Traders lose track where their at in the big market picture. I have seen the best trading methods get blown up trying to curve fit for a current situation, be dammed to the determent of the overall trading plan. Traders lose all their senses when watching their money in the markets. Statistics can be as solid as a rock but when a trader gets in a drawdown their mind turns to jelly. Solid trading plans are hard to come by and it's sad that enthusiastic traders will throw sensibility out the window the moment the market makes a tick against their position. Yet the same traders will cash in their retirement buy a ACE hardware franchise and try to get their money back selling nuts and bolts for dollars. That's not a risk? Mark
Good Evening Mark, You are correct, and I have experienced this as well. I have learned from clicking and clicking and clicking and thinking and thinking and thinking and planning and planning and planning and failing and failing and failing.. that Drawdown and Confidence needs to be happy marriage together for my trading to be successful. Confidence and Drawdown is all I think about.