Best Way To Deal With A Large Drawdown

[murray t turtle]

I wish.

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Actually, not a prediction, but a ''drawDown'' is better than a loss.NOT a prediction, but not likely SPY+ QQQ .......goes to zero/goose egg, but they may drawdown. LEH, GM did go to zero/goose egg. AIG maybe not has gone to zero but Mr Carl Ichan helped bust them up good LOL,,

 

[ironchef]

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Actually, not a prediction, but a ''drawDown'' is better than a loss.NOT a prediction, but not likely SPY+ QQQ .......goes to zero/goose egg, but they may drawdown. LEH, GM did go to zero/goose egg. AIG maybe not has gone to zero but Mr Carl Ichan helped bust them up good LOL,,

You have been preaching swing trade using IBD methodology. I read up on W. O'Neil and his book again this past weekend. Began to make some sense to me. Thanks Mr. Turtle.

 

[newwurldmn]

Cut the trade... than throw pencils at your screen... and start chopping some wood...

Why isn't that option available in the vote?

I have never heard the phrase "throw pencils at your screen." What does it mean?

 

[JackRab]

I have never heard the phrase "throw pencils at your screen." What does it mean?

It means exactly that... throw pencils at your screen. You could also throw a brick, but that would add to the cost/loss, a pencil wouldn't make much damage.

Also... I've broken a fair few mouses, dented my desk, broken mugs... Key is to grab something that's not too costly.

My wife argued I needed a stress ball, but that's actually quite heavy and I'm afraid it will go through the window instead of bouncing of it....

Those are basically the direct rage options. I found that chopping wood helps with the anger of being a stupid idiot who shouldn't have done that particular trade anyway... It's quite relaxing really...

 

[newwurldmn]

It means exactly that... throw pencils at your screen. You could also throw a brick, but that would add to the cost/loss, a pencil wouldn't make much damage.

Also... I've broken a fair few mouses, dented my desk, broken mugs... Key is to grab something that's not too costly.

My wife argued I needed a stress ball, but that's actually quite heavy and I'm afraid it will go through the window instead of bouncing of it....

Those are basically the direct rage options. I found that chopping wood helps with the anger of being a stupid idiot who shouldn't have done that particular trade anyway... It's quite relaxing really...

Ah. You were being literal. Maybe it's an American thing but "chopping wood" means doing small inconsequential trades.