A 50% drawdown argues you’ve already failed at your “low drawdown” claim.
Agreed. For this week. lets see how the next few weeks go. Thank you.
I’m sure if you keep trying every week eventually you will get a good period, but being a good trader requires full time success. It’s more important to preserve capital than make big gains if you are to stick around for long. Keep working at it.
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1 bad week David. I’m aware of all you stated. Thanks. See you on Monday.
Drawdown never goes away. One bad drawdown is on the record forever. That’s the challenge. You don’t get a mulligan here.
The other issue is this wasn’t a challenging week on the market. And we’re seeing very low volatility. A 50% drawdown during an easy week with low volatility? Something is fundamentally wrong. Take it as a lesson, stop trading, and hit the books.
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I studied traders and human behavior when it comes to the market , the most important element to investors is very low drawdown , the lowest the better , any drawdown and they start leaving the system .
Look at topstep combine rules , what you’ve noticed ? They dont want to lose their own money , strictly very low dd , no overnight holding , no news trading , very strict MM … etc , go to their website and read and study their rules .
Capital is coward , its hard to make money in this life , there is no way anyone will let you play with their money and watch you gradually losing it .
MAX DD should be near zero to attract the most subscribers , they want to feel safe they want to sleep at night , any stress and they leave . Ofcourse thats very hard and it will adversely effect gains .
Talking about YM , one contract per 25K is reasonable , and even then you may have big DD .
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