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 ============ Gamblers / traders mindsets are worlds apart Below are examples of a gamblers mindset =============== 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
Probably all traders have gone through this. No matter what advice is given, outcome is a personal matter. Big funds go through large drawdown stages.
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.
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.
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!!