The Reality of Profitable Full-Time Trading – Brent Penfold

In episode 413 of the Desire To Trade Podcast, we will be listening to the recording of an interview with Brent Penfold, discussing the reality of profitable full-time trading. Are you on the verge of losing capital? You're about to hear the best advice about risk management and full-time trading.

The video is also available for you to watch on YouTube.

>> Watch the video recording!

Topics Covered In This Episode

• [00:15] Introduction
• [00:56] What's new about Brent?
• [04:39] How to avoid making your drawdown worse
• [09:27] Brent's advice for beginner traders on minimizing losses
• [15:30] Evidence-based trading
• [21:15] On strategies that don't perform as expected
• [26:18] Learning to trade multiple systems
• [35:44] Taking discretion off of trading
• [37:53] Looking at a 10-year period in the market (video link above)
• [42:29] Euro example (must watch – video link above)
• [48:55] Where to find Brent Penfold (book links below)
• and much more

What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group!

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:
  • EightCap (preferred Crypto and FX Broker)
  • AxiTrader (use our link to get a special bonus)
• Desire To TRADE Academy

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How To Find Brent Penfold?

Brent's books:

• The Universal Principles Of Successful Trading
• The Universal Principles Of Successful Trend Trading

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