A TRADER'S LIFE
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.
A TRADER'S LIFE
Clive Arneil - trading at the sharp end for half a lifetime
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 - Clive Arneil. Clive makes it his business to teach and support all kinds of retail traders, from beginners to seasoned pros. He takes some pride in running an online trading room called At The Sharp End.
Good humoured, down to earth, with oodles of experience, Clive is genuinely eager to help other traders.
==
A unique trading strategy with a very high win rate
You've probably heard of Fibonacci, and you may already be using the Fibonacci tool you find on TradingView as part of your trading stratregy.
Until about a year ago, I thought these tools were the last on the subject of Finoacci sequences. Then I met trader and investor All Peters-Plocher and talked to the people using her proprietary Fibonacci tool and strategy.
To date, I have met five of Alla's students, and they all said joining Alla's courses was the best investment they ever made.
One of the guys I spoke to said he'd been struggling for about 10 years before he joined one of Alla's courses, and once he got going, he was consistently profitable. He just bought a house in Arizona with the money he's made since he joined.
Like me, he's a filmmaker. One of things he loves about her system is that he spends only a few minutes a day checking trades, and can focus on his filmmaking projects.
I also met Alla herself when she was over in London, early in 2024. She even took me to lunch - at Claridges! - with her husband and two other 'student' traders.
I believe she genuinely cares about the traders who sign up to her programs. More than that - she's on a mission to help traders of all abilities.
It's very rare I send out affiliate links, not least because I have to have complete faith in the person and his or her coaching or product before I do - but down below you'll find some links to her courses.
Transform your trading performance
If this is a good time for you to join one of Alla's program, and you found this podcast episode useful in helping you come to that decision, I'd really appreciate it if you were to sign up via one of the links below - it would be extra cost to you but would help me cover some of the costs of running this podcast and enable me to do more ambitious episodes, both audio and video, in the future.
If you'd like to talk to me in person about Alla's courses, feel free to reach out on email - nic.penrake@gmail.com - and we can arrange to have a chat over Zoom or WhatsApp, whichever you prefer.
Links to explore:
Fibonacci Trading Institute - https://jn521.isrefer.com/go/fibinstitute/Penrake/
Group Mentoring for Any Platform -
Subscribe to A Trader's Life <<
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.
Link up with me on Li.