Intermediate Course
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Intermediate Course
Pathway to Sustainable Trading
Learn the correct way to trade, not only for today, but also for tomorrow and into the future!
Online Course Video Recording
Price: AUD3,300
Purchase a 6-month access key to the course’s video recordings and learn at your leisure.
Note: Students are required to sign a Confidentiality Agreement.
IMPORTANT NOTE: About my introductory course – Truth About Trading Course
Please note my Pathway to Sustainable Trading course includes all the material contained within my introductory The Truth About Trading course. The difference between the two courses is that my Pathway to Sustainable Trading course includes an additional 4 fully disclosed turn-key trading strategies.
Dear Brent,
I would like to say a heartfelt thank you for all of the time you have put into your study tools.
I have read a good many books on trading and your book Universal Principles of Successful Trading is wonderful breath of fresh air.
Reading this led me to my all time favourite book, Universal Tactics of Successful Trend Trading which is hands down THE best and clearest guide to practical trading I have come across.
Before discovering your resources I was swimming in a soup of indicators and analysis. You have cleared the air. I only wish that I had discovered your excellent website earlier.
I have now completed the PST intermediate course and bought a copy of Universal Breakout [Universal "Bandit" from the Advance Course] .
The path is clear.
Thank you Brent.
Course Curriculum
Saturday
Introduction
Step 1 Awareness
Traders Typical Journey
Truth About Trading
Why 90% of Traders Lose
Step 2 Foundation – Universal Principles
ROR
Expectancy
Money Management
Psychology
Curve Fitting & Data Mining
LUNCH
Foundation – Trading Tools
History
Objective
Traditional Tools
New Tools
Universal Indicator
Universal Entry & Stop
Universal Filter
Universal Trend
Universal Supp/Resist.
Universal Cycle
Sunday
Recap
Step 2 Foundation – Trading Tools cont.
Development Strategy: UDB
Development Strategy: UWB
Measuring & Reviewing Universal Tools
Universal Indicator
Universal Entry & Stop
Universal Filter
Universal Trend
Universal Supp/Resist.
Universal Cycle
LUNCH
Step 3 Trade Plan
Portfolio
P2, P4, P8, P16 & P24
Data
Systematic Strategies
Strategy 1 – Short-term Pattern 1
Strategy 2 – Short-term Pattern 2
– Combo: ST Pats. 1 & 2
Strategy 3 – Medium-term Pattern 1
Strategy 4 – Long-term Pattern 1
Combo – Short, Med. & Long-term
Conclusion
Click on the highlighted schedule items above to learn more.
Time for a Reset in Trader Education
Are you frustrated with variable laden indicators that don’t work?
Are you looking for ideas that have an edge, like my Universal Support and Resistance tool?
Would you be interested in learning a simple, 100% pattern based, reversal pattern such as my Universal Cycle tool?
If you are, and you’re also interested in learning much, much more that works, then please read on.
Course Prerequisites
- An open mind, and
- Preparedness to work hard.
Course Video Recordings
When making a purchase students will receive 6-month access to the Course’s video recordings.
In addition students will receive;
- An excel file containing all historical trades of the 4 fully disclosed 100% mechanical trading strategies taught;
- Short-term Pattern 1
- Short-term Pattern 2
- Medium-term Pattern 1
- Long-term Pattern 1 and
- A 30-day complimentary subscription to PST’s Study Guide (where daily setups are shown as they appear in the market).
Course Takeaways
Students who purchase this course will learn the following;
- The singularly most important formula for trader success.
- Why psychology is not the problem.
- My proprietary Universal Tool Kit for filtering out bad trades, selecting sensible entry and stop levels and for identifying trends and support and resistance levels. And
- Four fully disclosed non-curve fitted and non-data mined systematic trading methodologies covering short-term, medium-term and long-term time-frames.
With this knowledge students will;
- Understand why they have failed to succeed in the past,
- Understand how to avoid curve-fitting and data mining when developing trading methodologies,
- Understand how to trade off daily bars with confidence,
- Understand how to manage open positions and place orders between sessions and
- Understand why there is no need to quit their day job to trade successfully.
When students decide to trade they will do it with confidence knowing exactly;
- When to trade,
- Whether they should be buying or selling,
- Where to enter,
- Where to place their stop,
- How much they will be risking and
- Where to exit.
Students will come away from the video recordings of the online course with a new sense of awareness and confidence to well position themselves along the pathway towards sustainable trading. In my opinion my 2-day course offers insights, knowledge and answers that are not generally available to the average trader. Students will not be disappointed. If you have any questions please do not hesitate to ask me. Just send me an email at bpenfold@tpg.com.au with “Pathway to Sustainable Trading” in the subject line.
Regards
Brent Penfold.
