Pure Pip Producer
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As i said to @KlondikeFX few days ago (he didn't believe me and it's normal, because it's all the beliefs of that kind of traders that are falling down) : A systematic trader, is not able to control anything about the Drawdown.
The fable of believing that we simply have to stick to a plan is very common in the world of trading.
According to my observations, the result is the following : the Drawdown ends up being more important than the Profit. In other words, the Profit ends up going below the Drawdown.
Check SVQ since inception of the Darwin, for example... SYO it's the same also, but less exposed as they change strategies sometimes. They will end up to lose control about their Drawdown as well don't worry about that. Check their 5 losing months in a row.
There is only one way to fully control our trading : To have built (before) an overtrained brain who is able to change its previous mind.
Nobody want to hear that, because that means we not only have to execute a plan, but we have to execute AND change our plan while we are trading (at least our set up about the entries). That's what i call : "To write the History" (In opposition to undergoing the events)
So, i would say to Federico, (if he wants to control his DD) to start to change his mind about the systematic trading approach.
And start to build a new brain part that would be able to change its mind every time at the best of its interests. I would say to start to build this new part now... because the road is very long to achieve this level.
Have a nice day!
The fable of believing that we simply have to stick to a plan is very common in the world of trading.
According to my observations, the result is the following : the Drawdown ends up being more important than the Profit. In other words, the Profit ends up going below the Drawdown.
Check SVQ since inception of the Darwin, for example... SYO it's the same also, but less exposed as they change strategies sometimes. They will end up to lose control about their Drawdown as well don't worry about that. Check their 5 losing months in a row.
There is only one way to fully control our trading : To have built (before) an overtrained brain who is able to change its previous mind.
Nobody want to hear that, because that means we not only have to execute a plan, but we have to execute AND change our plan while we are trading (at least our set up about the entries). That's what i call : "To write the History" (In opposition to undergoing the events)
So, i would say to Federico, (if he wants to control his DD) to start to change his mind about the systematic trading approach.
And start to build a new brain part that would be able to change its mind every time at the best of its interests. I would say to start to build this new part now... because the road is very long to achieve this level.
Have a nice day!
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