Brent Penfold is a private trader first and foremost. He has:
i) a
web site,
ii) a daily advisory
newsletter,
iii) simple
mechanical models, and
iv) real time results
shownto help those individuals who are looking for what actually works in trading index futures.
His governing principle in making available his newsletter and model is this;
He will only make available services that he personally trade.
He is also author of best selling book "
Trading the SPI" whicc is in second edition and "Back
to Basics Trading".
BackgroudBrenthas been trading for over 23 years. He began trading when he joined Bank America as a trainee dealer in December 1983. It was during that month that he became fascinated with the markets.
When he joined Bank America Australia’s currency was still fixed and there was heavy speculation that Paul Keating (the then Treasurer of Australia who would later become Prime Minister) would announce the end of Australia’s fixed rate currency regime as part of a macro economic reform package.
As you can imagine there was heavy trading in the domestic money market as traders were looking to “park” their Aussie Dollars in short term securities. During one week Brent and team made over 1 million dollars on the short-term securities desk when 1 million dollars meant something. That ot him hooked on the markets! While he was with Bank America he principally trades Bank Bill Futures and Forward Foreign Exchange.
On his PA (personal account) he traded the SPI®. He first traded the contract in 1986 when the SPI® was four times its current size and back then he used the most sensible and conservative combination of Risk Management and Money Management available to young traders …. the credit card!
After completing his Master of Commerce degree he left Bank America and ever since have maintained my interest in the markets and trading.
On the first occasion he traded his $12,000 account up to over $18,000 before running it down to just under $2,000. He magnificently duplicated that achievement on his second attempt while on his third recapitalisation he managed to achieve a 50% drawdown before giving himself a huge uppercut and quit trading.
Over these past 20 years he has probably seen and researched most trading methodologies available. He has lost count of the numerous trading books, systems, seminars and software he purchased.
Brent believes that although there are no real secrets in trading, there are nuggets of gold worth searching for - be prepared to pan through piles of trading books (Van Tharp is a good place to start).
He emphasizes that the quickest path to trading success is to learn from a “trader” – find a mentor who will allow you to watch them actually trade. There is a reason why the “Master-Tradesman" apprenticeship structure has endured over the centuries.
Educating others is a secondary role.
IndexALERT™ and
IndexTrader™ represent an accumulation of Brent's trading experience he hope others will enjoy benefiting from as much as he has.
As a speaker and trainer, he has presented to the Australian Technical Analysts Association and the Traders Expos around Australia and throughout Asia. Brent is a
licensed futures advisor and holds a Master of Commerce (Finance) degree.
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Successful private trader, author and trading coach Mr. Brent Penfold was in Kuala Lumpur recently and presented for 3 hours in Bursa Malaysia last Saturday about how important it is to go back to basics if traders want to trade succesfully. His principle in trading has always been "Keep it Simple, Keep it Real".