Sydney, Australia.
Comparison to Universal Trader
I often get asked the question how does my intermediate PST course, with its four strategies, compare to my Universal Trader models “Key Level”, “Key Breakout”, “Key Swing” and “Key Exhaustion”?
The difference relates mainly to strategy, technique and time-frame.
PST’s models focus solely on breakout trend trading over the short, medium and long-term. PST is designed for all traders, from small to large.
Universal Trader’s models also incorporate retracement trend trading and mean-reversion counter-trend trading primarily over the short and medium-term.
Incremental Progression
My video courses are designed to be incremental.
Incremental in both price and progression.
My introductory The Truth About Trading course gives a student, for an almost complimentary price of AUD149.99, a thorough deep dive into trading education covering Money Management, Methodology and Trading Psychology. After completing over 9-hours of video tuition students not only come away with mandatory knowledge to succeed but also a tool box of effective trading tools and workable trading strategies.
In addition, and as importantly, they receive an insight into the value of my content. Giving them the confidence to progress to my next course.
Within my intermediate Pathway to Sustainable Trading course students learn, in addition to the content already contained within my Truth About Trading course, 4 fully disclosed 100% mechanical trading strategies.
Naturally students can by pass my introductory course and directly choose Pathway to Sustainable Trading if they have confidence in me. If not, choosing The Truth About Trading course is an inexpensive way to gain both great trading knowledge and an insight into the value of my content.
As you can see my video courses are designed to be incremental. Following completion of my intermediate course students can then consider my advanced Strategy Building course where they will learn how I developed Universal Bandit. A process they can utilize to design their own strategies. But only if they’re satisfied with my earlier introductory and intermediate courses.
As you can see my video courses are both incremental in terms of both price and progression.
Great Value
PST represents great value as students receive 4 models whereas Universal Trader’s models are purchased individually (unless I’ve scheduled a weekend Workshop where I’ll teach the whole suite of models). In addition to learning 4 models they also receive over 9 hours of trading education covering Money Management and Trading Psychology while securing a single Universal Trader model does not. PST represents great value for trader education.
The Truth About Trading
There are very few undeniable truths about trading. This is one. Many people attempt to trade and many people fail. Fact. Very few active traders over the long-term are profitable. Yes, they can have periods of profitability, however over the long-term they’re not. The world of active trading is an unforgivable universe of disappointment.
Regardless of traders’ conscious belief as to why they fail, whether it’s due to anxiety or a poor strategy, the result is the same.
They lose.
Regardless of their attempts to remedy their situation, whether it’s reading trading books, joining trading forums, asking others for advice or attending training programs, the result doesn’t change.
They lose.
But it doesn’t have to be that way.
With the correct knowledge and tools that my Pathway to Sustainable Trading course teaches I believe anyone can learn to trade successfully.
Note this course represents the workshop I presented to the clients of Hongyuan Futures at the Peking University, Beijing, China in April 2019.
If you’d like to learn the proper way to become a successful trader, one who is not only profitable this year, but profitable in the years ahead, then you should consider purchasing 6-month access to the video recordings of my course.
In this course I, Brent Penfold, a 30 year veteran of the markets and author of the international best sellers The Universal Principles of Successful Trading (Wiley 2010) and The Universal Tactics of Successful Trend Trading (Wiley 2020), pulled back the market’s veil to reveal how to become a sustainable and profitable trader. A confident trader who is not only profitable this year, but in future years ahead.
What students will learn;
- is not written in many books and
- is not the sugar coated fantasy many books portray about trading.
- is the proper knowledge necessary to succeed and
- is the proper knowledge of effective tools required for trading success.
Students who purchase 6-month access to the video recordings will learn there are no short-cuts to profitability and that hard work is required to be successful.
I firmly believe anyone can become a successful trader if they follow a sensible program like my Pathway to Sustainable Trading course.
During the course I do not just discuss fully disclosed trading methodologies. Yes, I do teach strategies, however I also discussed much more. I feel traders require “context” before they can accept someone else’s strategies. With context they will understand where and why a methodology is designed and will more likely follow the strategy. So my objective is to take traders on a journey of discovery and understanding.
Discovery will enlighten students as to the real reasons why so many traders struggle to succeed.
Understanding will reveal to students what doesn’t work in trading and why and on the flip side what does work and why.
Over the 2-day course students will learn the following;
Pathway to Sustainable Trading
Step 1 Awareness
Those who wish to trade will need to empty their minds of much of what they have already learnt and read about trading. It’s an unfortunate truth that the majority of trading books and trading education is littered with picture perfect charts and cherry picked trades that do not reflect the real world of volatile markets. They have to become aware that trading requires effort, doesn’t offer short-cuts and can be a source of great disappointment to the naive. It has to be eyes wide open.
