Welcome to NexusFi: the best trading community on the planet, with over 200,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- discounts are available after registering.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I actually think this is a great question, but the problem becomes semantics. What is the definition of blowing an account up? I've never closed an account due to losses or only been able to maintain an account because I added more capital. I have …
Please suggest your own new poll ideas in that thread.
My largest drawdown was about 70%, not futures, but my 401k (I still selected that as my answer). I worked for a technology infrastructure company that suffered when the dot-com crash happened, and my portfolio was heavily in our own company's stock. Buy high sell low.
Futures, I think my largest was a 30% account drawdown, over a span of time. I cannot recall my largest single position drawdown, but it could not have been too large. I'm still here.
I destroyed several accounts until I see that trading is not easy.
So, more of 90% of DD
Then I changed my risk using Micros. Now is almost impossible to have more of 50% of DD.
Increasing contracts if increase the account or viceversa.
Automated my trading to have 100% discipline with targets or max DD permited.
Bernard
Trading systems can work in certain market conditions all the time,
in all market conditions at some point in time,
but never in all market conditions all the time.
Great question! I answered the poll thinking about my newly found algo trading. Which currently hovers around 25%.
Before all this started I blew up 5 accounts and well over 100k discretionary trading before finally figuring out I can’t follow rules as good as computer do. I just couldn’t find any consistency in the markets with my own discretion. So my real max drawdown is over 90% many times over.
I'll second that. Blew a lot of money discretionary trading (well over 100k 4 times over) until I figured out how to code algos. Now doing much better and feeling better too! The beauty of algos is that at least you have a clue what your performance SHOULD be like even if you're testing isnt perfect. No emotional trading which is the main thing. Just love seeing that bot work for me
