A TRADER'S LIFE
Nicholas Penrake
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 get to talk to. If you glance at my profile on LinkedIn, you’ll see I’m no big shot trader. Mid way through 2023, after nearly three years' trading, I'm still only break-even. But every week I learn something new. And part of that learning process is enriched by talking and listening to other traders, those with more experience than I have.We all know that emotions can seriously derail your trading aspirations. It's been my experience - and I hope you agree - that every so often listening to other traders' stories can not only be instructive but inspirational, even comforting, to a degree. Just one example: one of my guests lost 50,000 in just a just a few months. Today’s she’s crushing it in commodities. How did she do it? You come here to find out.And here’s the thing… the picture I’m getting is that it’s not so much about the money, it’s about the challenge.It’s also about freedom: finding a pursuit that can make you an income that only relies on your smarts and an internet connection.If you can get there, trading can potentially free up your day, allowing you to explore a world that extends far beyond the daily commute to an office.So, if you’re a trader interested in comparing your story with the stories of traders who’ve cracked it, or even if you’re just curious about trading, grab your headphones, open your browser and have a listen – A Trader’s Life.
Episodes
Mentioned books
Apr 7, 2021 • 1min
Trailer to Episode 30 | Cas Daamen - mechanical trader
This is a clip from my latest podcast session on A Trader’s Life, when I was talking with forex - and mechanical - trader Cas Daamen. Two years of hard work and lots of back-testing before he cracked it, Cas tells me. And this is a guy good at Maths. Listen to the full episode from buzzsprout or your favourite platform to find out how he did it. Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.
Apr 2, 2021 • 2min
Trailer to Episode 29 | Mark Doxey - fx trader
Trader Mark Doxey talks to me about the lessons he’s learned since he started trading full time a couple of years ago. Some traders profess to be uninterested in fundamentals. Mark makes a good case for keeping an eye and ear out for the virulent news. Catch the full episode later this afternoon, UK time. Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.
Apr 2, 2021 • 39min
Episode 29 | Mark Doxey - fx trader
In this episode I talk with Mark Doxey, a former systems analyst, recently turned full time trader. While many traders profess to be uninterested in fundamentals, Mark makes a sound case for keeping abreast of the news. Before you go...There's hardly a business on the planet that turns a profit in its first year. I wish I could say I was any different, but the same applies with this podcast. So, if, by some chance, you’re looking for a new or additional broker, and choose to sign up with BD Swiss via my referral link, I'd like you to know you’ll also be helping me keep this podcast up and running. BD Swiss are regulated to the hilt, fast on withdrawals, offer great customer service and competitive spreads. Risk Warning: 79.9% of retail investor accounts lose money when trading CFDs with this provider. Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.
Mar 25, 2021 • 50min
Episode 28 | Jeff Wecker - Veteran Trader
In this episode I talk with Jeff Wecker, a personal coach and a top 10 Fx trader worldwide. He’s a former member of the Chicago Board of Trade, and now CEO of the Fx Global Trading Group – the world's largest provider of Fx services including unlimited funding programs, and world class education in courses ranging from Algorithmic Trading to Advanced Options and everything in between.These are all impressive credentials of course, but what I so enjoyed about our conversation was Jeff’s sheer honesty and dry wit. This is quite a slice from a veteran trader’s life. --There's hardly a business on the planet that turns a profit in its first year. I wish I could say I was any different, but the same applies with this podcast. So, if, by some chance, you’re looking for a new or additional broker, and choose to sign up with BD Swiss via my referral link, I'd like you to know you’ll also be helping me keep this podcast up and running. BD Swiss are regulated to the hilt, fast on withdrawals, offer great customer service and competitive spreads. Risk Warning: 79.9% of retail investor accounts lose money when trading CFDs with this provider. Support the show (https://www.patreon.com/penrakespodcasts)Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.
