He is, if he is getting whipsawed a lot then he might be better off without ( not a recomendation ohhh no ), falling win rate and not letting profits run to cover are his main issues.
Best Way To Deal With A Large Drawdown
- Thread starter Fundlord
- Start date
He is, if he is getting whipsawed a lot then he might be better off without ( not a recomendation ohhh no ), falling win rate and not letting profits run to cover are his main issues.
OP
Not picking on Ya…, nor any disrespect intended
But in consideration of new / aspiring traders – I think there good lessons to be gleaned
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Gamblers / traders mindsets are worlds apart
Below are examples of a gamblers mindset
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Asides
Most of the replies to the OP in this thread – are frankly..., sickening
If you’re an actual trader – you suck
It you’re a pretender – you should be ashamed of yourself for offering up such bullshit
This guy is struggling…, and on the brink of failure
But then I suspect most of you have never stared failure dead square in the eyes
Too bad - for it offers up the opportunity to see exactly what you're made of / who you truly are
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2nd aside;
This is exactly why I find the mind…, the mkt…, trading..., and to a much lessor extent..., people - so fascinating
First 3 offer up the total freedom to slice one’s neck from ear to ear..., as deeply as they desire
Meanwhile many watch..., finding some sort of enjoyment / entertainment / holier than thou -watching as one goes through it
I do not
RN
Not picking on Ya…, nor any disrespect intended
But in consideration of new / aspiring traders – I think there good lessons to be gleaned
============
Gamblers / traders mindsets are worlds apart
Below are examples of a gamblers mindset
Gone from 6 figures back to 5
Its as if once I put my position on the price just goes immediately against me.
I still have a large enough war chest to make a comeback Livermore style
Total drawdown has reached 33%,
this thread will mark my demise or comeback
I was 5x leveraged
===============
Asides
Most of the replies to the OP in this thread – are frankly..., sickening
If you’re an actual trader – you suck
It you’re a pretender – you should be ashamed of yourself for offering up such bullshit
This guy is struggling…, and on the brink of failure
But then I suspect most of you have never stared failure dead square in the eyes
Too bad - for it offers up the opportunity to see exactly what you're made of / who you truly are
=======================
2nd aside;
This is exactly why I find the mind…, the mkt…, trading..., and to a much lessor extent..., people - so fascinating
First 3 offer up the total freedom to slice one’s neck from ear to ear..., as deeply as they desire
Meanwhile many watch..., finding some sort of enjoyment / entertainment / holier than thou -watching as one goes through it
I do not
RN
The Livermore reference was a joke, I am not a gambler by nature.
I will never run in traffic to pick up pennies, I always look for asymmetrical opportunities.
By real trader I assume you mean someone who makes a living from trading then yes I am a real trader.
UPDATE: I erased half of the drawdown back at 16%, a string of winners has upped my confidence and I've got my confidence back in pulling the trigger when the time is right.
Yup, its a good humbling experience helps you really get back on your A game.
you sound like you're pretty much overleveraged?
if you have 28% DD and make make back half of that within some days, IMO your position size is way too high. then you also can't complain about high DD. slow down.
if you have 28% DD and make make back half of that within some days, IMO your position size is way too high. then you also can't complain about high DD. slow down.
First.., one need separate the independent mechanical traders from the "big funds"
Completely different dynamics
With regard to the independent mechanical trader
There is absolutely no need..., no sense..., no reason - to ever experience a large draw down - none..., nada..., zip
RN
Got to disagree, he's just had a bad run, we get them.
We don't know his account value, 28% or whatever down from high, might not be many $$$'s, he could be in the small account huge growth game, which requires higher risk or whats the point.
I've lost 30% in a single trade, as said BAD days happen.
No matter how good you are, your going to always sooner or later run into a batch of losers, I have a 80%+ win rate and still get weeks where I can't make a profit to save my own butt literally.
Less judgey, more helpy!! IMHO!!