Why Preserving Your Mental Capital is Key to Successfully Trading Futures – An Interview with Nicola Duke
Nicola Duke is a very experienced professional swing trader from the UK. She takes a technical and systemic approach to trading, and actively tracks 36 forex and futures markets. She’s very open to sharing her approaches, including what her typical trading day looks like, and the systemic approach she takes to trading. She had to learn a lot of this herself, even when she had a mentor.
If you have questions for her, follow her Twitter account or on StockTwits, where she reveals some of her trades. She’s extremely approachable, so don’t be afraid to ask her anything, related to trading of course.
What’s covered in this interview:
- What her typical trading day looked like when she also ran her air charter company (hint: she started her day at 1:30 a.m.)
- What it was like during her first year of trading and how the “Queen of Sim” lost $10,000 in a month, to finding a mentor and ending the year flat
- What preserving your “mental capital” really means, and why it’s so important
- The exact systems and rules Nicola uses in all of her trades
- Why she believes most traders never succeed, and the mental blocks you need to get rid of
- How Nicola spots the greatest opportunities from 36 markets weekly
Links and Resources:
- Victor Sperandeo – He’s the trader (and market wizard) Nicola mentioned during the interview. This is a link to some of his books.
- Peter Brandt – Nicola refers to him as “no one better” when it comes to classical charting patterns.
- CQG – A platform Nicola uses, particularly for charting.
- X_Trader – This is the platform Nicola also relies on
- @NicTrades – Here is Nicola’s Twitter handle
