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Tuesday, December 27, 2016

#5 Multiple exits can reduce drawdowns (Episode 59)

059: Reducing Drawdowns with Scott Phillips

As traders, I’m sure we all want a steadily rising equity curve that just keeps going up and up and up, but unfortunately it doesn’t usually end up that way and we have to cope with drawdown, which can be one of the biggest challenges traders have to face.
So what techniques can we use to potentially help reduce drawdowns? That’s exactly what we discuss in this episode, including:
  • Rapid prototyping to determine if a trading idea is worth more investigation
  • Enhancing trading performance by understanding market types
  • How to improve your trading results through better trade management and utilizing multiple exits

If you LOVE drawdowns, don’t listen to this. If you HATE drawdowns, this could be just for you!

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