260 “These Principles Can Make Any Trader Successful” – Brent Penfold

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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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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!