go, I highly recommend SurgeTrader. They get great reviews online and you can get 90% Profit Split once you're trading one of the th…
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Ben Sparham began his career at 19 as a Personal Trainer. A few short years later he got bitten by the trading bug and today he trades US equities for himself, friends and family. == I don't know why it took me so long - confidence, perhaps, i.e., lack thereof - to realize I would be so much better off trading someone else's money, not my own. Mid …
  continue reading
 
This is a clip from episode 70 with Saul Lokier, Chief Product manager at The5%ers prop firm. Besides his own personal accounts, Saul also manages funds for International Proprietary Forex Funds. We talk about how he got started and how fatherhood contributed to a change in the way he trades and where he ended up working. Support the Show. Subscrib…
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If you’ve looked into prop trading, you may well have heard of The5ers. My next guest, Saul Lokier, is part of the firm, which has its HQ in Tel Aviv. Besides his own personal accounts, he also manages funds for International Proprietary Forex Funds. Among other things, we talk about how he got started and how fatherhood contributed to a change in …
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Having done nearly 70 episodes now since I started this podcast, I’ve noticed:all the traders I get to chat to have this in common: they’re grounded, humble and self-aware, not at all flashy and loud. In fact, the vast majority don’t even talk about making money, their focus is on the mental and physical qualities they work on in order to improve t…
  continue reading
 
Having done nearly 70 episodes now since I started this podcast, I’ve noticed all the traders I get to chat to have this in common: they’re grounded, humble and self-aware, not at all flashy and loud. In fact, the vast majority don’t even talk about making money, their focus is on the mental and physical qualities they work on in order to improve t…
  continue reading
 
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