101: Trading price patterns with Brent Penfold

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.