DislikedYour out of your friggen mind! Look me up. I am exposing his batshit trading in excruciating detail, which you are either to lazy to look at or to stupid to understand. Just because I am objective and do not think he did it on purpose, you think this German is now Italian? I see your from Switzerland. Do yourself a favor and go to a lower altitude. This whole exercise here just proves the old adage that no good deed shall go unpunished.Ignored
What one should learn from this, as a trader, or as an investor?
Everything is prone to fall. Even the best traders have worst days.
Something that - maybe- a prior stat can't predict.
Technical or emotional reasons, really finest matter.
A trader can use some sort of stop, preferable maybe some automatic one, that takes decision some point out of his hand, when emotions likely to run high, and the temptation to over ride the original loss limits is most likely. Yes, traders are humans, and not without weakness. But knowing and accepting those, opens up a chance to prepare for them.
Never a secret that I like equity SL.
Can define risk tolerance and can set things that at that point an EA or script take the decision from me, and close all.
Admit, since trader has a chance to tamper this, it is not 100% fail proof, but usually if there is some discipline, there will be less likelihood to change on the fly. Also, ultimately, it is the trader's fund, right?
Investors point of view is different.
He doesn't have most of the time the same insight into trading. See a position on, but not necessarily know the reason it opened, or the expectations on it.
Have a promise from the trader he follows about low drawdown, but what that number may be? Who can tell, really?
Well, the investor should be able to tell!!
And can, by so often investor is just as much a gambler than the trader he subscribe to!
And lazy, most investors are lazy!! They can just the same implement that equity SL!!! And define their risk and loss tolerance. Plus effective take out the decision making at some point from the trader's hand. Ultimately, the trader may recover, and they stuck in a loss vs a gain in a point, but better losing 10-20% of capital, than being down -40-80% and top of the emotional rollercoaster, with the only things left is a prayer not to crash and die, but with less and less rational means to stop this point.
The dice has been cast!
There is a middle ground of course, some trade copiers, or PAMM accounts will let both parties to define and set this risk amount, $ or % equity. If one truelly an investor, or size, not 100$, but at least couple 1000s, it is a must.
Cos traders he emotional. A fact. Many had lost his head, in fact I think most likely anyone who trades has such experience themselves.
Best one can do is prepare for it.
I know I do, the same way, using equity SL script, so, on main account if I am slow, or hesitant, or stubborn to close a trade, it is my risk, but any other connected account will automatically execute an equity SL, and I am disciplined enough for that to not tinker those setups.
Loss is part of trading and it happens all the time!
But one could and should be able to define the maximum!!!
Traders and investors alike!
there is always, always another trade!!