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A TRADER'S LIFE
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A TRADER'S LIFE

Author: Nicholas Penrake

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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.

189 Episodes
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What if you could trade the markets in just 30 minutes a day — using AI? Nice idea, but is it even possible? On this episode I talk to Adam Harris, a former City trader turned mentor. He runs a mentorship program - The Forex Masterclass - that blends old-school market know-how with cutting-edge tech. For this episode he talks to me about how he got to where he is today as well as providing us with an overview of how he combines discretionary trading with signals and patterns produced by AI.&n...
Chris Vermeulen has been trading since he was at high school. Today he runs a newsletter that offers his technical analysis on what the markets are telling him. He also runs a real estate business and, recently, he’s stepped in as an executive producer on a family movie. You may have seen him in a suit and tie in a number of news programs talking about trading. I said we don’t do suits on my show, so today here he is the way he is at home. Enjoy the conversation. == If...
As a trader, you have to be able to keep a check on your emotions, no matter what the state of play. Like air traffic controller, a sniper. Life or death. My next guest on A Trader’s Life is no stranger to extreme pressure in trading. He’s been trading since the eighties when charts were typically worked up with a pencil and paper. When he was diagnosed with arthritis as a young man, he knew he’d have to work on his mindset if he was to cope with the kinds of stressful sit...
Previously a lawyer, now a full time trader, Pablo Fdez Escarzaga from Spain told me he spent his first two years trading the markets "going nowhere". Then, quite by chance, he came across Alla Peters Plocher’s Fibonacci Trading Institute and, within a few months of applying her strategy, his trading improved. Massively. Today he typically makes 10% a week trading her method on a range of assets, from Futures to options. Pablo is the fourth person I’ve spoken to who signed up to ...
If you’ve been trading a while, it’s probably safe to assume you’ve come across the Fibonacci retracement and extension tools. And perhaps you’ve also come across a few traders on YouTube who show you how to use these tools. But unless you’ve already joined the Fibonacci Trading Institute, you won’t have come across the Fibonacci tools and strategies as created by Alla Peters Plocher. This, to me, is another dimension altogether. Alla has been fascinated by numbers and patterns in music...
If you’ve been trading a while, it’s probably safe to assume you’ve come across the Fibonacci retracement and extension tools. And perhaps you’ve also come across a few traders on YouTube who show you how to use these tools. But unless you’ve already joined the Fibonacci Trading Institute, you won’t have come across the Fibonacci tools and strategies as created by Alla Peters Plocher. This, to me, is another dimension altogether. Alla has been fascinated by numbers and patterns in music...
How do you deal with bad days, the slow days trading? Who do you talk to? The cat, the dog, your reflection? Sometimes there’s no one around. You’re there on your own looking at red numbers getting bigger and bigger. Not every day, we hope, but it can happen. And when it does, it can be a lonely experience. Even if someone’s at home, who wants to listen to you groaning about a trade you missed, some heavy drawdown you can’t face losing? My next guest is a veteran trader - C...
Many traders like the fast action of a one-minute chart. Only a few who do can trade it consistently. Daniel Munday prefers the higher timeframes. It doesn’t surprise me, because everything about his demeanour exudes patience and humility - a far cry from the picture of raving traders in the land of Wolf on Wall Street. It’s only fitting perhaps that Daniel not only prefers trading the higher timeframes, he also enjoys mentoring other traders. Here we are in his spotless apartment in So...
A lot has been said about mindset when it comes to trading. Which rather suggests it’s easier said than done. We all know revenge trading is bad, patience is good. Panic is bad, composure is good. And so on. But how do we achieve and maintain a calm state of mind, so we trade at our best? On this episode I talk to a former trader, who for the last 18 years has been helping traders and other professionals get out of their own way and perform better in their chosen arena. Here we go, del...
A lot has been said about mindset when it comes to trading. Which rather suggests it’s easier said than done. We all know revenge trading is bad, patience is good. Panic is bad, composure is good. And so on. But how do we achieve and maintain a calm state of mind, so we trade at our best? On this episode I talk to a former trader, who for the last 18 years has been helping traders and other professionals get out of their own way and perform better in their chosen arena. Here we go, del...
