Advance Course
Strategy Building

introducing … Universal Bandit

Learn the correct way to trade, not only for today, but also for tomorrow and into the future!

Online Course Video Recording
Price: AUD2,200

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.

HOW TO COMPLETE MY ADVANCE COURSE:
My advance course is only available to traders who have either completed my intermediate course Pathway to Sustainable Trading (PST), or own Universal Trader. If that is you and you would like to undertake my advanced Strategy Building course and learn Universal Bandit then please contact me via bpenfold@tpg.com.au with PURCHASE STRATEGY BUILDING in the subject line. Once I confirm you’re eligible I’ll send you the Confidentiality Agreement along with payment instructions to get the ball rolling. No worries. :o)

Course Curriculum

Saturday Morning

Introduction

Review

          Pathway to Sustainable Trading
          Swing Charts

Strategy Building
          Data
          Portfolio
          Software
          Strategy Benchmark
          Strategy Development
               Understand
                     Market behaviour
                     Attributes of winning strategies
                    Risk
               Objective
               Find
               Review
               Follow
 

Saturday Afternoon

Universal Bandit
          Pattern 1 – Trending Trading
                             Equity curve stability review

          Pattern 2 – Reversion Trading
                             Equity curve stability review

          Universal Bandit
               Pattern 1 – Trend Trading
               Pattern 2 – Reversion Trading
               Equity curve stability review

Strategy Benchmark
          Avoid relevancy trap

Portfolio Construction
          PortX3 Methodology: M4, M8, M16
          PortX3 Excel File
          PortX3 Universal Bandit performance

Repetition
          30-days of live trading
          DSG – Daily Study Guide

Conclusion
          Verify everything
          Trade history files
          6-month access to video recordings
          Thank you


Advance Course in a Nut Shell

First up, my advance course is designed solely for the private trader in mind who has limited risk capital, an aversion to drawdowns and a preference to take profits quickly.

Building on my intermediate course, the Pathway to Sustainable Trading, this course focuses solely on Methodology and Portfolio Construction.

[Note: The Truth About Trading and Pathway to Sustainable Trading extensively cover Money Management and Trading Psychology.]

For Methodology it teaches the process I follow to develop strategies. Taking the tools and strategy components taught within The Truth About Trading and Pathway to Sustainable Trading (and one idea from Universal Trader), my course demonstrates the process  I follow to create models. The course demonstrates and details in depth, by following a sensible process, how I developed Universal Bandit.

Universal Bandit, as students learn, is a pocket rocket short-term 100% mechanical strategy designed solely for the typical private trader in mind.

For Portfolio Construction my advance course teaches students my proprietary small portfolio construction methodology, PortX³. A world class methodology for constructing micro portfolios absent of “data-mining”.

Course Prerequisites

Universal Bandit –  Quick Facts
Universal Bandit is a short-term 100% mechanical strategy that can trade all markets under all market conditions.

Universal Bandit uses a combination of daily and weekly bars to find setups.

Trades are triggered off daily bars.

Orders are placed outside market hours so there is no need for traders to give up their day jobs. Neither do traders need to monitor the markets intra-day as orders are “set and forget” for the next trading session.

The model consists of two patterns.

One looks for trend trades while the other looks for mean reversion opportunities.

Universal Bandit utilizes a number of traditional tools such as swing charts and the Average True Range (ATR) indicator.

The strategy has 2 variables that have the same value across all markets and across both buy and sell setups under all market conditions.

Universal Bandit is a simple strategy.

Course Video Recordings
When making a purchase students will receive 6-month access to the course’s video recordings.

In addition students will receive;

  • Universal Bandit’s historical trade record file and
  • A 30-day complimentary subscription to Universal Bandit’s Daily Study Guide.

Course Takeaways
Students who purchase this course will gain the following;

Blue Print:                   Learn a logical and sensible approach for building trading strategies.
Strategy:                     Learn Universal Bandit, a fully disclosed short-term 100% mechanical
                                   strategy.
Portfolio Mgt:              Learn PortX³, a methodology used to create small independent &
                                   objective portfolios.
Results:                      Receive all historical trades in excel files to assist with validation.
Video Recordings:      Receive 6-month access to the Workshop’s video recordings.
Bonus Live trading:    Enjoy 30-days of live trading watching Universal Bandit being
                                   traded live in real markets, with real money. This is delivered
                                   via the 30-day complimentary subscription to Universal Bandit’s
                                   Daily Study Guide.


