Brent Penfold: The Universal Principles Of Successful Trading

In episode 77 of the Desire To Trade Podcast, I interview Brent Penfold, a futures trader based in Sidney, Australia.

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 9:30am and has the rest of the day to concentrate on his research.

I personally found out about Brent as I came across his book The Universal Principles Of Successful Trading, which I’d highly recommend.

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The best loser is the long-term winner. Embrace that! - Brent PenfoldCLICK TO TWEETUnderstand the risk of ruin, make it 0% & learn to be the best loser. - Brent PenfoldCLICK TO TWEET

In This Episode, You’ll Learn…

• What are the universal principles of successful trading
• What’s the principle of maximum adversity.
• The single best measure you need to calculate about your trading.
• The common sayings in trading that aren’t true.
• Brent’s opinion on discretionary trading.
• Brent’s simple trading routine (to be done by 9:30am).
• Why you must step away from the screen.
• Why you need to stop researching for strategies.
• 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!

Brent Penfold’s Books

The Universal Principles of Successful Trading: Essential Knowledge for All Traders in All Markets

Trading the SPI: A Guide to Trading Index Futures in Australia

DesireToTRADE’s Top Resources

• DesireToTRADE Forex Trader Community (free group!)
• Complete Price Action Strategy Checklist
• One-Page Trading Plan (free template)
• DesireToTRADE Academy

How To Find Brent Penfold?

• Index Trader

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