

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

7 snips
Feb 7, 2023 • 50min
Episode 70 | Saul Lokier - Prop trader
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 the way he trades and where he ended up working. ==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 February 2023 I started the 'audition' at Surge Trader on a virtual account of 100K. If I pass - that means hitting a profit of 10K - I get to trade 100K, again, not my money.Surge Trader get great reviews online and you can get 90% Profit Split once you're trading one of the their funds.Use my 10% Discount Coupon ATL10off for your 'audition'. Just click the link to get started:https://www.surgetrader.com/?afmc=vd Once you pass the audition, you have access to funded accounts from $25,000 and upwards. Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.

Feb 7, 2023 • 2min
Trailer to Episode 70 | Saul Lokier - Prop trader
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 showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.

Jan 17, 2023 • 33min
Trailer to Episode 69 | Alistair Todd - FX & Indices trader
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 their edge. For episode 69 I got together with Alistair Todd, a trader still in his early twenties, who started trading in his teens. He taught himself, blew up a few accounts, found a mentor and never looked back. I think you’ll find he has plenty of useful insights to share with you. Let’s get to it.Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.

Jan 17, 2023 • 35min
Episode 69 | Alistair Todd - FX & Indices trader
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 their edge. For episode 69 I got together with Alistair Todd, a trader still in his early twenties, who started trading in his teens. He taught himself, blew up a few accounts, found a mentor and never looked back. I think you’ll find he has plenty of useful insights to share with you. Let’s get to it.==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 February 2023 I started the 'audition' at Surge Trader on a virtual account of 100K. If I pass - that means hitting a profit of 10K - I get to trade 100K, again, not my money.Surge Trader get great reviews online and you can get 90% Profit Split once you're trading one of the their funds.Use my 10% Discount Coupon ATL10off for your 'audition'. Just click the link to get started:https://www.surgetrader.com/?afmc=vd Once you pass the audition, you have access to funded accounts from $25,000 and upwards. Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.

Jan 13, 2023 • 56min
Episode 68 | Gary Langley - 3 days-a-week trader
This is my first podcast episode of 2023. It was recorded back in November of last year, but my MacBook Pro had a meltdown just before Christmas and what with ordering spare parts from China and Post Office strikes here in the UK, that’s set me back a bit. Anyway, here we are, and we start with a good one My guest for episode 68 is Gary Langley, aka the Scruffy Trader. I particularly warmed to Gary’s wise and humble approach to what he does. I can’t say I always manage to get a good portrait of a person with every session I do, but I think with this one we do get that in full.==Don't Trade with your own MoneyI 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 February 2023 I started the 'audition' at Surge Trader on a virtual account of 100K. If I pass - that means hitting a profit of 10K - I get to trade 100K, again, not my money.Surge Trader get great reviews online and you can get 90% Profit Split once you're trading one of the their funds.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 February 2023 I started the 'audition' at Surge Trader on a virtual account of 100K. If I pass - that means hitting a profit of 10K - I get to trade 100K, again, not my money.Surge Trader get great reviews online and you can get 90% Profit Split once you're trading one of the their funds.Use my 10% Discount Coupon ATL10off for your 'audition'. Just click the link to get started:https://www.surgetrader.com/?afmc=vd Once you pass the audition, you have access to funded accounts from $25,000 and upwards. Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.

Jan 13, 2023 • 2min
Trailer to Episode 68 | Gary Langley - 3 days-a-week trader
Hey, how’s it going? So this is my first podcast episode of 2023. It was recorded back in November of last year, but my MacBook Pro had a meltdown just before Christmas and what with ordering spare parts from China and Post Office strikes here in the UK, that’s set me back a bit. Anyway, here we are, and we start with a good one My guest for episode 68 is Gary Langley, aka the Scruffy Trader. I particularly warmed to Gary’s wise and humble approach to what he does. I can’t say I always manage to get a good portrait of a person with every session I do, but I think with this one we do get that in full. Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.

