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
Jan 28, 2024 • 48min
Alex Spiroglou - macro and systematic trader
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 the race, you might say. Alex is also the Founder and CEO of SMART Trader Systems. To quote his website: 'his vision is to create a small, strong, Spartan-like, professional trader hub, whose members are willing to share ideas , techniques and motivation, because they realise that teamwork stands in the heart of great achievement.' ==Looking for a prop firm with less stringent rules for evaluation?I've failed a few prop firm tests - and every time it's been because I've been in breach by a small amount. The problme being I'm not at my screen all day. So, if you're anything like me, dead busy most of the day, doing other things, and you want more wriggle room with your drawdown, use my coupon code to get 10% your trial with TradiacHere are 6 key benefits I noted which, as a bundle, I haven't seen matched by competitors:Highest drawdown levels versus competition - 30% max and 15% dailyNo min trading daysNo min amount of trades, simple rules90% payouts on all accountsAll accounts are scalable up to $1mDon't lose your progress scaling with our Redemption TestsIf you want to give Tradiac a go, click the link below and use ATraderslife10off in the coupon/discount field to get 10% off your first trial. https://go.tradiac.com/auth?ref=traderslife Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.
Jan 28, 2024 • 1min
Trailer 88 | Alex Spiroglou - macro and systematic trader
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 the race, you might say. Alex is also the Founder and CEO of SMART Trader Systems. To quote his website: 'his vision is to create a small, strong, Spartan-like, professional trader hub, whose members are willing to share ideas , techniques and motivation, because they realise that teamwork stands in the heart of great achievement.' Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.
Jan 2, 2024 • 45min
Tomasz Nogowski - chef turned scalper
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, but as Tomasz himself noted, his life as a chef - serving up his best food at speed in a steamy kitchen - has served him very well trading the lower timeframes. ==Looking for a prop firm with less stringent rules for evaluation?I've failed a few prop firm tests - and every time it's been because I've been in breach by a small amount. The problme being I'm not at my screen all day. So, if you're anything like me, dead busy most of the day, doing other things, and you want more wriggle room with your drawdown, use my coupon code to get 10% your trial with TradiacHere are 6 key benefits I noted which, as a bundle, I haven't seen matched by competitors:Highest drawdown levels versus competition - 30% max and 15% dailyNo min trading daysNo min amount of trades, simple rules90% payouts on all accountsAll accounts are scalable up to $1mDon't lose your progress scaling with our Redemption TestsIf you want to give Tradiac a go, click the link below and use ATraderslife10off in the coupon/discount field to get 10% off your first trial. https://go.tradiac.com/auth?ref=traderslife Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.
Jan 2, 2024 • 2min
Trailer 87 | Tomasz Nogowski - chef turned scalper
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 showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.
Dec 14, 2023 • 41min
Robert J van Eyden - Author of "Badass Trader"
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 to grips with that word 'consistent'. Keep in touch and subscribe.==Looking for a prop firm with less stringent rules for evaluation?I've failed a few prop firm tests - and every time it's been because I've been in breach by a small amount. The problme being I'm not at my screen all day. So, if you're anything like me, dead busy most of the day, doing other things, and you want more wriggle room with your drawdown, use my coupon code to get 10% your trial with TradiacHere are 6 key benefits I noted which, as a bundle, I haven't seen matched by competitors:Highest drawdown levels versus competition - 30% max and 15% dailyNo min trading daysNo min amount of trades, simple rules90% payouts on all accountsAll accounts are scalable up to $1mDon't lose your progress scaling with our Redemption TestsIf you want to give Tradiac a go, click the link below and use ATraderslife10off in the coupon/discount field to get 10% off your first trial. https://go.tradiac.com/auth?ref=traderslife Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.
Dec 14, 2023 • 59sec
Trailer 86 | Robert J van Eyden - Author of "Badass Trader"
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 to grips with that word 'consistent'. Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.
Dec 11, 2023 • 2min
Trailer 85 | Anne Rossignol - The fall and rise of an oil trader
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 showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.
Dec 11, 2023 • 37min
Anne Rossignol - The fall and rise of an oil trader
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 stringent rules for evaluation?I've failed a few prop firm tests - and every time it's been because I've been in breach by a small amount. The problme being I'm not at my screen all day. So, if you're anything like me, dead busy most of the day, doing other things, and you want more wriggle room with your drawdown, use my coupon code to get 10% your trial with TradiacHere are 6 key benefits I noted which, as a bundle, I haven't seen matched by competitors:Highest drawdown levels versus competition - 30% max and 15% dailyNo min trading daysNo min amount of trades, simple rules90% payouts on all accountsAll accounts are scalable up to $1mDon't lose your progress scaling with our Redemption TestsIf you want to give Tradiac a go, click the link below and use ATraderslife10off in the coupon/discount field to get 10% off your first trial. https://go.tradiac.com/auth?ref=traderslife Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.
Nov 16, 2023 • 2min
Trailer: 84 | Rajan Dhal - one man's journey from solo retail trader to prop firm owner
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 developing his own prop firm, DND Capital, which follows a different model from most firms out there. Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.
Nov 16, 2023 • 50min
Rajan Dhall - one man's journey from solo retail trader to prop firm owner
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 developing his own prop firm, DND Capital, which follows a different model from most firms out there. ==Looking for a prop firm with less stringent rules for evaluation?I've failed a few prop firm tests - and every time it's been because I've been in breach by a small amount. The problme being I'm not at my screen all day. So, if you're anything like me, dead busy most of the day, doing other things, and you want more wriggle room with your drawdown, use my coupon code to get 10% your trial with TradiacHere are 6 key benefits I noted which, as a bundle, I haven't seen matched by competitors:Highest drawdown levels versus competition - 30% max and 15% dailyNo min trading daysNo min amount of trades, simple rules90% payouts on all accountsAll accounts are scalable up to $1mDon't lose your progress scaling with our Redemption TestsIf you want to give Tradiac a go, click the link below and use ATraderslife10off in the coupon/discount field to get 10% off your first trial. https://go.tradiac.com/auth?ref=traderslife Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.
