Why Drawdowns Break Traders (And How to Survive Them)
Every trader who has quit trading did so during a drawdown.
In this episode of Line Your Own Pockets, we discuss this difficult topic and what you can do now to prepare.
Topics include:
- Drawdowns are psychologically much harder than most traders expect
- The biggest pain isn't the money - it's questioning whether your strategy actually has an edge
- Having only one strategy makes your identity more dependent on its success
- Programmatic sizing rules help eliminate emotional decision-making
And much more...
If you've never had a drawdown or aren't planning on having any more, then you can skip this one. :-)
Otherwise...
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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!
Creators and Guests
