How do you recover from a 80% loss?

[failed_trad3r]

Stops are for losers. I rather go into drawdown then use stops.

 

[Lucrum]

Quote from failed_trad3r:

Stops are for losers...

Interesting perspective...from a guy who just admitted to losing
80%.

 

[SnakeEYE]

dolts!you are all dolts..or dolls

 

[1a2b3cppp]

Quote from 1a2b3cppp:

By not selling. I'm drawn down around $30,000 right now on my SPY position. I'm certainly not going to sell it and take the loss. And if SPY hits 115 I'm going to add more.

edit - this advice depends on the instrument being traded.

Three days later and I'm drawn down around $64,000 ($51,000 after hedges). I bought more at 115 as planned and am looking to add more at 105 or 100. Haven't decided yet.

 

[Jackie Treehorn]

No need to worry at this point...




Your prob down 100% by now...