Legendary trader, Peter Brandt - 40+ Years of Extraordinary Returns

EP 036: Trading since 1975, Peter Brandt shares lessons from 40 years of extraordinary returns.
* Why Most Traders Never Succeed: chatwithtraders.com/why-most-...
* More interviews: chatwithtraders.com
* Free eBook: chatwithtraders.com/17lessons
* Twitter: / chatwithtraders
* Facebook: / chatwithtraders
* Instagram: / chatwithtraders_
* Soundcloud: / chat-with-traders
* Sitcher: www.stitcher.com/podcast/chat-...

[@malthus101]

What he said about going your own way, designing your own strategies, I believe now to be ultimately true. It's also the fastest way to learn.

[@elierhiraldo5381]

This guy is solid and straight forward. Really enjoyed this one💯✊

[@hamisintunzwenimana8083]

Great Technical 1. Learning Process; Sampling, Comparisons 2. Systems Thinking / Position Sizing

[@erwanrouan926]

High quality interview ! (apart from the sound going on and off...)

[@ChatWithTradersPodcast]

+E Juanito, thanks! Yeah, that's the downside of speaking over Skype...

[@nessbatka4865]

What an absolute pleasure! Great interview. Thank you both! :)

[@benjy8648]

Brilliant interview. What an insight. Listened to this twice. Thanks

[@niranjanigeetha]

Great to hear Peter speak to 40 yrs of experience. Thank you!

[@FAFash-wo9yg]

This was such a great interview. Thanks you Aaron. So much value. Definitely listening to this again. 🙃

[@coolmugs]

Strong opinions weakly held....so true...Pure gold..Thanks for the great interview Peter and Aaron. Keep'em coming :)

[@arunjuyal5079]

Pure Gold, more power to Mr Brandt and may god bless him

[@rakenraul4270]

Wonderful interview Aaron. Keep up the good work

[@BWT599]

This was one of the best interviews for Chat for Traders. I have been following Peter over the last year on Twitter and recently purchased his book but decided to listen to this interview first before starting his book. Great stuff Aaron.

[@sarahhills7230]

Yeah, me too... I do know him personally

[@Jaydyte]

Awesome interview, thank you.

[@Samir-rc9fd]

this interview is my most favorite one so far!

[@arianfusha1853]

This was one of the best episodes. Good stuff from the OG.

[@razam2849]

Aron mate if you see my comment I appreciate all the great work traveling all over the place recording these pad-cost and putting free on internet as a trader in my 4th year I know how valuable are these clips life changing mate life changing Wishing you a great Xmas and new year 👍

[@Daniel-ju3ku]

Love this episode. Read Peter's first book, want to read his second. Bought the Schaubacker because Peter recommended it

[@amazingGrace108]

This is very valuable interview. Many thanks Aaron & Peter.

[@ChatWithTradersPodcast]

+LifeExamined108 yes, Peter is a very wise man - thank you for listening.

[@davewave8144]

Another great interview - Thanks Aaron & Peter. Took a lot of notes - love his style,!

[@ChatWithTradersPodcast]

+Dave Wave, great - pleased you enjoyed the interview Dave.

[@quantumindicesfuturestrade6873]

So many great traders you'll. Never hear of. But this was a fun interview respect to Peter and to you for an excellent interview

[@410nikko6]

Awsome Interview

[@craigwilliams7746]

I like when he says "Go back and get a job" He is right. Right.. Keep that Candlestick burning while you learn your way in trading. Most the newbies are trading on new fundamentals and no analysis knowledge which is already slipping. I got cocky for a second so I get it ;-)

[@davy1972]

Well said.

[@phihoang3879]

Just bought his book, can't wait to read it.

[@justinhyde3924]

Check his IG profile first lol. Not peter brant

[@blueinfiniti22]

Good as gold. thank you.

[@DOMReplays]

1:04:38 100%. You are a big influence to the world of traders. We appreciate you.

