Best Way To Deal With A Large Drawdown

Best Way To Deal With Drawdowns

  • Step back from trading, re-evaluate and change strategy

    Votes: 15 30.6%

  • Continue strategy but reduce size

    Votes: 25 51.0%

  • Take a break from trading all together for a while

    Votes: 6 12.2%

  • Try win it all back on one or two well timed trades

    Votes: 3 6.1%
  • Total voters
    49
Fundlord said:
The plan was to have winners equal or double my losses but internal conflict caused me to cut winners short so they would always end up a fraction of my losses. But the plan was to have winners 2X my losers.

I will keep updating this thread if anyone wants to see if I make it through the storm.
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I like risking $3, to make $8, or 9.......... I kicked one out/cut loss earlier, before it ever got close to a $3 loss/swing trade; it was not acting right, not trending as well as tek stocks/bank stocks.
AS far as a cutting winners too soon; like/love to study monthly candle charts[ bar charts if one prefers them]- will prove what a trend can do, for months, + months:cool:
 
murray t turtle said:
%%
I like risking $3, to make $8, or 9.......... I kicked one out/cut loss earlier, before it ever got close to a $3 loss/swing trade; it was not acting right, not trending as well as tek stocks/bank stocks.
AS far as a cutting winners too soon; like/love to study monthly candle charts[ bar charts if one prefers them]- will prove what a trend can do, for months, + months:cool:
More...
May I ask you a question Mr. Turtle: Do you day trade or swing trade? And how do you determine R:R prior or at the time of entry?

Thanks.
 
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