Chat With Traders

292 · Laurens Bensdorp - Running 55+ Systematic Trading Strategies Simultaneously

38 snips
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.
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ANECDOTE

Venture Capital Troubles

  • Laurens Bensdorp's family's venture capital firm was struggling financially.
  • This led him to transition from adventure tourism to the world of finance.
ANECDOTE

Early Trading Losses

  • Bensdorp started trading with a $30,000 account, initially aiming for unrealistic returns.
  • He experienced several years of losses due to a lack of a solid strategy.
INSIGHT

Turtle Traders Inspiration

  • The Turtle Traders' systematic approach inspired Bensdorp.
  • Their simple, rule-based system highlighted the importance of statistical feedback and backtesting.
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