Hello angrtrader, I agree with your comments. Question: 1. When or if you were trading manually, how did you know your drawdown? If you were algo trading ignore this question, because I am assuming historical back testing revealed to you your expected/estimated drawdown? Appreciate the response.
Backtesting is normally run from historical prices and when the algo goes live things can vary in terms of executions. Non-triggered stops or fills at different prices than you expect is something that you can't backtest. Also backtesting is most of the time over fitting historical prices, so when the algo goes live it can yield unexpected results.
Hello angrytrader, Did you perform back testing on your trading system? Are you discretionary trading?
My biggest strength is I never trade when I don't have any plan, no matter how well the market is performing.
Thank you for this response. My question to you though is why you call yourself angry trader? Is it to embrace the anger, anticipate it, or was it just off the top of your head?
My biggest strength is to accept my failures in trading , work on them, try not to repeat them and come back with a bang.