Poll: At what point does drawdown cause you panic?

Lol How much ice is in your veins? Can you feel a little or lot of pain without wincing....

For me personally, I'm past the point of feeling any strong emotions one way or the other.
If you're confident with your system (and in turn your trades) and your risk is something your account can manage, then nothing else matters.

Looking at the poll above, if you're ever at 30% drawdown of your total account balance I'd say it's time to panic. But then again you shouldn't have been risking that much to begin with.

I voted +30 only because when my first account hit 50% i finaly said enough and stopped trading live for a bit and regrouped. I must say that i would not recommend that level of drawdown for the faint of heart! The only reason i was ok with it is that i went into the FX Adventure with the mind set that 1) I didn't need the monies i risked in the account. And 2) I would do whatever needed to create unlimited wealth and believed FX would be one of the vehicles allowing me to acheive my goal.

... i am unwavering in that last point for myself.

Cheers,
Thom

20-25% I would start kicking myself for sure, for not following my rules enough. That's about the only way I would get down that far.

the largest drawdown i ever had since i started was -16% which i made up fortunately within the same month

so i say 10-15% is normal for my way of trading

I try to keep it below 20%, but that's manageable. I guess I'd start panicking when the account hits 0; you can always come back, even from a 90% d/d.

It depends on how much money is in one's account.