Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders 413: The Reality of Profitable Full-Time Trading - Brent Penfold
Jul 31, 2023
51:06
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.
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)
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- Desire To TRADE Academy
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What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!