%% LOL. SPY is now off 2% from 52 week HI/all time Hi. NObody with any sense said this would be easy, QQQ is off 4% from 52 week HI/all time Hi. But QQQ >>22% YTD+ dividends Positive % YTD, as SPY,QQQ have been /are; takes much of the pain from a ''drawdown'' The real killer is something like TSLA, 191% in debt, no dividends, >> minus -31.777% YTD. Then the SEC fines it $4o million; + that TSLA downtrend could go to goose egg/zero. NOT a SPY/QQQ prediction, but its a bull Market you knoW.........................................................................................
Sounds like a good winning system. Believe in your system. I had a horrendous drawdown last December and I thought my luck finally ran out. Good thing I didn't quit.
I was reading this article yesterday and thinking about drawdown. I believe most are not able to deal with drawdown greater than 20% and their actions make it even worse.
Don't let drawdown dictate your trading plan. Make a plan right after you adopt a strategy, but right before you start using it.