ABOUT THE AUTHOR:
Brent Penfoldis Director of Brent Penfold Futures and a full-time trader, author, educator and licensed Futures Advisor (AFSL 225946). He began his career in 1983 as an institutional dealer with Bank America and today specializes in trading forex and global indices. He is the author of two Wiley books, The Universal Principles of Successful Trading (2010) and Trading the SPI (2005). Brent publishes daily newsletters for active Forex and Index traders and is a popular algorithmic trader, applying a portfolio of diverse but complementary strategies ranging from short-term to long-term over a portfolio of 30+ markets.
ABOUT THE BOOK:
Compared with The Universal Principles of Successful Trading, which has a more holistic and theoretical approach to discussing the process of the trading that follows a number of immutable core principles, this is a more practical, how-to guidebook on trend trading where the author attempts to take the principles he has shared regarding methodology and apply them in a practical manner to investigate, review and develop a robust trend trading methodology. In combination with UPST, this book has the potential to transform a losing trader into a long-term sustainable winning one.
With a focus on methodology, the book begins by outlining how difficult it is for traders to succeed and discusses a number of key messages covering knowledge, risks, application and execution. It discusses the appeal of trend trading and why any trader should seriously consider it as a technique. It also offers an outline of why trends exist and the reasons why so many fail at it, and examines the different trend trading strategies to demonstrate the various techniques that exist and the importance of measuring strategy performance on a risk-adjusted basis. The book includes a toolkit that traders can use to help them in reviewing, developing and selecting strategies to trade, and concludes with an example of using the toolkit to develop a sensible and sustainable trading strategy.
ABOUT THE TOPIC:
At present, with the growth in global debt, central bank intervention, tariffs, potential trade wars and weaponized tweets, there has never been so much uncertainty. Some would suggest we’ve reached peak uncertainty. However, where uncertainty exists there are always opportunities for those who are well informed and well prepared; opportunities that a calm voice will reveal. This book will be that calm voice. Once traders come to the realization that the more markets change, the more they stay the same, the more calm and confident they’ll be. They’ll have their feet firmly replanted back on a rational pathway that will lead them towards their destination of sensible and sustainable trading.
- Brent Penfold is one of Australia’s top trading advisors and has been profiled in John Atkinson’s book, The Stock Market Wizards of Australia.
- The author is well known on the conference circuit as a sought-after international speaker who presents to traders throughout the Asia Pacific region.