Chat With Traders
292 · Laurens Bensdorp - Running 55+ Systematic Trading Strategies Simultaneously
Dec 5, 2024
Laurens Bensdorp, author of bestselling trading books, shares his journey from a struggling discretionary trader to a systematic pro. He reveals how he developed over 55 automated trading systems that optimize returns and minimize losses. The discussion highlights the evolution from mean reversion to trend-following strategies and emphasizes the critical role of risk management. Bensdorp also touches on the psychological challenges traders face and hints at future projects, including his upcoming book on IRA accounts.
01:01:40
Episode guests
AI Summary
Highlights
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Laurens Bensdorp's transition from discretionary to systematic trading exemplifies how employing multiple strategies can effectively manage risks and improve profitability.
- Utilizing a firm's capital through programs like Trade the Pool allows traders to scale operations, enhancing profit potential while alleviating emotional stress from personal financial risk.
Deep dives
Becoming a Funded Trader
Trading with a firm's capital instead of personal funds provides a significant opportunity for traders, allowing them to leverage substantial buying power while managing risk. Programs like Trade the Pool facilitate this by requiring traders to complete evaluations that focus on achieving specified profit targets and risk management before gaining access to significant capital. With the potential to retain up to 80% of profits, this model enables traders to trade larger positions without the emotional burden that often comes from risking personal earnings. It creates an attractive avenue for traders looking to scale their operations and gain exposure to financial markets.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
