Why Drawdowns Break Traders (And How to Survive Them)
By Dave Mabe
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...
-Dave
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