[@alsdrone172]

awesome interview!

[@ChatWithTradersPodcast]

+alex M, thank you.

[@wisemanlionsproductions4653]

This was very helpful.

[@sbrown7210]

Great interview.

[@ChatWithTradersPodcast]

+Shain Brown, thanks Shain.

[@OpenG145]

Hi Aaron, Do you happen to know or remember what Peter said at 1:05:10? The audio drops out right there at an important point. He said, "Every successful trader finds their own way. They find their own route, and its only when they take responsibility for themselves, do they really start to achieve (1:05:10?)"

[@alhale1764]

Phenomenal interview!! Really truly enjoyed this one so much great wisdom!! Thanks Aaron your doing an amazing job!!

[@ChatWithTradersPodcast]

+Al Hale, really great to hear! You can download a second interview I did with Peter Brandt here: chatwithtraders.com/peter-brandt-interview/

[@zensu3248]

@@ChatWithTradersPodcast Hi Aaron, you are doing great work, thanks a lot. Mr.Brandt says here: I trade breakouts at 33:00 But he tweeted the opposite yesterday. Peter Brandt: Reasons I do not chase breakouts: 1. Likely to end up losing money on a reaction and end up right on direction, resulting in emotional drawdown 2. There will always be another good trade 3. Best to not be compulsive about a given market 4. Avoid bad habits ------------------ Maybe it's me, misunderstood or maybe he changed his strategy. What do you think, Aaron?

[@justinhyde3924]

What is e biggest takeaway from the interview?

[@livingmydreamtrading4824]

Love these conversations!

[@sarahhills7230]

Yeah me too, Are you into trading too?

[@homealgordoncorp.8169]

wonderful interview Aaron !!!! very great , its a must listen again for me

[@ChatWithTradersPodcast]

+Homeal Gordon - thanks! Peter is a wise man and has so much to share. You can get our second (more recent) interview here: chatwithtraders.com/peter-brandt-interview/

[@homealgordoncorp.8169]

+Chat With Traders - I found your channel about 2 weeks ago and from then until I listen your program everyday , you are the modern jack Schwager my friend , love what you doing , and will most definitely recommend to my friends

[@rcontre31]

Awesome, Peter never gave up

[@sKprmAN]

thank you

[@Theydonotcare]

Thank you Aarons Fifield for you work.

[@ASAT225]

I really appreciate your channel, Aaron. As a new trader your channel has been extraordinary in the sense of hearing from seasoned traders. Cheers!

[@ChatWithTradersPodcast]

+Tony you're welcome man, nice to hear you're getting value from the podcast.

[@sirbigmind1994]

HI man how u doin' now?

[@reinhardrinaldo350]

Good one thanks

[@jasonjohnson6216]

I really like this guys trading style

[@paulheiting4756]

Thank you, Mr. Brandt, for sharing your wealth of knowledge.

[@Peter_Potato]

Thanks Aaron for an interesting episode of Chatworth Traders

[@jasonjohnson6216]

I really like this guys style

[@toddmcdowell5194]

Thanks, Aaron, for "Chat with Traders"! I've learned so much from your interviews! As Peter said, your podcasts are carrying on the valuable work of Jack Schwager's "Market Wizards"...

[@ChatWithTradersPodcast]

+Todd McDowell that's awesome, I'm pleased you're learning lots from this. Thanks Todd!

[@toddmcdowell5194]

+Chat With Traders... Also, Aaron, I forgot to say that I really like how you how you interview. You don't make the interview about yourself and you don't interrupt at all. You allow the person you're interviewing to fully express themselves and you ask very thoughtful questions. Thanks again!

[@ChatWithTradersPodcast]

+Todd McDowell I appreciate the great feedback Todd ;)

[@jamesharley3783]

Great interview with Peter who was so generous with his insights and wisdom on the art of trading.

