Making Markets
Episode 3 UFC Fighter turned Trader
Making Markets

Episode 3: UFC Fighter turned Trader

Making Markets

Episode 3

UFC Fighter turned Trader

Nik Lentz is a UFC fighter turned derivatives trader. We cover his journey from a difficult childhood to the UFC and then to finance, his methods for risk management and position sizing, and his philosophy on parenting and life.

(00:01:39) - (First Question) - Nik’s childhood and how he got into ultimate fighting

(00:08:54) - Nik’s mentality when in the cage fighting

(00:10:37) - Links between traumatic childhood and becoming a UFC fighter

(00:11:48) - How Nik feels about his children potentially fighting in the future

(00:13:29) - Nik’s earliest UFC fights and the importance of storytelling in the sport

(00:21:35) - Insecurity and work ethic, getting the balance right to be able to perform at the top

(00:26:35) - The relationship between drive and motivation and the kind of upbringing you have

(00:28:52) - How Nik got into finance and his first moves in the market 

(00:33:00) - Nik’s development of his own investment process and how he manages risk

(00:36:00) - Determining position sizes, when to get in, when to get out. The ratio between Nik’s low-risk trades versus his big swings

(00:38:16) - The similarities between gambling and investing, Nik’s opinion on the apparent lack of differentiation 

(00:40:19) - Nik’s advice to young people looking to get started in investing

(00:41:32) - Comparing the ups and downs of UFC fighting versus trading in the markets

(00:43:32) - The process of walking away from fighting and whether Nik thinks he will ever walk away from investing

 

UFC Fighter turned Trader

Introduction

Eric
Hello, everyone. I'm Eric Golden, and welcome to Making Markets. This show explores the psychology and structure that make up markets all over the world. Each week, we speak to experts about a different market, so you can see what actually happens when money changes hands.

From mainstream stock and bond markets to esoteric niches like vineyards, antique art and crypto, we explained the transactions that underpin our economy. Making Markets is part of the Colossus family of podcasts. And you can find all our broadcasts, including edited transcripts, show notes and other resources at joincolossus.com.

Eric
This is Eric Golden. And my guest today is Nik “The Carny” Lentz. It's not every day you talk to a UFC fighter-turn trader. And this conversation is both intense and insightful. We start by talking about Nik's journey from a difficult childhood to a UFC career and his philosophy on fighting, parenting and life.

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