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
May 13, 2022 • 2min
Trailer to Episode 60 | Norman Hallet - The Disciplined Trader
Norman Hallet's been trading for decades and he now teaches it to traders of all levels. He has a special interest in the psychological and emotional game that makes up most of what we do when it comes to pressing the buy button or sell button. This is a longer episode than usual, but I think by the end of it you’ll be asking yourself, how can I tweak my own neural pathways to become a better, more consistent trader. Norman's website: The Disciplined TraderSupport the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.
May 3, 2022 • 1h 3min
Episode 59 | Derrick Oldensmith - senior prop trader
My next guest is trader Derrick Oldensmith from the United States. Derrick has been fascinated by the financial markets since we was a kid. He now manages a large team of traders at prop firm T3 Trading. As Derrick joined me online today he cheerfully admitted to being heavily down for the day. Of course all sums are relative in the trading game, but the energy with which Derrick throws himself into this conversation is of itself evidence of a very resilient mindset. His combination of humility and conviction struck me as a winning formula for navigating the choppiest of waters. Go-to linksMaxVitality’s Chocolate Merlin drink is a chocolate formula that is packed with highly effective adaptogenic herbs. It can be mixed into your coffee or made into a tasty smoothie. My kids and I have been using MaxVitality products for the past 2 years now and I highly recommend you check out what they have. Become a patron of the podcast. Thanks!Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.
May 3, 2022 • 1min
Trailer to Episode 59 | Derrick Oldensmith - senior prop trader
This is a clip from my episode with trader Derrick Oldensmith from the United States. Derrick has been fascinated by the financial markets since we was a kid. He now manages a large team of traders at prop firm T3 Trading. As Derrick joined me online today he cheerfully admitted to being heavily down for the day. Of course all sums are relative in the trading game, but the energy with which Derrick throws himself into this conversation is of itself evidence of a very resilient mindset. His combination of humility and conviction struck me as a winning formula for navigating the choppiest of waters. Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.
Apr 20, 2022 • 42min
Episode 58 | Peter Pirnbacher - stocks trader
My next guest is Peter Pirnbacher, a stock trader from Austria. I found one of the most interesting things to come out of our conversation was Peter’s systematic approach to attaining a consistent return on his trading, while scaling back his time in front of the computer screen. Become a funded traderUse 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 funded accounts from $25,000 and upwards.Support the showPlease follow A Trader's Life on Twitter. And if you're a trader with some stories you'd like to share and you'd like to be on the how, don't hesitate to reach out: nic.penrake@gmail.com.Become a patron of the podcast. Thanks!Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.
Apr 20, 2022 • 1min
Trailer to Episode 58 | Peter Pirnbacher - stocks trader
For trader Peter Pirnbacher, trading has always been a means of carving out more free time away from a computer screen while still providing a decent income. So he came up with a system that now brings him a return of over 15% a year. Listen to the rest of our conversation, Episode 58 of A Trader’s Life, to find out how he did that.Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.
Apr 8, 2022 • 45min
Episode 57 | Moritz Ansgar Kuhn - stocks trader
My next guest is Moritz Ansgar Kuhn, a stock trader from Germany. What struck me first about Moritz was just how fit he looked. It didn’t surprise me to hear he’s passionate about sport. In fact, one of the things he loves about trading is that it frees up his time so he can keep fit. Like a lot of sports fanatics, he’s big on hard work, discipline and perseverance and believes in applying those same qualities to his trading. We got together in April 2022. ==Looking for a way of making passive income by taking a stake in the crypto space that doesn’t require you to trade crypto.?Check out Yieldnodes. These guys provide cutting edge services to the blockchain network, such as maintaining e-wallets and the like.It’s 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.
Apr 8, 2022 • 1min
Trailer to Episode 57 | Moritz Ansgar Kuhn - stocks trader
This is a clip from my chat with stocks trader Moritz Ansgar Kuhn. Moritz is big on knowing yourself, improving yourself and carving out free time to spend it with his family. We got together in April 2022. Listen to the rest of our conversation, Episode 57.Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.
Mar 11, 2022 • 2min
Trailer to Episode 56 | Boris Schlossberg - 1-minute trader
This is a clip from my chat with trader Boris Schlosberg. I think it stands as one of the best and most honest quotes I’ve recorded on the show, summing up the challenge of the committed trader. He's an expert scalper based out of New Jersey, USA. We had a lively chat, so listen to the rest. Episode 56 of A Trader’s Life.Support the showSubscribe to A Trader's Life <<A Trader's Life on Twitter. Link up with me on Li.
Mar 11, 2022 • 48min
Episode 56 | Boris Schlossberg - 1-minute trader
My next guest was born in Moscow and grew up in the United States. His career on Wall Street began over two decades ago with Drexel Burhnam Lambert. Today, Boris Schlossberg heads up his own company. Managing BKForex.com. He has traded pretty much every kind of instrument you care to think of. Over the years he’ come to realise he’s – quote unquote – an adrenaline junky and best suited to trading fast moving instruments like indices on one-minute charts. We got together as the world was still reeling from the first two weeks of war between his former homeland and Ukraine. This was a lively conversation dotted with some sharp inights. ==Looking for a way of making passive income by taking a stake in the crypto space that doesn’t require you to trade crypto.?Check out Yieldnodes. These guys provide cutting edge services to the blockchain network, such as maintaining e-wallets and the like.It’s 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.
Feb 7, 2022 • 54min
Episode 55 | Kenny Glick - VWAP trader
From stand-up comedian to broker to professional trader – that’s been the career path of my next guest, Kenny Glick. As it happens, Kenny still does a stand-up routine, it’s just that he does it from his home office and for the benefit of his trading students, or VWAPians, as he calls them. The first time I came across Kenny talking on one of his live shows giving a demonstration of how he uses the volume waited price average indicator, I had a stupid grin on my face for the duration. But he’s no joke when it comes to getting results. So, stick around. This is a fun episode. --Looking for a way of making passive income by taking a stake in the crypto space that doesn’t require you to trade crypto.?Check out Yieldnodes. These guys provide cutting edge services to the blockchain network, such as maintaining e-wallets and the like.It’s 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.
