Laurens Bensdorp

Your automated trading strategy does not benefit from adrenaline.  In fact, if you’re pumped up about something the only thing you can do is screw up your strategy.  That’s because adrenaline puts your brain into ‘fight or flight’ mode, which is great when you’re fighting a wild animal on the savannah or running from a burning building, but really bad when you’re looking at historical price action. So here’s a crucial rule all successful traders follow:   Don’t trade at all on days in which there are no ‘low-risk’ trades available. Many new traders think they’ve got to trade all day, every day.  This is a huge mistake .  Trading when you don’t have a low-risk (think high probability), trade will only lead to big losses.   It’s perfectly fine to ‘sit out’ a day and do nothing at all.  Remember that most days have very little price movement.   If you go hunting after a trade when the odds are against you, you’re no longe...