its not a question of beating you on the night although i suspect you beat yourself alot every night. Its about solid gains months after months with discipline and sticking to a proven plan.
DRAWDOWN: The Drawdown is the measure of the decline from a historical peak in some variable (typically the cumulative profit of a financial trading strategy). Drawdown from a realised Historical peak would b a succession of individual UNRELATED losing trades. I have only one position or one collective position open at any one time. Each losing trade and each successive losing trade would b 10% of the realised profit. Thus maximum drawdown from a realised historical peak would be 10% Maximum drawdown ON A SINGLE OPEN Position of UNREALISED gains would be a fibonacci ratio of the current wave. The deepest probable ratio is 61.8% or 78% assuming a position was taken at the start of the wave and has accrued unrealised gains.
Not really interested in tit for tat squabbles. Some of you have formed an opinion that im scamming them. Its not my intention. I think i have been fairly clear. If you are of the opinion , so be it. If you are not, lets talk. Either way it doesnt matter a hell of a lot.
I understand and I don't have a problem with that. I am just explaining why some people are cautious. Thus maximum drawdown from a realised historical peak would be 10% So what happens if you reach -10%? Do you stop trading, since you can not guarantee the next trade is going to be a winner?
are you impervious to how stupid everyone seems to think you are? your claims and your request and your methods paint you as a feckless trader wannabe. If you don't understand this, reread all the replies.
if i reach -10%, the trade has gone sour. I then re look at my strategy and trade again. the next trade will b a risk of 10% of the realised residual.