Rick Bensignor’s Trading Toolkit

Published on
July 30th, 2019
38 minutes

Rick Bensignor’s Trading Toolkit

Mental Game of Trading ·
Featuring Rick Bensignor

Published on: July 30th, 2019 • Duration: 38 minutes

Rick Bensignor, CEO and founder of the Bensignor Group, has faced a series of challenges over the course of a multi-decade career as a trader and performance coach. In this compilation, Bensignor breaks down some of those formative experiences, and shares the psychological tips and tricks he has picked up along the way, in the hopes that others can avoid learning them the hard way. Please note that this video is comprised of shorter clips that previously appeared on Real Vision, compiled here for ease of viewing.



  • DW
    Denton W.
    5 September 2019 @ 16:30
    The Mental Game of Trading videos with Steenbarger and Schull were awesome. I learned a ton from them, and it opened my mind up to concepts and practices I never thought of or heard before. I am a substantially better trader today (and have better life skills) because of them. Although he has just had two videos so far, I put Valiante in the same category. I can't say the same about the Bensignor videos. He is like five levels below them. Nothing original or interesting. And a huge overly inflated ego to top it off.
  • Al
    Aurora l.
    4 August 2019 @ 08:07
    Great staff
  • Hv
    Hannah v.
    2 August 2019 @ 20:07
    I love it when a guest discusses “the how.” Sure, what you do is interesting.. but, how you do it is tasty meat and makes for a full interview experience. Thanks Rick.
  • CB
    Connor B.
    1 August 2019 @ 16:05
    Who are the 8 guys thumbs downed this video? It was great!
  • CS
    Charles S.
    31 July 2019 @ 18:34
    Lot of great points, and I am nowhere near where I want to be as a trader, but I will take issue w/ Rick's view that it's futile to compete w/ algo machines, esp intraday -- if you study price, assimilate as much edu as possible, and do a lot of thinking, you can find multiple models that are not violated by machine algos. In fact, my observation is that the machines are extremely precise and consistent at certain kinds of contexts and levels; the real challenge in my opinion is to manually execute intraday strategies as fast the computers do -- the implication for me is that I need to write programs that implement the algos I've written and stop manual execution.
  • PG
    P G.
    30 July 2019 @ 10:58
    If it's true that 70% of trades are done via algorithems, doesn't this render technical trading worthless?
    • KI
      Kelly I.
      30 July 2019 @ 12:34
      Good question and doesn’t that number also diminish the importance of behavioral finance since people are only behind a minority of trades. Instead We should be studying machine learning and the equivalent “behavioral” tendencies of algorithmic programs both individually and working together.
    • PG
      P G.
      30 July 2019 @ 21:25
      Or WE should create the algos 🤔 My thoughts now are; if we can create the algos, down the line we will have tens of thousands of algos created by different people (the same way we have websites now), and if so, it will bring back efficiency to the market, because smart people will be the ones creating them. Just a thought.
    • VH
      Victor H.
      31 July 2019 @ 05:23
      On higher time frame, my technical analysis can still beat algos.
  • JH
    Jason H.
    31 July 2019 @ 03:03
    Rick, excellent commentary on the psychological and emotional elements of the business. Also fully agree that discipline is paramount to long term success. I also see where you’re coming from on the comments regarding anchor price of a position; our particular entry price means nothing to the subsequent price action of the asset. That said, Is there not some risk management value to drawing a line in the sand, based on a percentage of entry price, as to where you are exiting a trade? If one is using too much subjectivity on exits and incurring losses of more than 7-10%, it seemingly becomes mathematically difficult to offset those losses. Interested to hear your thoughts on this, thank you.
  • SP
    Steve P.
    30 July 2019 @ 23:04
    This is such great psychology and therapeutic speaking
  • CB
    Clifford B.
    30 July 2019 @ 22:28
    Great content. Lots of key points brought together in a straight forward fashion.
  • KD
    Kaj D.
    30 July 2019 @ 15:02
    Excellent, thank you Rick
  • JH
    Jesse H.
    30 July 2019 @ 14:29
    This was excellent, Rick - thank you. Really good advice - I am in my 30s but just starting out in trading, having formerly been an engineer. I find that bringing a disciplined and rigorous mindset is key, exactly as you say, but following one’s intuition on the longer term trades, also key. And the ability to distill / separate intuition from impulse is also key. Self-awareness is definitely vital, I reckon, in seeing where our emotions arise and how they may be influencing all of our decisions. Once again, great stuff- thank you.