Drawdown / Risk Management

Question 1

What draw down can your strategy deal with (taking into account the loss per trade

Specifically, what number of consecutive loses? If you don’t know look at table below

Answer 1

Figure out how much draw down you can deal with

Question 2

What are the biggest dangers when trading that lose people money rapid

Answer 2

FOMO / revenge trading to make money back

Question 3

What does crypto cred do if he has 3 loses in a row

Answer 3

Reduces to 2% or 1% risk of trading account balance per trade

Focus on survival

Question 4

Essential risk management security?

Answer 4

Have 2FA Yubi key on accounts (with solution if you lose key)

Question 5

Positive size if you have found a great edge

Answer 5

Can you risk of trading account higher (ask Nils) to smash it whilst edge is there