Here is my equity curve. The absolute $ numbers are wrong, I just adjusted it for deposits/withdrawals. Had 55% DD, until recovered. This is my 3rd take to trade futures, blown 2 small accounts before, first of $6K, then of $15K. Critics and suggestions are welcome. HLB
I didn't have a stop..not to my knowledge...I don't even know what the set up was that told me to short. Classic newb for ya . Had I waited to short 3 weeks later, I'd be a different story.
What instruments are you trading?? It looks like your equity curve was unaffected by the Feb 27 equities "dip" if we can call it that
I'm not actually a big advocate of stops or anything, but was just trying to figure out if you had a plan which "changed during the trade" eg had an initial stop then violated your own rules..
I trade mostly: 6E, NQ, YM, QG, QM, RB and HSI Before the dip I was short NQ, but covered too soon and averaged down into long. But because I trade also energy futures and euro it was OK I guess.
cashmoney69 "I think we'd all be better traders if we actually saw the 100 dollar bills being burned in front of our faces ." I agree, an occasional reality check is useful. I actually have $20 bills littering my apartment floor to remind me not to throw away money on silly trades. GC