Nick started trading in 1985, while working in the Stock broking industry, after seeing a colleague plotting a 5 and 10 day Moving Average on a chart. He opened his first stock futures trading account when he was 18 and has been trading ever since. Nick has worked for numerous international investment banks – from the trading floor of the Sydney Futures Exchange to International Desks in London and Singapore.
Nick now lives in Noosa, Australia and is a keen fisherman who runs a stock market advisory service called “The Chartist” and also does high level mentoring for people who want to build and design their own trading systems.
In the show Nick shares:
- What makes a trading system robust
- How he diversifies his risk using 3 factors
- Two red flags to look out for when assessing strategies
- How commission drag works and how to fix it