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Talking With a Trader in Norway | STR 020

Today we speak with a Viking. Yes, you read that right… a Viking! Our guest, “Norse”, comes to us all the way from across the Atlantic Ocean in Norway. The interview and insight into this trader’s journey is one I’m confident can provide inspiration via the many moments he jokes about having experienced. Buying when he should have been selling, selling when he should have been buying and many other amateur mistakes. Despite the pitfalls, Norse is now a full time trader mainly focusing in the Forex markets. He started in penny stocks, so how did he end up trading currencies full time? Listen and find out!

Notes:

• Norse competed in the Norwegian Stock Trading Championship and this coincided with the booming penny stock marijuana bubble.
• He realized that with technical knowledge of charts, you are much more capable of making modest gains more often instead of always going for home runs in penny stocks.
• Norse became interested in the forex markets based on the recommendation from a friend. He is now trading full time and his success can be attributed to treating this as a business. He has set hours and hard data to look back on and ensure he is doing what is in his best interest to profit over the long term.

Quotes:

• “I just went in and bought because I was going to be rich from this no matter what. I didn’t care. I just bought.” tweet this quote
• “Clay used fibs in one of his videos. That to me was like black magic and I thought I have to learn this. You can have an edge.” tweet this quote
• “Forex was a whole new environment. A chart is a chart but I treated it like it was something else.” tweet this quote
• “I took my losses personally. I was partially educated, I had a strategy, and couldn’t figure out how I could lose.” tweet this quote
• “Be more patient. Let the trade come to you. You can’t chase price because price will whip you in the face.” tweet this quote

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