Here we are, episode 63 and I have another brilliant (and very experienced) guest lined up for you this week.
Her name is Nicola Duke, or @NicTrades on Twitter. She’s a professional swing trader from the UK, actively tracking 36 futures and forex markets – who takes a technical and systematic approach to trading.
Some of the highlights from our conversation…
Hearing about how Nicola’s typical trading day used to start 1:30am, learning that her mentor never showed her a single setup, the concept of preserving ‘mental capital’, and insight to how she trades with a systematic approach.
You may also like to know, Nicola is open to answering any questions you might have, so if there’s something you’d like to ask leave a comment at the bottom of this page.
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Lessons learnt in this interview:
- Nicola walks us through her first year trading; how she went from “Queen of Sim” to losing $10k in one month, got the attention of a mentor, and ended the year flat.
- Hustle and determination – Nicola shares how her typical trading day used to start at 1:30am, and this is while she was also running her own air charter company.
- An intro to the concept of preserving ‘mental capital’. Plus a reminder not go crazy celebrating winners, and on the other hand, not to beat yourself up over losers.
- How Nicola analyses 36 markets weekly and selects which ones may provide the greatest trading opportunities, using technicals and areas of confluence.
- Why Nicola adapted a systematic approach to entering, managing and exiting trades. And a guide to the types of rules that form the basis of her system.
- The qualities that make a good trader and why most traders never succeed – insight to the mental obstacles about losing and making money.
Links and resources mentioned:
- Victor Sperandeo – Here’s a link to four of Victor’s books available on Amazon, he’s the trader (and Market Wizard) Nicola mentioned during the interview.
- Peter Brandt – Listen to an interview with Peter Brandt, who Nicola referenced as “no one better” when it comes to classical charting patterns.
- CQG – This is one platform Nicola uses which she particularity likes for charting.
- X_Trader – Nicola also relies on the X_Trader platform by Trading Technologies.
- @NicTrades – Here is Nicola’s Twitter handle, go and follow her!
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