How to die a death of 1,000 cuts

Drawdowns, persistent drawdowns are a tough place to be.  They are also the place where traders spent most of their trading life.  Unless you run a Ponzi scheme of course and can keep hitting new highs...Ha!   But drawdowns don't have to kill you.  Here is how to avoid a death of 1,000 cuts. Trade … Continue reading How to die a death of 1,000 cuts

Equity update – 12/7/2017

You may have noticed a slowdown in posts. Second only to setting up a proper trading system, managing emotions is the most important aspect of discretionary trading.  And the system is there in part to manage those emotions. I hate drawdowns and when they happen, it's hard to talk about it and be transparent about … Continue reading Equity update – 12/7/2017

Drawdowns suck and they are inevitable

EQUITY RUN:  NO UPDATE.     The vast majority of a trader's lifetime will be spent in a drawdown from peak equity.  The key is to not get greedy, not get fearful and keep your chips together for the next trading day.  You can't do this if you don't trust your system. TRUST IT.  I'm … Continue reading Drawdowns suck and they are inevitable