Comparison to Universal Trader
I often get asked the question how does my intermediate PST course, with its four strategies, and my advance Strategy Building course, with Universal Bandit, compare to my Universal Trader models “Key Level”, “Key Breakout”, “Key Swing” and “Key Exhaustion”?

The difference relates mainly to strategy, technique (trend following or counter trend mean reversion) 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.

Strategy Building’s Universal Bandit incorporates both a trend and counter-trend pattern over the short-term, designed for a typical private trader who has limited risk capital, an aversion to drawdown and preference to take profits quickly.

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.

Following completion of, and satisfaction with Pathway to Sustainable Trading (or purchase of Universal Trader), students can then consider completing my advance Strategy Building course. A course where students will learn a sensible approach to strategy building that is showcased with the development of Universal Bandit, a fully disclosed short-term 100% mechanical trading strategy. A strategy developed with a typical private trader in mind who has limited risk capital, aversion to drawdowns and preference to take profits quickly.

As you can see my video courses are designed to be incremental, both in terms of price and progression.

It’s stepped approach allows participants to manage their investment in their trader education.

Following my courses’ layered approach they can commence with a small commitment to undertake my introductory course  The Truth About Trading. Building on the knowledge and insight gained they’ll have confidence to increase their commitment to their education by undertaking my intermediate course the Pathway to Sustainable Trading.

At this stage they will have a thorough and deep, deep practical knowledge of the three pillars of trading success: Money Management, Methodology and Trading Psychology. In addition they will have learned 4 fully disclosed 100% mechanical trading strategies covering the short-term, medium-term and long-term timeframes.

For those students looking for additional insight into Methodology, who wish to learn the process I use to investigate/create new strategies and learn my pocket rocket strategy Universal Bandit, they can undertake my advance course Strategy Building.  But only if they’re satisfied with my introductory and intermediate courses (or own Universal Trader).

As I’ve said, my video courses have been designed to be incremental and progressive.


Course is Designed for Private Traders with Limited Risk Capital

This advance course is designed solely for the private trader in mind who has limited risk capital, an aversion to drawdowns and a preference to take profits quickly.

A typical private trader who has experienced and struggled with many of the following challenges;

            – Has limited risk capital, usually much less then $50,000.
            – Has difficulty constructing an appropriate portfolio given their level of risk capital.
            – Has a high aversion to loss, yet has experienced high loss.
            – Has experienced a bias towards long trades vis-à-vis short trades.
            – Has exited winning trades too early.
            – Has exited losing trades too late, often moving stops.
            – Has experienced too many large losses, due to moving stops.
            – Has found it difficult to follow and trade multiple strategies.
            – Has found it difficult to trade more then a few markets (which is influenced by account size).
            – Has been overly influenced by methodologies based upon picture perfect chart examples.

This advance course is for the typical private trader, following their experiences, who has developed a preference to;

            – Trade a single, simple and robust strategy.
            – Trade a strategy with limited historical drawdown.
            – Trade a small and diversified portfolio appropriate to their account size.
            – Trade a strategy with small stops.
            – Trade a strategy with short holding periods for exiting winning positions quickly.
            – Trade an evidenced based strategy, not a strategy based on picture perfect chart examples.

If this is similar to your own trading experience then you should consider completing my advance course. :o)

Small Trading Accounts ($25,000)
My advance course is designed for the typical private trader who, say with a $25,000 account and limited time, should feel comfortable enough to trade Universal Bandit over a 4 market portfolio.

A portfolio, despite it’s small number of 4 markets and account size, can achieve a hypothetical single contract result of $206,000 with only a minor -$12,000 maximum historical drawdown and a money management performance approaching $1,000,000. And this assumes the private trader does not increase their portfolio size from 4 markets despite their growing account size.

This is what’s possible for a typical private trader who completes my advance course and walks away with Universal Bandit and PortX³, my portfolio construction methodology.

Medium Trading Account ($50,000)
Or a private trader with a $50,000 account who should feel comfortable enough to trade Universal Bandit over an 8 market portfolio.

