096: Nico, @InefficientMrkt – An Eight Year Overnight Success Story, and a Thirst for Momentum

Chat With Traders

Tessa Dao

Education, Business, Investing

4.9 • 2.3K Ratings

🗓️ 27 October 2016

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Nico (@InefficientMrkt on Twitter) is a day trader with a thirst for momentum. He predominately trades low-priced stocks that have a tendency to move fast and far—and roughly 90% of his positions are on the short side. But the main reason why I brought Nico onto the podcast, is I feel as though he has a story which many traders will be able to relate to, on one level or another… The short of it is; Nico placed his first trade in 2007, made 4x on his starting capital year one, and then slowly bleed his trading account for the next seven years. He’s now found his groove, but his overnight success was eight years in the making. This episode is very much centered around Nico’s journey and development as a trader, and how full-time trading became more than a pipe dream. -- Sponsored by Darwinex.com: Each month, Darwinex invest €1,500,000 with their top performing traders! Learn more about Darwinex here. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Chat with traders is brought to you by Trade the Pool.
0:03.6	Is a lack of buying power, capital, or fear of losing your own money, preventing you from
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0:20.8	You can trade any stock or ETF in the US markets.
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0:35.7	Chat with traders is also brought to you by the Chat with traders' community.
0:39.5	We'll keep this announcement short.
0:41.2	We just want you to visit chatwithtraders.com-community to learn more about what our community is all about.
0:47.5	Thank you, and we wish you all the best in your trading journey.
0:54.1	The market's speculation and risk.
0:56.9	This is the Chat with traders' podcast hosted by Aaron Faefield.
1:02.7	Welcome.
1:03.7	What's up?
1:04.7	He doing.
1:05.7	Welcome to episode 25, folks.
1:07.7	I'm pleased you could be here and let me briefly introduce my guest.
1:11.7	Then we'll jump right into the interview.
1:14.7	So this week I spoke with Nico, who asked me to keep his last name private,
	...

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