In episode 471 of the Desire To Trade Podcast, we will be listening to the recording of an interview with the $3M profitable trader at 23 years old, TraderNick. It may sound counterproductive but there’s a good reason why you need to learn the importance of going slow and managing risk, rather than focusing on big gains.
The video is also available for you to watch on YouTube.
>> Watch the video recording!
Topics Covered In This Episode
- 00:00 Introduction
- 00:49 What’s new with TraderNick
- 02:30 The learning journey in trading
- 03:34 Using fundamental and technical analysis
- 06:29 What to look for when you trade
- 09:49 Navigating conflicting fundamental views
- 12:45 Trailing stop losses and risk management
- 15:21 How did he grow his capital?
- 18:36 The importance of slow and steady returns
- 20:43 Testing and backtesting to find an edge
- 24:10 Surviving drawdown for trading profitability
- 29:17 Profitable trader’s lifestyle
- 30:05 Choosing multiple sources of income
- 31:17 Finding a good trading teacher or mentor
- 33:25 TraderNick’s routine
- 34:37 Connecting with TraderNick
- and much more
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What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!