[@deanvanstan7742]

Big up to Aaron Fifield...Loving your interviews especially with Peter Brandt...Both episodes

[@larkdavis7294]

Even with the economic fluctuation I'm very excited to have earned £6k with the help of treader Peter brandt

[@ken34258]

Great one!!!!

[@ChatWithTradersPodcast]

+Kenneth Ma thanks buddy.

[@vineetverma4547]

Thanks. Realistic

[@50kT]

Pure gold, imagine having this guy over your shoulder as you traded and looked at the charts.... That would be awesome I swear I was making better trades under the bear market, but as soon as things are going up everywhere, and everything is green I've lost the most lol

[@davrocket5304]

thanks for all the interviews it's a golden nest for traders that want to learn more. I listen to them all.

[@Ace-rm7mn]

Very nice

[@markh3097]

Loving the interview so far, is it cutting in & out for anyone else?

[@Neosoccerblue]

+Mark H Yeah, does cut out here and there, kind of annoying

[@ChatWithTradersPodcast]

+Mark H yeah, that's the downside of Skype...

[@markh3097]

Ahh I see....well the content is awesome!

[@ChatWithTradersPodcast]

+Mark H thank you! I was thrilled to have Peter on the podcast.

[@mertulasan91]

thanks

[@TheFu1709ck]

this is gold

[@cristinadacunha6421]

Great advice. Don't quite the day job until you are consistently profitable.

[@advocacy6738]

How do we find the book mentioned at 45min? Was is SHAW BAKER? I can't find it online and the youtuber didn't linked it in the description...

[@Tonehayrod]

thx

[@jayfowler1370]

Love the interview!

[@ChatWithTradersPodcast]

+Jay Fowler thank you :)

[@jayfowler1370]

What do you think about etrade?

[@ChatWithTradersPodcast]

+Jay Fowler I've not used E-Trade myself, I don't have an opinion on them.

[@jayfowler1370]

ok! Thanks

[@moneymandblavemraps9450]

Nice

[@larkdavis7294]

Great

[@lucrtrvl]

@ 28:16 what was the book Peter Brandt mentioned? Tx!

[@tradingpsychologyacademy2025]

44:12 49:20 1:05:00 1:06:20

[@arifjamadar24]

Which author bood did Peter recommend? Pl revert?

[@Raszcall]

Pter Brandt was revering abook, at 41:15. cant understand what the titel is. Can any one help?

[@amcno03]

Technical Analysis and stock market profits. Richard W. Schabacker

[@magnusgravergaard2641]

You should interview Tom Hougaard. Really succesfull trader. Throw around millions

[@samsun01]

If you heard about Tom Hougaard, we already heard about him. You ain't the fast or smart one.

[@magnusgravergaard2641]

@@samsun01 What the fuck is that of a comment? Idiot.

[@MrAcSP]

Tom Hougaard is a scalper, has no fixed stop loss and adding into his positions. He looks for each 1 and 5 minute candle and take a guess what the next candle looks like. It’s hard to understand what’s going on in his mind to enter a trade.

[@arielleHT]

Gold

[@roger_rogers]

do you audit claims?

[@thomasj5722]

He got so much wisdom, i like your questions you are very well prepared. But i know its probably an old habit, but every time you say ´yeah thats a really good anwser´ I find it kind of insulting but maybe it´s just me. I love your channel.

[@OneCreator87]

Thomas J Voss It's like a "yeah whatever"

[@AlexFoo89]

One way u can do is to rephrase the main gist of the idea to show that you listened and understood. U can learn this via Covey's 5th habit. It's already hard for Aaron's part to prepare podcast, and to be attentive listener throughout (who knows how many background work he needed to do). Once again, thank you :)

[@claybowlproductions]

That's just his thing. He doesn't mean anything by it but that it really was a good answer.

