182: Nico, @InefficientMrkt – An Eight Year Overnight Success Story: Three Years Later

Chat With Traders

Tessa Dao

Education, Business, Investing

4.9 • 2.3K Ratings

🗓️ 30 October 2019

⏱️ 77 minutes

🔗️ Recording | iTunes | RSS

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Summary

Nico, who goes by @InefficientMrkt on Twitter, is an intraday equities trader. His area of expertise lies in low float, micro cap stocks, near-exclusively playing the short side of overextended moves. Nico and I spoke almost exactly 3 years ago on episode 96—which was memorably titled, "An 8-year overnight success story." Now picking up where we left off, we discuss what's been happening as of late... The most notable development being; after many years trading retail, Nico has gone into proprietary trading with Seven Points Capital. Going one step further, he has also established and heads up the firms' San Diego office. During the second half of this episode (from 40:20), I ask Nico to share how he's evolved as a trader in recent years—or more specifically; what has changed, what remains the same and what's been fine tuned. 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
0:08.8	taking your trading to the next level?
0:11.0	Trade the Pool is an online stock trading prop firm that funds stock traders.
0:16.3	You show them your skills, trade their capital, and keep your profits.
0:20.8	You can trade any stock or ETF in the US markets.
0:23.5	The process is simple.
0:24.8	Pay for an evaluation fee, pass the evaluation, and get funded.
0:29.0	Visit tradethepool.com-forge-chat to learn more.
0:35.7	Discover Tasty Trade, a high-performance online trading platform.
0:40.1	Experience speed, reliability, and security while trading stocks, options, futures, and cryptocurrencies
0:46.0	on desktop, web, or mobile.
0:48.1	Empower yourself with exceptional tools and resources to confidently seize opportunities.
0:53.6	Visit TastyTrade.com-cwt.
0:57.7	TastyTrade, previously known as TastyWorks, is a registered broker-dealer and member of
1:02.8	FINRA, NFA, and SIPC.
1:09.6	Markets, speculation, and risk.
1:12.5	This is the Chat with traders podcast hosted by Aaron Feifield.
1:18.1	Welcome everybody.
1:19.6	This is episode 182 of Chat with traders.
1:24.4	Joining me is returning guest, Nico, who goes by the handle of at inefficient MRKT on Twitter.
1:33.1	Nico is an intraday equities trader and has been for about 12 years now.
	...

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