A portfolio, despite its still relative small number of 8 markets and reasonable account size, can achieve a hypothetical single contract result of $380,000 with only a small -$10,000 maximum historical drawdown and a $34m money management performance. It again assumes the private trader does not increase the size of their portfolio from 8 markets despite their growing account size.This is what’s possible for a typical private trader with a $50,000 account size who completes my advance course and walks away with Universal Bandit and PortX³.

As I’ve said my one day advance course presents the ideal strategy development and strategy solution for the typical private trader.

Why my Advance Course Concentrates on a Typical Private Trader
This advance course was first presented as a one day Workshop in 2021.

Over the years the Workshops I have presented have reflected my progression as a trader.

As my account grew over the years I’ve traded more markets and more strategies.

Similarly as my account grew with more markets and more strategies my Workshops offered more or taught more strategies trading over larger portfolios.

From when I launched my website over 20 years ago in 2001 where I offered only one model (SpiTrader) on one market (the Australian SPI Index) to 2020 when I taught Universal Trader for the first time which incorporated 4 models over a diversified portfolio covering 8 market segments and 24 markets, my Workshops have reflected what I was doing.

Over 20 years where my portfolio has expanded from a single index market (SPI) to multiple index markets (SPI, NK, TWN, HS, FTSE, STOXX50, DAX, E-Mini NQ and E-Mini ES) to currencies, commodities and beyond, so had my Workshops’ breath and coverage expanded.

Although I’ve been happy with the content I’ve shared I think I had lost sight of where the majority of private traders exist, which is usually still at the beginning of their journey, despite their experience and effort expended to succeed.

This got me thinking about offering a “smaller” Workshop.

A less expansive and less intimidating Workshop.

One that would contain a sensible approach to strategy development where I could review my catalogue of trading tools (taught in my intermediate course Pathway to Sustainable Trading) and strategies (Universal Trader).

A Workshop where I could identify those parts that were more applicable and of more interest to a typical small private trader.

A catalogue of components that when assembled would be equal to more then the sum of its individual parts.

An assembly of “small” parts that would represent an ideal “small” strategy.

An easy and affordable strategy to trade for the typical private trader with limited risk capital.

A strategy that I call Universal Bandit.

Well that was the motivation behind my “downsized” Workshop.

That “downsized” Workshop has become this advance course, Strategy Building. :o)

With that shared let me now revert back to full on explanation mode about my advance course.

Universal Bandit – Developed from my Educational Pyramid
My advance course represents is an ideal extension to my intermediate course Pathway to Sustainable Trading.

Not only does the course teach a thorough and logical approach to strategy development, but at the end of the process it will deliver a complete turn-key trading methodology called Universal Bandit.

A strategy ideal for the typical private trader.

A strategy students will be able to trade straight out of the box.

A strategy students will be able to watch being traded live in real markets in real time with real money for 30-days following completion of the course via the 30-day complimentary subscription to Universal Bandit’s Daily Study Guide.

A strategy, despite it’s recent release in 2021, is based upon many of the tools and components I have taught for many years and what I make available off my web site.

My advance course identifies, reviews and selects those components within my Education Pyramid that are most appropriate and most applicable to the small private trader who has limited risk capital, an aversion to drawdowns and a preference to take profits quickly, for developing an effective trading strategy – Universal Bandit.

A trading strategy that can navigate all markets across all market cycles and under all market conditions. Regardless of whether markets are in a bull market or a bear market cycle, regardless of whether markets are trending or choppy, and regardless of whether markets are surging or reversing, Universal Bandit will help private traders navigate the puzzling and treacherous nature of global markets.

My advance course builds upon my intermediate course, the Pathway to Sustainable Trading.

My advance course takes advantage of the tools I share within my Pathway To Sustainable Trading course, it requisitions one component from Universal Trader and embraces a number of ideas within my book, The Universal Tactics of Successful Trend Trading (Wiley, 2020), as I demonstrate my strategy development process to build step by step a short-term 100% mechanical strategy I’ve called Universal Bandit.

At the end of my advance course students will not only take away a blue print for strategy development but they’ll also learn a complete short-term 100% mechanical strategy that is able to trade all markets across all market conditions.