Nov 7, 2022 • 2min
Trailer to Episode 67 | Faina Vitebsky - Crude Oil
I think trader Faina Vitebsky must be the first trader I’ve had on the show who has expressed a connection to trading instruments as if they were past or present partners. It’s perhaps no surprise coming from someone who is also a writer, painter and actress. An unusual combination, you might say – and all the more colourful for it. Listen to the full conversation on A Trader’s Life, episode 67. Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.

Nov 7, 2022 • 59min
Episode 67 | Faina Vitebsky - Crude Oil
As I’m sure you’re aware, most traders are men. Out of 67 episodes I’ve had I think about 8 women on the show. So it’s a great pleasure to be able to introduce to you Faina Vitebsky, a trader from New York, now based in Puerto Rico, who is doing very well for herself trading crude oil. Whereas most of my guests have some background in business or finance, Faina is an accomplished actress who has appeared in shows like The Sopranos, Law and Order and, more recently, Fantasy Island. Being a filmmaker myself, I hope you traders will forgive me for straying off topic every so often to ask Faina about her acting life and how she marries her primary passion and career with her trader’s life. I for one enjoyed Faina’s dry New York wit and found her humility and insights as endearing as they were inspirational. Enjoy the episode!==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 February 2023 I started the 'audition' at Surge Trader on a virtual account of 100K. If I pass - that means hitting a profit of 10K - I get to trade 100K, again, not my money.Surge Trader get great reviews online and you can get 90% Profit Split once you're trading one of the their funds.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. Use my 10% Discount Coupon ATL10off for your 'audition'. Just click the link to get started:https://www.surgetrader.com/?afmc=vd Once you pass the audition, you have access to funded accounts from $25,000 and upwards. ==Re-wire your mindset for better trading results and less anxietyLouise Nonweiler is a Multi Award-Winning Clinical Hypnotherapist and Life Coach. Her mission: to help traders shift their mindsets so they become confident profitable and successful. If you’re going through a bad patch trading right now, I highly recommend you visit her website, where you’ll find information about her courses. It may be time to reset your mindset. With Louise’s help you can achieve that. Improve your trading life <==Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.

8 snips
Oct 11, 2022 • 44min
Episode 66 | Jason Shapiro - 'The Contrarian Trader'
If you’ve been trading a while, in fact even if you’ve only been interested in the idea of trading, you’ll probably have read Jack Schwager’s book Market Wizards. A really superb series of interviews with famous traders. And you may have gone on to read the sequel, Unknown Market Wizards. Well, in this second book, the second name in the contents list is Jason Shapiro, a trader from New Jersey. Jason kindly agreed to come on to the show today, late in September 2022, to talk to me about his life as a contrarian trader. ==Don't Trade with your own MoneyI 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 February 2023 I started the 'audition' at Surge Trader on a virtual account of 100K. If I pass - that means hitting a profit of 10K - I get to trade 100K, again, not my money.Surge Trader get great reviews online and you can get 90% Profit Split once you're trading one of the their funds.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 February 2023 I started the 'audition' at Surge Trader on a virtual account of 100K. If I pass - that means hitting a profit of 10K - I get to trade 100K, again, not my money.Surge Trader get great reviews online and you can get 90% Profit Split once you're trading one of the their funds.Use my 10% Discount Coupon ATL10off for your 'audition'. Just click the link to get started:https://www.surgetrader.com/?afmc=vd Once you pass the audition, you have access to funded accounts from $25,000 and upwards. ==Re-wire your mindset for better trading results and less anxietyLouise Nonweiler is a Multi Award-Winning Clinical Hypnotherapist and Life Coach. Her mission: to help traders shift their mindsets so they become confident profitable and successful. If you’re going through a bad patch trading right now, I highly recommend you visit her website, where you’ll find information about her courses. It may be time to reset your mindset. With Louise’s help you can achieve that. Improve your trading life <==Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.

Oct 11, 2022 • 2min
Trailer to Episode 66 | Jason Shapiro - 'The Contrarian Trader'
This is a clip from my recent get-together with Jason Shapiro, 'The Contrarian Trader' featured in Jack Shwager’s book, Unknown Market Wizards. Jason trades futures. He trades for himself and for clients, and as you just heard - assuming you ran the clip - he’s learned to be very wary of high leverage. Listen to the full conversation on episode 66. Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.