I think posters are leading you down the wrong path. Analysis has been done on profitable trader's accounts, nearly all have losers that are smaller than winners and win rates near or below 60%, most have win rates well below 50%. While losing traders win more than 60% of the time but end up with losses that are much bigger than winners, and any winners are not big enough to compensate even taking into account the higher win rate. The Market rewards traders who let profits run and cut losses short. Don't believe anyone who says otherwise unless they can show you evidence they can do it the other way. All the evidence out there points the other way..
Thank you volpri, I would appreciate it sir. I am looking for techniques, on how to get out drawdown. Thank you I do not care or give a damn about what anyone says, if a trader can not get out of drawdown in a timely manner, it is best to quit trading and find another way to get rich.
Hello Businessman, I understand what you mean and I agree with you. I am not disagreeing with you. We all just talking having a trading discussion trying to get rich.
Don't get mad at me for speaking out of line. I do it because @Handle123 is not responding. If you have a reward risk less than 1, that is a statistically unlikely event. Unless you are really unlucky, it usually means your setup or approach is flawed. Maybe you should go back to adjust your setup/approach.
I have no reason to doubt you,other than the sniff test,but averaging down 12 levels,which I assume is 12x makes very little sense to me .. Maybe thats why it could work,despite wreaking of curve fitting..Regardless,thanks for sharing
What made me start this thread was watching a video of Rambo https://youtu.be/EkRw6NC0Jew?si=UzrSrVnu76f-ZFa What he said about losing got to me
Most trading systems will give long losing streaks and drawdowns, drawdowns that last 50 or one hundred, or even more than 100 trades. Nothing you can do about it. It is just the law of probabilities, you can't escape it. But on the positive side the same system can print money when on a winning streak, if you are still around to take advantage of it and haven't thrown in the towel... You seem to be searching for the holy grail: a system that has quick drawdown recovery.. trading isn't that easy, you have to have patience. Some times I think trading suits old people better than young, where months in a drawdown fly by quicker because as we get older time seems to speed up.
Hello Businessman, Thank you. I definitely agree with you. Depending on the trading style/method/strategy/system/trader, drawdown could last X-XX seconds/minutes/hour/days/weeks/months/years. The only challenge/problem with this is, the trader does not know how long drawdown recovery will take without historical stats to prove it. Otherwise, uncertainty will eventually eat the trader alive and account is blown or lost.
Nearly all traders have losing months. Maybe there is the odd super trader out there who has never had a losing month ever. But most of us have losing months. So talk of drawdowns only lasting seconds/minutes/hours/days and is unrealistic for most of us. I think in terms of months and worst case years. Although year long drawdowns are rare they can happen for my trading.