DislikedJust finished reading through the ebook. The one thing I get from it is "drawdown". It seems that regardless of where the price was going the drawdown was just an accepted cost of trading. Although it was mentioned that "Grail" was a trend following system I didn't see any recognition or trading stopped when the trend reversed or wasn't there. I have had a 2nd look but not seen anything. I'm always to quick with my stops, I hate losing. I have learnt quite a lot from this so thank you again.Ignored
Drawdown is a very important part of any system. I dont think i know any 'system' that doesn't have drawdown and a failure to make adjustments when the max drawdown was breached was one thing that caused us an issue - we got the 'rabbit in the headlamps' effect when we breached 35% and in truth had no idea what to do when it did.
I don't trade systems anymore though because systems don't adapt fast enough.
PS if you are too fast with your stops, then why have them?
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