A strategy ideally suited for private traders who prefer to;

            Preference                                               Attribute                                                   Universal Bandit
            Trade a single strategy                            Simplicity                                                  Universal Bandit
            Trade with a small portfolio                      Absent of “data-mining”                            PortX³
            Take profits quickly                                  Average length of winning trades             5.6 days
            Trade with small stops                             Average risk per trade                             -1.5%
            Trade with small losses                           Average loss                                            -1.2%
            Trade with small historical drawdown      Maximum historical drawdown                -$26,000

A strategy that embraces many of the attributes of winning methodologies;

            Winning Attributes                                                                                                   Universal Bandit
            Clear and precise rules for easy validation and trading.                                          Yes
            Profitable over a diverse portfolio to avoid “data mining”.                                        Yes
            Embraces simplicity over complexity to avoid excessive “curve fitting”.                  Yes
            Few variables to avoid excessive “curve fitting”                                                        2
                        – same variable values for both buy and sell setups                                    Yes
                        – same variable values across all markets                                                   Yes         

A strategy that when combined with PortX³, is able to trade any size portfolio ranging from 4+ to 24+ markets.

A strategy that can be traded right out of the box.

In a nut shell my advance course will help address the many challenges faced by a typical private trader;

  • Learning at Your Own Pace – Advance Course Video Recordings
  • Strategy Building
  • Strategy Quick Facts
  • Strategy Robustness
  • Portfolio Construction
  • Money Management & Psychology
  • Time Management
  • Developing Good Trading Habits with Live Trading

Let’s look at each in turn.

Learning at Your Own Pace – Advance Course Video Recordings
Traders will receive 6-month access to the advance course’s video recordings, allowing them to learn and reinforce their knowledge at their own pace.

During my course I encourage participants to not attempt to write everything down they see or hear, but just to listen and receive an awareness of what I teach.

I do this for two important reasons.

One, students will never be able to keep up with the course’s content I share and secondly, it’s unnecessary because they’ll have plenty time to do so over the next 6 months as they review the course’s video recordings.

Following the course students will be able review, rewind, pause, rewind and pause again take screen shots at their own convenience and at their own pace all the content I share, allowing them plenty of time to record or write down what is important for them.

Rather then frantically trying to write or type everything down, no doubt missing parts and worst, not listening to key ideas, they can sit back and just listen, watch, absorb and comprehend my messages and ideas.

Recording, writing or typing the minutiae during an initial viewing of the course videos is not important as students will have access to the video recordings for 6-months.

Strategy Building

Key Point

  • Learn a sensible, clear and logical approach to strategy building

Developing, discovering or purchasing an ultimate, gold plated, bullet proof and never lose strategy is trading’s version of the mythical Unicorn. The Holy Grail. A painless strategy that continuously plucks easy dollar bills off the proverbial money tree.

Wouldn’t we all like our own Unicorn trading strategy. I’ll have two thank you. :o)

Universal Bandit is no Unicorn.

It’s a Bandit. And it’s a Bandit in the true sense.

Yes, it will take money from the weak hands. :o)

But it’ll also take your money. :o(

Being a Bandit cuts both ways.

So it’s not painless to trade, it does suffer drawdowns.

But it does have many attributes of a winning strategy to be a very good strategy.

However learning Universal Bandit’s trading methodology, although very valuable, is not the only objective of my advance course. Teaching you how to fish, or how to build strategies, is just (if not more) important as feeding you a fish or leaving you with a complete turn-key strategy.

My advance course is about teaching traders how to build strategies. Universal Bandit will be the end product of the process. Or an example of the process. So not only will students walk away with a very good strategy, but they’ll also take a sensible blue print on how to build their own.

Rather then following a random, ad-hoc, left-of-field or wishful thinking process to build methodologies students will learn a sensible, clear, logical and objective approach to create strategies. Rather then weaving left and right in your efforts to develop ideas my advance course will ensure you’ll stay within your lane creating, reviewing, adjusting and refining models within clear lines.

Learning how to fish is equally as important being able to eat fish. :o)

Reminder About Universal Bandit –  Quick Facts
Universal Bandit is a short-term 100% mechanical strategy that can trade all markets under all market conditions.

