Best Way To Deal With A Large Drawdown

1) Read or re-read any of two Mark Douglas's book
2) everything else will be clear after that

 

Don't have one

 

lol agree.

 

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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

 

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.

 

Best way is not let that happen, which may imply you working your butt off.

 

I wish.

 

I agree with the above kind of...

The best way is to try to not let it happen AGAIN. Think Klingon painsticks. Ow!!!!

 

lol!

 

A rope shorter than the distance between the ceiling and floor minus your height.