This interview podcast features Aaron Fifield interviewing Nick Radge, a trend-following trader with nearly 30 years of experience. The conversation begins with Radge's early experiences in the market and his initial setbacks, followed by a detailed explanation of his trend-following trading style, using the analogy of hitchhiking to illustrate his approach of identifying and riding market trends. Radge emphasizes the importance of quantitative (rules-based) and qualitative (intuitive, experience-based) aspects of trading, highlighting the need for patience and understanding that even successful traders experience losing periods. He advises aspiring traders to understand *why* their strategies work and to diversify their approach rather than abandoning strategies during downturns. A key takeaway is Radge's emphasis on minimizing commission costs and the importance of understanding the long-term nature of successful trading.