So we’re all pretty familiar with terms like head and shoulders, double bottom and double top. But are you familiar with these more esoteric patterns like bearish butterfly and tapering wedge? My next guest Ian Coleman lives and breathes this stuff. He often posts his marked up charts on Linkedin and I’ll often sit there studying them as if I were in a gallery before an arresting landscape. Ian’s been in the trading game for donkey’s years. The past 15 years, he’s been trading on his ow...
I think most of us who have been trading even a year can agree that managing risk is more than half the battle when it comes to making consistent returns in the markets. That was va clip from my conversation with veteran trader Ian Coleman. Ian mostly trades forex, occasionally the indices. In this episode we talk about the kinds of patterns and correlations he looks for. Why he prefers swing trading to intraday and his own quiet obsession with the markets. Check out the full episode on...
So you know about Ukraine, you know about Gaza, but did you know there’s an even bigger war raging in Africa? At least in terms of death toll. i'm referring to the war in the Congo. Even though millions have died and many thousands are still dying, it’s a conflict that's hardly reported. My guest for this episode is a man who set out to make a film about what’s been going on, and in so doing put an assassin’s mark on his back. Kim Yew, filmmaker and trader, talks to me about film...
So you know about Ukraine, you know about Gaza, but did you know there’s an even bigger war raging in Africa? At least in terms of death toll. i'm referring to the war in the Congo. Even though millions have died and many thousands are still dying, it’s a conflict that's hardly reported. My guest for this episode is a man who set out to make a film about what’s been going on, and in so doing put an assassin’s mark on his back. Kim Yew, filmmaker and trader, talks to me about film...
Shoot for the skies as a day trader or bypass leverage altogether and aim for a 10% return investing in stocks? Writer and investor, Will Nutting, prefers the latter. For one thing, it gives him more time to travel around the world exploring investing possibilities of ten overlooked by the mainstream. Will runs a successful fund, also Nuttstuff, a newsletter which he describes as ‘No nonsense, common sense, stock ideas and conclusions.’ Support the show Subscribe to A Trad...
We can probably all agree trading has some bad connotations. Gambling and scam being the two words that readily spring to mind. My next guest is first and foremost an entrepreneur in online education. He’s not in fact a trader. But he passionately hates gambling and wanted to introduce some fresh transparency and genuine education to the trading world. So, a few years ago, Zack van Niekerk teamed up with a man who does trade and together they created The Trading Cafe and The Trading A...
We can probably all agree trading has some bad connotations. Gambling and scam being the two words that readily spring to mind. My next guest is first and foremost an entrepreneur in online education. He’s not in fact a trader. But he passionately hates gambling and wanted to introduce some fresh transparency and genuine education to the trading world. So, a few years ago, Zack van Niekerk teamed up with a man who does trade and together they created The Trading Cafe and The Tradi...
It’s pretty rare I come across women who trade, but when I do, they are very often my most interesting guests. My next guest is no exception. Not only is Alla Peters Plocher an exceptionally gifted trader, but in my view at least, an extraordinary person all round. I could go on, but now you’re here, I really want to get out of the way and let Alla tell you about her life in her own words. If you love amazing stories, you’re in for a treat. == Links to find out more about Alla and her ...
It’s pretty rare I come across women who trade, but when I do, they are very often my most interesting guests. My next guest is no exception. Not only is Alla Peters Plocher an exceptionally gifted trader, but in my view at least, an extraordinary person all round. I could go on, but now you’re here, I really want to get out of the way and let Alla tell you about her life in her own words. If you love amazing stories, you’re in for a treat. Support the show Subscribe to A Trade...
It’s pretty rare I come across women who trade, but when I do, they are very often my most interesting guests. My next guest is no exception. Not only is Alla Peters Plocher an exceptionally gifted trader, but in my view at least, an extraordinary person all round. I could go on, but now you’re here, I really want to get out of the way and let Alla tell you about her life in her own words. If you love amazing stories, you’re in for a treat. Support the show Subscribe to A Trade...
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