having exponentially exploded an account over the summer......7 to 10 straight loses trading 3% of account equity per trade is a 21 to 30% drawdown.
And then you tack on 50% grown in your next two trades.
If you are playing an edge religiously, then almost as guaranteed as you making money is that you will have to trade through big draw down that will only get bigger in dollar (and maybe percentage as well) terms as your account grows. If MO knows how to only pick winners, all the power to him, but for those mortals who can't, dont worry, you don't need to
Once you start to see the equity in your account, not as simple money, but in exactly the same way a factory owner sees his machinery and factory productivity, then you will come to terms with drawdown and accept it as a fact of trading
AndreasF wrote:MO needs 2%-3% daily to achieve his goal, no need for a fierce drawdown.
I'm convinced professionals like MO can do it.
I'm glad to be able to learn from MO how it is done.