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Creating A Winning Trading Strategy (Ultimate Process!)
In episode 340 of the Desire To Trade Podcast, Etienne sits down with Brent Penfold to discuss his process for creating a winning trading strategy in any market (Forex, stocks, futures, crypto, etc.). You'll find out how to create a profitable trading strategy like a pro!
Let's get started!!!
Listen to Brent Penfold's previous interview (2020)
Watch the video interview here
In This Episode, You'll Learn…
- [0:15] Introduction
- [0:39] Brent talks about his new book “The Universal Tactics of Successful Trend Trading”
- [2:50] How does Brent recommends traders to start learning
- [6:10] How can you use Risk of Ruin in your trading
- [14:43] How to develop a profitable strategy, step by step
- [25:14] The 2 keys of a profitable strategy
- [25:38] How to measure strategy robustness
- [30:16] Why Brent looks to trade the same in all markets
- [32:15] The 3rs step of a profitable strategy (sensitivity analysis)
- [37:38] Last step before trading a strategy live (test procedure)
- [39:18] Recap: How to build a profitable trading strategy
- [40:46] Should you trade discretionary or code all your strategies
- [44:48] Where to find Brent Penfold
- 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!
DesireToTRADE's Top Resources
- DesireToTRADE Forex Trader Community (free group!)
- Complete Price Action Strategy Checklist
- One-Page Trading Plan (free template)
- Recommended brokers:
- Desire To TRADE Academy
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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!
