Rogue Trader Podcast

Rogue Trader Podcast - E023 - Nick Leeson on the Wildest Market in Years


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Gold is on fire — up more than 55% this year and breaking new records almost daily.

But behind the headlines lies a market so volatile it’s shaking even the pros. In this episode of The Rogue Trader Podcast, Nick and Jason break down the chaos in gold — $100 daily swings, blown stops, and how to survive (or profit) when every candle looks like a crash or a moonshot.


They also touch on Bitcoin’s messy consolidation, Trump’s tariff talk, and why sometimes the smartest move is to sit on your hands.

Timestamps:00:00 – Gold’s incredible rally and record highs

01:00 – Nick’s struggle trading gold’s wild swings

03:00 – Jason on why gold now moves like an index

05:00 – Surviving the volatility: stops, sizing, and strategy

07:00 – How big gold moves distort normal trading setups

08:30 – “Sit on your hands”: patience in chaotic markets

09:00 – Trump’s tariffs, Bitcoin reaction, and key levels

10:30 – Bitcoin’s sideways range and 200-day MA bounce

11:30 – Nick’s golden Christmas story (literally)


Subscribe for more real-world market talk — no hype, no BS, just raw trading insight from the man who brought down Barings Bank.


📊 Follow Jason SenTelegram: t.me/daytradeideasWebsite: daytradeideas.co.ukTwitter/X: x.com/DayTradeIdeasLinkedIn: linkedin.com/in/jason-sen-46b5186

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Rogue Trader PodcastBy Nick Leeson