Mar 25, 2021 • 2min
Trailer to Episode 28 | Jeff Wecker - Veteran Trader
This is a clip from my session with veteran trader Jeff Wecker. As you can tell, Jeff’s is as frank about his bad days trading as his good days. He’s been a top forex trader for years. His biggest pleasure these days is teaching new or struggling traders his best strategies. This is a guy who refuses to be put down by setbacks, no matter how big. In spite of his amazing success, Jeff remains pithy and ironic about his adventures and expectations for the future.-There's hardly a business on the planet that turns a profit in its first year. I wish I could say I was any different, but the same applies with this podcast. So, if, by some chance, you’re looking for a new or additional broker, and choose to sign up with BD Swiss via my referral link, I'd like you to know you’ll also be helping me keep this podcast up and running. BD Swiss are regulated to the hilt, fast on withdrawals, offer great customer service and competitive spreads. OK, that's it, now to the show notes. Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.
Mar 24, 2021 • 3min
Episode 27 | Hypnosis For Traders
This episode a little different from the usual format, as I open with my own personal experience of working with the award-winning life coach and hyopnotherapist, Louise Nonweiler, to improve my trading mindset using hypnosis If you're having a rough time of it trading, or simply want to improve your game, then this could be a game changer for you. You can contact Louise via her website. If you get chatting with her, please mention A Trader's Life. Thank you.--Risk Warning: 79.9% of retail investor accounts lose money when trading CFDs with this provider. Support the show (https://www.patreon.com/penrakespodcasts)Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.
Mar 15, 2021 • 45min
Episode 26 | Rodni Rieta - forex trader
BEFORE YOU HEAD OFF… as we all know, a lot can go wrong in trading. Some days you can find yourself gasping for breath and telling yourself you need a complete break from it.Well, take a look at this. It’s a way of making passive income by taking a stake in the crypto space but doesn’t require you to trade crypto. The company in question is called Yieldnodes. And essentially, what these guys do is provide cutting edge services to the blockchain network, such as maintaining e-wallets and the like.It’s very easy to get set up on the platform, and the returns are truly exceptional, averaging around 10% per month. Once you factor in compounding you could be looking at just north of 200% per annum. Here’s another thing I think is really important: Yieldnodes have allowed members to audit their incomings and outgoings and found them to be entirely transparent. I personally think this is an exciting proposition and, if you sign up through my link, instead of the usual minimum deposit of 500 Euros, you can make a start with just 50 Euros. Heck, some people put that on the lottery every weekend! So why not plant a seed today with Yieldnodes and see what grows from there?By pass the 500 Euro minimum requirment and start participating in the Yieldnodes project with as little as 50 Euros via this link while helping to keep this podcast going. Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.
Mar 15, 2021 • 2min
Trailer to Episode 26 | Rodni Rieta
This is the trailer for my session with Rodni Rieta, a trader from The Philippines. Rodni started out trading while working as a manager at Learn to Trade. Having spent a few years in the USA he’s now back home, where he trades forex and teaches trading to his own students. We had an engaging conversation that included not only Rodni’s preferred way of trading, but also his pastimes, such as looking after his pet snakes. -Just before you go.... If you’re looking for a new or additional broker, avoid being scammed. When you sign up with BD Swiss via my referral link, you’ll also be helping me keep this podcast up and running. Thanks for being here.Risk Warning: 79.9% of retail investor accounts lose money when trading CFDs with this provider. Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.
Mar 9, 2021 • 1min
Trailer to Episode 25 | Emma Weber
In Episode 25 I talk with someone who helps people who have had a bad experience with a scam broker. As the Business Development Manager at Black Chain Radar, an international company with an extensive database on online trading companies, my guest today, Emma Weber helps traders identify, avoid and in some cases hunt down scam brokers. Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.
Mar 9, 2021 • 23min
Episode 25 | Emma Weber - Black Chain Radar
In Episode 25 I talk with someone who helps people who have had a bad experience with a scam broker. As the Business Development Manager at Black Chain Radar, an international company with an extensive database on online trading companies, my guest today, Emma Weber helps traders identify, avoid and in some cases hunt down scam brokers. -Just before you go.... If you’re looking for a new broker, and you sign up with BD Swiss via my referral link, you’ll also be helping me keep this podcast up and running. Thanks for being here.Risk Warning: 79.9% of retail investor accounts lose money when trading CFDs with this provider. Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.
