Better System Trader
239: Confident Consistent Trading - Laurens Bensdorp
Jun 27, 2024
Explore algorithmic trading with Laurens Bensdorp, who mastered 55 systems, shared tips on risk tolerance, mean reversion, psychological impacts, and system development. Highlights include diversification, risk management, market regimes, simplicity in strategies, and the shift towards prioritizing risk over profits.
58:11
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Quick takeaways
- Diversifying trading strategies aids in risk mitigation and adaptability to market changes.
- Prioritizing risk management and psychological resilience over quick profits is crucial for successful trading.
Deep dives
Overview of Lawrence Benstorpe's Trading Journey
Lawrence Benstorpe, an experienced trader from the Netherlands, shares his systematic trading journey that began in 2000 with no knowledge of trading. Initially aiming for easy profits, he quickly faced losses and realized the need for a structured approach. Transitioning towards technical analysis and trading systems, he delved into mean reversion trading, appreciating its logic and suitability for his risk tolerance.
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