Universal Bandit uses a combination of daily and weekly bars to find setups. Trades are triggered off daily bars. Orders are placed outside market hours so there is no need for traders to give up their day jobs. Neither do traders need to monitor the markets intra-day as orders are “set and forget” for the next trading session. The model consists of two patterns. One looks for trend trades while the other looks for mean reversion opportunities. Universal Bandit utilizes a number of traditional tools such as swing charts and the Average True Range (ATR) indicator. The strategy has 2 variables that have the same value across all markets and across both buy and sell setups under all market conditions. Universal Bandit is a simple strategy.

Strategy Robustness

Key points

  • Absence of data mining
    • Strategy has not been data mined to trade only a select few good markets
    • Strategy trades all markets including, but not limited to the currencies, interest rates, indices, energy, metals, grains, softs and meats.
  • Absence of excessive curve fitting
    • Homogeneous setups
      • Same setups for all markets
      • Same variable values for all markets
    • Symmetrical setups
      • Same patterns for BOTH buy and sell setups
      • Same variable values for BOTH buy and sell setups
    • Logical setups
      • Setups capture repetitive price behaviors
    • Objective setups
      • 100% rule based setups with no interpretation required
    • Simple setups
      • Pattern based
      • Few rules and filters
      • Few traditional variable dependent indicators
    • Simple trade plan with clear instructions on;
      • When to trade
      • Where to enter
      • Where to place stops
      • Where to exit
    • Absence of complexity
    • 100% evidence based
    • Trades all market conditions;
      • Bull markets
      • Bear markets
      • Trending markets
      • Counter-trend, choppy, mean-reverting markets
      • Expanding markets
      • Contracting markets

The Holy Grail objective of any strategy is a tradable robustness. A low variable upward sloping equity curve since release.

There are only two ways to demonstrate robustness. Evidence and indication. Evidence of robustness and indication of robustness. Evidence is positive out-of-sample performance since release. Indication is the absence of “data mining” and the absence of excessive “curve fitting”, the twin evils of strategy development.

Unfortunately, although many of Universal Bandit’s components are known from my website, Universal Bandit the strategy has little evidence of out-of-sample performance since it wasn’t publicly released until I taught it in my original Strategy Building Workshop in November 2021. However, although there is little evidence, there is plenty of indication of robustness as summarised above in the key points. As you can see Universal Bandit embraces many attributes of a winning strategy.

Universal Bandit, even with little out-of-sample performance, is a very valuable strategy with many indications of robustness, whose development follows my strategy building process.

Portfolio Construction

Key Points

  • Learn PortX³ – a methodology for constructing small portfolios absent of “data-mining”.

My advance course is designed for the typical small private trader with limited risk capital.

Each trader will have different amounts of “limited” risk capital and different individual levels of risk tolerance. Some will only be able to afford to trade a small portfolio of say 4 markets. Others may be able to trade larger portfolios. Regardless of the level of limited risk capital and risk tolerance Universal Bandit when combined with PortX³ will allow students to trade any size portfolio.

However please be aware traders with limited risk capital, implying smaller accounts, can be disadvantaged when trading on two counts;

  1. Underperformance: Generally smaller portfolios vis-à-vis larger portfolios, can suffer the risk of under performance as it’s never known which markets will enjoy the big moves, when they will move and for how long they will move. Smaller portfolios, by definition, will trade less markets, increasing the risk traders will miss out on some markets that experience great trends.
  2. Data mining: Traders with limited risk capital are forced by their account size to make a deliberate decision on which few markets they trade. They’ll usually be influenced by a market’s historical performance, preferring to pick the better performing markets over the poorer performing ones. As inevitable as night follows day yesterday’s good performing markets are generally never tomorrow’s best performing markets, resulting in smaller traders falling into and suffering from the classic trap of “data mining”.

So unfortunately traders with limited risk capital can suffer a double whammy.

The risk their smaller portfolios will miss out on good performing markets while simultaneously suffering the risk of picking yesterday’s winners who inevitably become tomorrow’s losers.

To minimise these risks my advance course teaches students my portfolio construction methodology, PortX³. A methodology used for constructing objective, independent and sensible micro portfolios. Small portfolios that are appropriate for a trader’s limited risk capital. Small portfolios that are NOT “data mined”.