Step 2 Foundation – Knowledge
Every trader needs to be fully cognizant of the universal principles of successful trading. They need to know the key pieces of market knowledge that all successful traders understand. Knowledge that is mandatory if one wishes to be successful where so many fail. Just like a house needs to be built upon a strong foundation so does a person’s trading career need to be built upon proper trading knowledge.
In this step attendees learnt all about the importance of;
- Risk-of-ruin,
- Expectancy,
- Money Management,
- Psychology,
- Avoidance of curve-fitting and
- Avoidance of data Mining
At this point of their journey students discover the real reason why so many struggle to trade successfully, and contrary to what many trading books and trading educators will tell you, it wasn’t because of their personal psychology!
Step 2 Foundation – Trading Tools
Technical Analysis is full of many tools that are designed to help the trader. Unfortunately not every tool is useful. To help attendees navigate their way through the complex world of technical analysis I first discussed the strengths and weakness of traditional trading tools before revealing my proprietary Universal Tool Kit.
In this step students will learn;
Indicators
- Which indicators are the most popular.
- Which individual indicator is used by more traders then any other.
- Their strengths and weaknesses.
Patterns
- Which patterns are the most popular.
- Their strengths and weaknesses.
The Universal Tool Kit
Students will then learn my proprietary trading tools;
- Universal Indicator – The best there is!
- Universal Entry
- Universal Stop
- Universal Filter
- Universal Trend
- Universal Support and Resistance
- Universal Cycle
From my course students will learn that much of the most convenient, popular and easily accessible trading tools available today, “indicators”, don’t work.
They will learn why it’s TIME for a reset in their trading education.
They will learn it’s time to get back to basics where students will learn that simple ideas work best, that stand the test of time and result in sustainable trading.
Students will learn my NEW proprietary Universal Tools are absent of traditional indicators.
They’ll learn my Universal Tools are based 100% on price.
For many who are familiar with my work they’ll know I’m a big advocate of working with price and my Universal Tools are no different.
Students will learn and see how effective my 100% pattern based Universal Trend tool is.
Students will learn and see how effective my 100% pattern based Universal Support and Resistance tool is;
Students will enjoy seeing how effective my 100% pattern based Universal Cycle tool it;
In addition students will learn and see how effective my NEW simple 100% pattern and evidence based and indicator free development UDB methodology is;
At this point in the course students will have a good understanding as to what doesn’t work in trading and why and what does work and why. At this stage of their journey they will experience their own personal “light bulb” or “ha, ha” moment.
Step 3 – Trade Plan
Once a trader has a solid foundation of proper trading knowledge its time to put it all together and develop an evidence and rule based trading strategy.
Strategy development commences with a review of the key attributes of winning strategies. I take students through each key attribute so they became familiar with what’s important in developing a trading strategy with a stable equity curve.
To demonstrate the correct approach to strategy development I create two trading methodologies from scratch using only the universal tools. These demonstration strategies highlight the correct approach to minimizing the risk of curve fitting.
However students do not learn only two strategies, but multiple strategies. A common mistake traders make is to focus on a single strategy trading a single market. Unfortunately it’s rare for a strategy to make money ever year, year in and year out on the same market as markets alternate between states of trending and choppiness over bull and bear market cycles. Successful traders know the benefit of diversification so they will trade multiple strategies over multiple timeframes over a portfolio of multiple but diverse markets.
Students will learn multiple timeframe systematic strategies to accommodate;
- Short-term trading
- Medium-tem trading and
- Long-term trading
All the strategies, to avoid data mining, are shown trading a diversified portfolio of markets including;
- Currencies
- Interest rates
- Indices
- Metals
- Grains
- Softs and
- Meats
Each methodology reveals an effective rule and evidence based trading strategy. Strategies which have clear and precise rules on;
- When to trade,
- Where to enter,
- Where to place stops and
- Where to exit.
Step 4 – Execution
Execution is where theory converts to action. It’s where traders need to execute their trading according to their evidence and rule based trade plans. It’s where the rubber hits the road. It’s where the hand-to-hand combat starts. It’s where the excuses end. No more ifs or buts. There is no more time for scapegoating. It’s where the trader takes responsibility for themselves, their account balance and their destiny.
30 Years of Experience Shared Over a 2 Day Course
If you’re looking to restore your confidence and bring certainty back to your trading then this is one course you cannot afford to miss. Lucky for you I have managed to distill my 35+ years of trading experience into 10-hours of video recordings. I hope you enjoy it and more importantly, I hope it’s beneficial to you :o)
Click here to purchase a 6-month access key to my Intermediate Course;
From time to time I hold Workshops. When one is planned I will highlight it here.
