Three Mistakes Technical Traders Make - Laurens Bensdorp


I love sharing what I’ve learned over the last 20 years, but sometimes it’s frustrating.

You see, I’ve discovered that just giving someone the knowledge they need isn’t enough; they have to have the discipline to follow the rules.

For example, a lot of traders lack the discipline to subordinate their emotions to the rules.  They understand intellectual the ‘why’ and the ‘how’, but they lack the ability to stay out of the way.  They buy too early or too late or not at all, or they sell too early or too late or not at all.  They’re really gamblers, not traders, because the gambler is in it for the thrill that comes from participating in the event in a financially meaningful way.

Other traders have no problem following the rules, but they’re ‘married’ to a single strategy.  They’re all in on that one strategy as if it was a divinely revealed commandment.  They follow it wherever it leads them...often to ruin.  

Successful traders utilize multiple strategies.  Some strategies work better in bull markets than bear markets.  Some strategies work best in a ‘sideways’ market.  Some strategies only work when they are paired with another strategy.

When you’ve got multiple strategies working for you, it’s like sitting on a bar stool with multiple legs.  You want something comfortable, stable and reliable.  Pretty soon you won’t even care what happened in the market, whether it went up or down or did nothing, because your strategies are working for you, regardless of marketing direction.

Here’s the third mistake even the most experienced traders make:  their strategies are correlated.  They have unintentionally paired strategies that effectively duplicate the inherent risks and missed opportunities.  The most successful traders in the world (like my students), employ a suite of non-correlated strategies, all traded simultaneously.  

For example, mean reversion is the opposite of trend following and yet they work great when they’re combined.  I explained this in depth in chapter four of “The 30 Minute Stock Trader”.

I can help you apply my proven strategies to your own personality, goals and risk profile to create an automated trading system with proven, multiple, non-correlated strategies so you can beat the market-regardless of direction.  

If you’d like to have an expert helping hand, I invite you to apply to my Elite Mentoring Program here.  There’s no obligation, no high pressure sales pitch and absolutely nothing to lose.  In fact, many people have told me the conversation is the most valuable half hour they’ve ever invested in themselves.

I look forward to chatting with you.

Laurens Bensdorp
Founder Trading MasterySchool
TradingMasterySchool.com

Location: Plaza de la Solidaridad, 12, 29006 Málaga, Spain

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