Riding out the draw down

[murray t turtle]

What drawdown? For you particular trading system, or for the market in general? The S&P 500 is less than 3% below its all-time high. If you think that's a drawdown, you haven't been trading for long...

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LOL.
SPY is now off 2% from 52 week HI/all time Hi. NObody with any sense said this would be easy, QQQ is off 4% from 52 week HI/all time Hi. But QQQ >>22% YTD+ dividends

Positive % YTD, as SPY,QQQ have been /are; takes much of the pain from a ''drawdown'' The real killer is something like TSLA, 191% in debt, no dividends, >> minus -31.777% YTD. Then the SEC fines it $4o million; + that TSLA downtrend could go to goose egg/zero. NOT a SPY/QQQ prediction, but its a bull Market you knoW.........................................................................................

 

[viruscore1]

I look for good stocks (fundamentals) support (hahaha) and buy calls 3-6 months out.

 

[murray t turtle]

I look for good stocks (fundamentals) support (hahaha) and buy ...........

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Me 2; or ride ETFs/ profits ,

 

[ironchef]

I look for good stocks (fundamentals) support (hahaha) and buy calls 3-6 months out.

Sounds like a good winning system. Believe in your system.

I had a horrendous drawdown last December and I thought my luck finally ran out. Good thing I didn't quit.

 

[goodgoing]

I was reading this article yesterday and thinking about drawdown. I believe most are not able to deal with drawdown greater than 20% and their actions make it even worse.

 

[tomorton]

Don't let drawdown dictate your trading plan. Make a plan right after you adopt a strategy, but right before you start using it.