What To Do During a Trading Drawdown
In this week's episode of Line Your Own Pockets, we follow up on last week's topic of trading drawdowns and discuss concrete things you can do when you're in one.
We discuss:
- Even though you can't predict when they'll happen, that doesn't mean you can't prepare for drawdowns
- Update your data, rerun your backtests, and reconcile all live trades
- Small execution differences can cause large P&L gaps
- Professional traders treat drawdowns as opportunities to improve
And much more...
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Before you go!
The next time you find yourself in a drawdown, I want you to stop what you're doing and head on over to betterbacktesting.com to sign up for my free backtesting email course.
I hope to see you there!
Before you go!
The next time you find yourself in a drawdown, I want you to stop what you're doing and head on over to betterbacktesting.com to sign up for my free backtesting email course.
I hope to see you there!
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