260 "These Principles Can Make Any Trader Successful" - Brent Penfold

These Principles Can Make Any Trader Successful

In episode 260 of the Desire To Trade Podcast, I sit down for a trader interview with full-time systematic trader Brent Penfold.

Brent began trading when he joined Bank America as a trainee dealer in December 1983. It didn't take much time for him to become fascinated with the markets.

These days, Brent is a licensed Futures Adviser, specializing in trading index and currency futures, but also trades a diversified portfolio of 16 markets across 8 market sectors. What's most interesting about his trading style is that he is usually done trading by 9:30 am and has the rest of the day to concentrate on his research.

Watch: Previous interview with Brent Penfold

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>> Watch the video recording!

In This Episode, You'll Learn... What has happened in Bent's life since his last interview 00:40 What Brent's new book brings to the table to help traders improve 03:10 How Brent managed to make his trading in a way that gives him freedom 06:11 What would Brent recommend traders who want to become more systematic 08:11 How much evidence does a trader require to trade a systematic strategy 11:46 How to handle ideas that don't work and find what works 17:58 The importance of knowing your Risk of Ruin 19:42 Why a small % risk of ruin can be a big issue for traders 24:40 What it takes to become a good loser in trading 25:10 What is a key principle of trading that is rarely talked about - Humility - 27:32 "The worst thing that can happen to a trader is instant success" 30:02 Where to find Brent Penfold 31:29 And much more!

What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!

Resources Mentioned The Universal Principles Of Successful Trading book (recommended) Desire To Trade's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: Pepperstone (get rebates when signing up with our partners) AxiTrader (use our link to get a special bonus) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes How To Find Andrew Mitchem? Website

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!