Yesterday Doesn’t Matter — Laurens Bensdorp


Trading nirvana is when you get to the point that your daily results don’t matter to you anymore. I know that sounds crazy, so let me explain.

The only thing that matters to the elite traders of the world is the progress towards the defined long-term objective. When you’ve set that correctly and you are following your rules 100% of the time, you won’t care about yesterday, today or tomorrow’s results.

It’s not that we master traders are in some sort of ‘Zen’ state where nothing matters, it’s just that we know that trading, like life, isn’t made up of perfectly straight lines! There are ups and downs along the way. There are rainy days and sunny days. Do you get angry and shake your fist at the sky when it rains?

Of course not!

The sun rises and sets every day, the tide goes in and out, and the markets go up and down. There will be days you make money and days you lose money.

In fact, I will have many losing days this year. It might even be 40% of all days. That doesn’t matter, because the metric I track most closely is whether or not I followed my own rules.

You see, I know from my experience over the last 20 years and from backtesting the data for decades that over time I’m going to make money. I might lose on 40 days out of 100, but that means I win on the other 60, and it just so happens that my average daily profits far exceed my average daily losses.

Knowing that, why would I care whether today is a winner or loser? What I care about is that the markets will be open!

Tomorrow I’m going to broach a sensitive but important subject: size really does matter.

Until Than, Happy Trading !

Laurens Bensdorp
Trading Mastery School
TradingMasterySchool.com


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

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