In this episode of Better System Trader, host Andrew Swanscott celebrates the podcast's 100th episode and announces the winner of the giveaway, Peter Conomos. He also mentions a small prize for all participants and discusses the high demand for the System Trading Unleashed course and the Breakout Strategies Masterclass. The main segment features an interview with Brent Penfold, a seasoned trader specializing in global index, currency, and commodity futures. Penfold shares his background, emphasizing his preference for futures trading due to its liquidity and lack of short-selling restrictions. He details his price-focused trading approach, which relies on identifying patterns in daily bars and multiple timeframes, and explains how he avoids data mining by testing ideas across a universal data set. Penfold also discusses diversification strategies across markets, timeframes, and trading styles (trend-following and mean reversion) and shares his philosophy on risk management. He explains why he publishes his real-time trading results to promote transparency in the trading education industry and stresses the importance of managing losses.
Sign in to continue reading, translating and more.
Continue
