"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, apart from trading over 30 markets across 8 market sectors covering commodities, indices, and currency futures Brent is an advisor to wholesale clients. 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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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
Desire To Trade's Top Resources
About The Desire To Trade Podcast
How To Find Brent Penfold?
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!