[@jaumecasalssegales4618]

someone can try Blended Model strategy for trend following day trading, for more than a week now, I make profit of $ 1020 in every 2 hours of trading a day. try and also learn to use these technique developed by *Dmitry Vladislav* ... because before you start investing you need to develop a plan, you can find this strategy on google and know more of it.

[@handyrams4664]

Is it possible that after someone has been trading for decades they become less intuitive with where the market is going than what they were 20 years ago?

[@mikefitzgerald3835]

5 STAR!

[@jurajontko8563]

erin ťhankscant stop listening

[@luyuyao]

Use zoom next time.

[@24hrdiner]

Trades 8 ,10 weeks to pick up patterns. One week charts show pattern . 31min. He looks at closing price not price during day.

[@TY-yp5eg]

💎💎💎

[@itm_randy]

only likes horizontal support trades

[@jammapcb]

whats this guys net worth?

[@CScott-wh5yk]

Millions

[@honeyqk]

I notice a cut in his speaking every minute or so. It is distracting and hard to follow him. Otherwise thank you for this!

[@lab-virus]

I'm astonished by how wrong he was with regard to his understanding of how HFT market making operates. He thought algos queuing on bids and offers was an immoral, manipulative practice, which was essentially confusing their market making activity with actual manual spoofing from the likes of big institutional traders that has since been sentenced in court. Peter is an excellent longer term trader based on chart patterns, but he was heavily misinformed about the nature of scalping activities, believing the myth that algos are all out to hunt for and stop out his orders.

[@PointsOnly]

The algos do hunt your stops, not anyone particular person like its personal or something. People program the algos, they know based on experience where the weak hands put stops roughly because human instincts are very consistent. If the algo calculates the markets likely to go higher, once it goes up to a certain level, it's likely more people will rush in and buy due to FOMO, then the market flushes back down and takes out stops, people who use mental stops, and the traders who move to breakeven real quick. Traders who missed the initial pop and ones who were waiting for the flush start buying. The algo buys more during that process, making it pop up even more, then the pros move in and start buying.

[@lab-virus]

@@PointsOnly Well done laying out the dynamics! As you described, these type of algos are specialized to hunt down the stops in the same way a human professional would 40 years ago in the pit, except the algos are way faster. But to successfully hunt the stops, this strategy only works in certain market environments, at certain phases of a trend, but not others, so the HFTs that are not tuned correctly to a given market state may end up feeding their orders into brick walls (in the form of icreberg orders) sitting firmly at a price level, where some guy with a deep pocket is holding the market up, happily absorbing all the clueless algos that are trying to run this level, only to get themselves trapped. So there's a tradeoff for the stop-hunting algo's strength, which can easily be played around by intelligent human scalpers. I know of many stories of incredible traders in top prop firms who literally made millions, specialized in feeding off of these stop-hunting algos, because these algos are so predictable and leave traces in the price action that are recognizable to a trained eye. Coming back to my original comment under this interview, from what I heard Peter Brendt describe the interactions in the order book, I found his characterization shallow and unsophisticated, he naively assumed the fact that he didn't have knowledge to outplay the algos means the market has become an unfair place for all human discretionary traders (on short term scalping time frames), not realizing that, since the inception of the market, the rule of survival has always been market participants trying to outwit each other, it's just that the competition has taken up a different form in the modern computer era, but the nature of the game is still as fair as the past.

[@bigrush2674]

Not sure I like this at all

[@sraychaudhuri6829]

Even my dead body will not go to Canada

[@wildmanmike100]

seriously bro..hard to say anything negative about this channel. I think you do an amazing job. However, you should work on your voice. You're like those rubbish rappers on really good beats. Your voice is trapped in your chest and throat.. Take in more air when you speak to push your voice out. Get a voice coach for pete(haha) sake. Maybe learn to sing to improve resonance .

[@nickk9499]

weekly charts.. yawn

[@oltrelanarrativa]

worst guest imo, something about this guy give me shivers. bzzz