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Preston,
Good question.
There is an old saying "If you can stand the heat stay out of the fire".
If you trade you will have drawdowns - no question.
Thats why you should always look at a method or traders equity curve to see how
it makes and loses money.
Risk and Reward are very related.
The Turtle Teacher - Richard Dennis would live through up to a 50% drawdown to
get 100%+ returns.
His interview in Market Wizards is mandatory reading for any trader.
There are ways to lessen the drawdown on accounts by changing the position size
and risk levels. You will see that if you look at the equity curves on the larger
account and the small account you will see the difference.
Turtles trade futures so their position sizes are somewhat constrained - thats I
guess why Sands has started trading forex because you can adjust your position
size and risk more smoothly than with futures.
Its funny, traders who worry most about drawdowns from a systematic method are
the ones who have no trading method and when they open up tell you they have lost
most of their account on more than one occasion!
On Thu Jun 19 0:39 , pumrysh <no_reply@xxxxxxxxxxxxxxx> sent:
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> Could you handle the drawdowns?
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>Preston
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>--- In equismetastock@xxxxxxxxxxxxxxx, dave <adest@xxx> wrote:
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>> into what one trading teacher actually makes in trading...
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>> http://turtletrading.com/russell_sands_personal_trading_results.htm
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>> No wonder they don't want people seeing it.
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