I’m not aware of any methodology that is comparable to PortX³. None.

I believe learning PortX³ alone will be worth the price of completing my advance course.

On my web site you’ll see how I’ve selected my personal “P24” portfolio based on the objective and independent criterion of diversity and liquidity.

If you’re able to trade 24 markets then you don’t need any further help.

If you can’t I suggest a number of smaller portfolios I refer to as “P2”, “P4”, “P18” and “P16”.

Please refer to the following page; Portfolio

However despite the sensible logic behind the creation of these smaller portfolios there is another and superior approach for creating smaller portfolios, PortX³. Once students learn this powerful technique for portfolio assembly they’ll never again have to fret about the decisions they make whether to select one market over another. Whether to choose Crude Oil over Gold? Whether to include the E-Mini SP500 over 10 year Treasury Notes? Corn over Sugar? Wheat over Coffee etc? No more fretting.

PortX³ will teach students how to create an appropriate portfolio for private traders with limited risk capital, where the only variable is the number of markets a trader can afford to trade. Once a number of markets is determined they’ll then follow PortX³’s construction technique and voilà, they will have created an arms-length, independent and objective boutique portfolio where no personal and subjective decisions have been made. They will be trading a portfolio free of “data-mining”, one of the twin evils of strategy development.

Take a look for yourself at how well Universal Bandit performs over multiple size portfolios created by PortX³.

Portfolio: 4 Markets

Portfolio: 8 Markets

Portfolio: 16 Markets

Portfolio: 24 Markets

Portfolio construction is an important ingredient for trading success and PortX³ delivers it in spades.

Money Management & Psychology
There are three pillars to profitable trading;

  • Money management
  • Methodology and
  • Psychology

A trader needs to embrace and successfully execute each to enjoy a sustainable growing trading account.

Out of the three I believe money management is the most important and I have written extensively about its impact on a trader’s risk-of-ruin.

I extensively cover money management and psychology in my intermediate course Pathway to Sustainable Trading which is one of the prerequisites for completing my advance course.

Time Management

Key Points

  • Following clear and precise rules;
    • simplifies the trading process saving time
    • expedites the trading process saving time
  • Trading off daily bars allows traders to;
    • enter orders between trading sessions, allowing traders to keep their day jobs & save time
    • “set and forget” their orders, removing need to monitor markets, saving time

Time dictate ours lives. Time constrains our choices. Time is a valuable and finite matter that we can’t afford to waste. Trading a clear and precise systematic mechanical strategy simplifies the trading process. Simplifies and expedites the daily routine of gathering data, managing open positions, finding new setups and entering trades.

Trading a systematic strategy is a huge time saver. Having clear and precise rules for finding setups, for knowing where to enter, where to place stops and where to exit eliminates the need for any time consuming market analysis and interpretation and the accompanying procrastination, doubt and uncertainty about whether or not a trade should be entered, and where the entry and stop orders be placed. Trading a clear systematic trade plan is a huge time saver.

Entering orders between trading sessions and not having to monitor markets during the day, as orders are “set and forget”, are both excellent examples of good time management as they allow traders to keep their day jobs.

Trading an easy and systematic strategy will allow students to achieve better time management enabling them to work smarter, not harder, so they can get more done in less time, even when time is tight and pressures are high.

Developing Good Trading Habits – Complimentary 30-Days of Live Trading

Key Points

  • Enjoy 30-days of live trading in real markets, with real money via Universal Bandit’s Daily Study Guide

Knowing something and doing it can be chalk and cheese.

Knowing something doesn’t necessarily mean you can do it.

We know dieting and eating less will lose weight, yet many of us can’t do it.

We know exercising is good for our health, yet many of us can’t do it.

But we also know dieting and exercising it easier and more successful if we can do it with someone else. The fear of letting down another person is a great motivator.

Similarly seeing another person trade your strategy makes it easier to understand and makes it easier to embrace and to develop new daily habits to trade is successfully.

This is the purpose behind the complimentary 30-day subscription to Universal Bandit’s Daily Study Guide.

It’s all designed to reinforce student’s knowledge of Universal Bandit and to help build new daily habits.

The 30-day live trading component makes my advance course unique within the industry of trader education. However it’s no big deal as I trade my own strategies every day.

