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So I am.

Ok then, drawdown happens but they need not be out of control.

thing is, these puzzles may not seem to have anything to do with trading but they actually do in the sense that force you to think and to see things in unexpected ways. To succeed in trading you need to see things differently from the multitude as if you don't, you are likely to get what the...

But why there should be a drawdown at all? if the trade is not going where it was expected then you should get out and (in some cases) reverse at the first pullback, no?

well, my account is about 50K and growing about 1% - 1.5% a day...

I am not saying that I would stop trading once I have made enough not to need trading, but I simply would not do it out of such a huge account, I would diversify and put my money in different places, even brokers fails and I wouldn't want to fail with my money...

why should I suffer such drawdowns? even if I should get all my losers in a raw I would still be down by a few % as while I may allow in some rare cases a loser to go down to 1% or 2% of my account most losers are a fraction of that as normally I get out well before my max risk...

OH, I am pretty sure I am on the right business as I trade and make what I need to live and then some, and on top of that I have the time and the freedom to use it as I wish which is the reason I got into trading in the first place... but then, for me the money I make trading are the mean and...

exactly, the longer you stay in a trade the higher the risk of something going wrong. you need not be a scalper though, as you can split a measured move into smaller blocks...

well, I do not agree that increase returns means increased risk as it depends on the how much you need to be out to know your trade is not working, of course if you swing trade than you need to leave wiggling space to the trade and so you may be under by few % before you know the trade is not...

yep, probably you are right, I will let you know what happens by the end of the year...

well, lets give some context: no leverage on stocks, max 8x on Forex 1-2% max drawdown on the account and very occasionally as if the trade is not doing what is expected it is better to get out and occasionally reverse Why would I want to do that? I would never retail trade with a 10M$ account...

as I said between 500% and 2000% is achievable for a few unusual thinkers.

Well, not the kind of magic that people looking for the graal would expect... fortunately I read the following words my first day of trading: " Why Is The Obvious Not So Obvious? I have read thru some of the recent and distant posts in this section, and have come to the conclusion that; the...

stick with your job, most who try to trade fail. on the other hand, few that are very determined and accept to do the work that is necessary to reach profitability may get there. Also I could (tray to) explain my trading method in details and it would be of no use to anybody as you need to...

no magic in the book, it does not teach trading per se as you can only learn trading on your own...

Risk management will only delay getting broke if you do not get the entry right way more often than not...

Yes, true, I guess I need to clarify one point: when I said I brought risk under control I meant that I moved from "I do not have a clue about what I am doing" to "this is a low risk entry point, I expect price to move this way, if it does I will get out when I see sign that the trade is not...

well, once upon a time I looked for the one (or three) trade that would make me the daily income, now I rather take what is one the plate often and of course when Madame luck comes my way I welcome her, but I do not hold my breath waiting for her as I do not really need her. I am happy with what...

Hmmm, I actually just did that (quit my job to day trade) few months ago and for the time being I am pretty happy about my choice. Of course I came to hate my job as it was killing me (literally) and I have some financial security so even if things should go wrong with trading I will be covered...