

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

Mar 4, 2021 • 50min
Episode 24 | Nicholas Pelecanos - Crypto Trader
Early in February 2021 I got together with crypto trader Nicholas Pelecanos. Nick got into trading pretty early on in life. When he blew his first account, he formed a trading club which became the most successful university trading club in Australia. He tried a bit of everything to begin with but gravitated to Bitcoin. Today, as Head of Trading at NEM Group, Nick has his own list of clients and has become something of an expert in all things blockchain. --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 4, 2021 • 2min
Trailer to Episode 24 | Nicholas Pelecanos
This is a clip from my conversation with crypto trader Nicholas Pelecanos. I learnt quite a lot about crypto and blockchain talking with Nick, who trades for himself and a clutch of investor clients looking to take advantage of the crypto bull market. If this is an area of trading that interests you, I think you’ll get plenty out of this one. Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.

Feb 26, 2021 • 29min
Episode 23 | Krists Elviks - 'aggressive' fx trader
Krists Elviks is a forex trader based in Riga, Latvia,. His favourite pairs to trade are GBPUSD, GBPJPY, and gold, and he describes his trading strategies as 'aggressive'. What does he mean by that? Listen from here or your favourite platform to find out.==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?Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.

Feb 26, 2021 • 2min
Trailer to Episode 23 | Krists Elviks
Krists Elviks is a forex trader based in Riga, Latvia,. His favourite pairs to trade are GBPUSD, GBPJPY, and gold, and he describes his trading strategies as 'aggressive'. What does he mean by that? Listen to the full episode from buzzsprout or your favourite platform. Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.

Feb 18, 2021 • 40min
Episode 22 | Don Yocham - cannabis stocks trader
My guest today is Don Yocham, Head of Private Ventures at NICI. Twenty-five years’ experience in the investment management industry has allowed Don to dive into a broad range of asset classes, strategies and structures. He’s finally honed in on one asset class… cannabis.With the ushering in of the new administration at the White House, cannabis is very likely to be legalised in the US, possibly as early as spring this year. Cannabis stocks are primed to soar, Don tells me. Stick around to find out more about this new investment opportunity that’s about to pop. Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.

Feb 18, 2021 • 2min
Trailer to Episode 22 | Don Yocham
in Episode 22 I chat with Don Yocham, a leading expert in cannabis stocks. With cannabis about to be legalised in the US, possibly as early as spring 2021, cannabis stocks are primed to soar, Don tells me. Get the whole picture of what’s going on with this new potential break out stock when I publish the full episode later this afternoon, UK time.==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?Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.

Feb 9, 2021 • 42min
Episode 21 | Jude Obiarinze - 'aggressive' trader
You might think staking a thousand dollars on one trade on a high-leverage account with an unlicensed broker is a little insane, but my next guest, Jude Obiarinze, somehow makes it work. Coming from a background in accountancy, he’s probably smarter than most of us when it comes to balancing the numbers. Here’s our conversation. Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.

Feb 9, 2021 • 2min
Trailer to Episode 21 | Jude Obiarinze
This is a clip from Episode 21 of A Trader’s Life when I was talking to trader Jude Obiarinze. Jude is one of the few traders I’ve had on the show who openly admits to trading a portion of his funds on high leveraged accounts.Find out how he keeps ahead in the trading game from the full episode available from this paltform, iTunes, Spotify, Stretcher and a few others. Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.

Feb 5, 2021 • 58min
Episode 20 | Kevin Davey - algo trader
In today’s session Kevin Davey talks to me about how he went from being an "awful discretionary trader" many years ago to the award-winning and highly successful algo trader he is today. Even though I doubt I’m going to be writing code any time soon, I was really curious to find out more about this way of trading. Just how difficult is it? Not surprisingly, you need to have some understanding of trading and some aptitude for writing code for the strategies you devise. Then again, many of Kevin’s students hadn’t written any code before attending his classes – and it didn’t stop them from becoming successful algo traders. As with most things, curiosity, patience and perseverance are key. Enjoy the conversation.Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.

Feb 5, 2021 • 2min
Trailer to Episode 20 | Kevin Davey
This is a clip from my session with trader and educator Kevin Davey. As you just heard, by his own admission, Kevin was "an awful discretionary trader" – but he gets the last laugh because, after switching to systemising his trading, he not only broke the cycle of yearly net losses, he became an award-winning algo trader. If you’re even remotely curious about the use of code in trading, listen to the full episode here.Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.