Quote:
Originally Posted by Dojiguy
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How do I know you can do ths?
Because I am doing it.
I will post a journal of my trades when the time is right.
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No offence dojyguy,
My posting I only ment as help.
You trade in a discretionary way. I did the same when I started to trade fully professional in 1997. I made loads of money and became bolder and more arrogant and increasing my market exposure more and more.
The 23th of fabruary 2001 I lost everything I owned in my life. I did not have a pot to piss in anymore. I was on the edge to commit suicide. My luck was that I had 2 children. I realized I could not do that to them because they needed me.
What I try to say with this personal story is that one can encounter a point of serious drawdowns that you never expected.
If your journal is more then a couple of years long then you can indeed build conclusions on it. When it is only a couple of months then you are asking for trouble.
Believe me you will encounter that hughe drawdown. As the cliche says: one does need to ask the question will it happen but when will it happen.
If you are over-leveraged it will burn you. If you stay prudent and conservative you are going to survive it....
The more reward you seek the bigger the risk you will encounter. No secrets on that one.
regards...iGoR