Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders

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


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"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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>> 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
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How To Find Brent Penfold?
  • 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!

 

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Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful TradersBy Etienne Crete

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