To my knowledge, I believe I’m the only trader who will not only teach you the theory and techniques, but who will also allow their advance course students watch them personally trade live for 30-days executing the strategy with real money, in real time and in real markets. Some course will provide live trading over a weekend but I’m not aware of any who will do so for 30-days.

An added bonus to the live trading component is that students will see how I treat my trading as a business. A business without the emotion that usually sabotages most traders. Students will see how Universal Bandit’s rule based methodology is 100% objective and doesn’t require any interpretation and or subjective judgment. The live trading will re-enforce student’s knowledge and application of Universal Bandit and help build new daily habits. Student’s will learn how one hour of preparation each day will prepare them for success in trading. Students will learn how repetition over 30-days of live trading via the complimentary 30-day subscription to Universal Bandit’s Daily Study Guide will reinforce their knowledge and understanding of Universal Bandit, create new powerful trading habits and create new confidence to set them on the path towards sustainable and successful trading.

The Objective is to Become Successful
My advance course is designed for the typical small private trader with limited risk capital. Building on my intermediate course Pathway to Sustainable Trading students will learn;

  • a sensible and logical approach to strategy development,
  • an example of the development process, a complete turn-key strategy Universal Bandit &
  • a powerful methodology PortX³ for constructing small portfolios for traders with limited risk capital

As a bonus students will be able watch Universal Bandit being traded live in real markets, with real money in real time via the complimentary 30-day subscription to Universal Bandit’s Daily Study Guide .

By watching Universal Bandit being traded live for 30 days students will learn how to eliminate fear and hesitation from their trading. They will learn how to establish the discipline necessary to follow Universal Bandit and they will learn how to develop good trading habits. They will learn how to gain the strength to take their losses without wavering. They will learn how to eliminate fear, doubt and hesitation. They will learn how to avoid over-confidence and the dangers associated with it. They will learn how to maintain discipline and consistency. They will learn how to become a successful trader.

From Universal Bandit students will learn;

– which market to trade
– when to trade
– where to enter
– where to place stops
– where to take profits

Students will enjoy 30-days watching Universal Bandit being traded live in real markets with real money.

After 30 days of live trading students will learn how to trade;

– without fear
– without doubt
– without hesitation
– without mistakes
– with confidence
– with discipline
– with rules
– with purpose

Students will receive a complete trade history file for Universal Bandit in excel to help with validation.

Course Takeaways
Students who purchase this course will gain the following;

Blue Print:                   Learn a logical and sensible approach for building trading strategies.
Strategy:                     Learn Universal Bandit, a fully disclosed short-term 100% mechanical
                                   strategy.
Portfolio Mgt:              Learn PortX³, a methodology used to create small independent &
                                   objective portfolios.
Results:                      Receive all historical trades in excel files to assist with validation.
Video Recordings:      Receive 6-month access to the Workshop’s video recordings.
Bonus Live trading:    Enjoy 30-days of live trading watching Universal Bandit being
                                   traded live in real markets, with real money. This is delivered
                                   via the 30-day complimentary subscription to Universal Bandit’s
                                   Daily Study Guide.

HOW TO COMPLETE MY ADVANCE COURSE:
My advance course is only available to traders who have either completed my intermediate course Pathway to Sustainable Trading (PST), or own Universal Trader. If that is you and you would like to undertake my advanced Strategy Building course and learn Universal Bandit then please contact me via bpenfold@tpg.com.au with PURCHASE STRATEGY BUILDING in the subject line. Once I confirm you’re eligible I’ll send you the Confidentiality Agreement along with payment instructions to get the ball rolling. No worries. :o)

35+ Years of Experience Shared Over Three Video Courses
If you’re looking to restore your confidence and bring certainty back to your trading then you should seriously consider my video courses. From introductory to advance I have complied an accessible and beneficial educational  pathway. A pathway that distills 35+ years of my trading experience into over 18-hours of video recordings. Recordings that I hope you enjoy and more importantly, I hope you find beneficial. :o)

Yours sincerely,

Brent Penfold
Futures Trader

Author
Futures Adviser
Director, Brent Penfold Futures Pty Ltd.

From time to time I hold Workshops. When one is planned I will highlight it here.