The largest drawdown you've experienced was... - futures io
futures io



The largest drawdown you've experienced was...


Discussion in Psychology and Money Management

Updated
      Top Posters
    1. looks_one Big Mike with 4 posts (13 thanks)
    2. looks_two wldman with 3 posts (27 thanks)
    3. looks_3 feinbern with 3 posts (5 thanks)
    4. looks_4 vmodus with 2 posts (5 thanks)
      Best Posters
    1. looks_one wldman with 9 thanks per post
    2. looks_two TheShrike with 4.5 thanks per post
    3. looks_3 snax with 3.5 thanks per post
    4. looks_4 Big Mike with 3.3 thanks per post
    1. trending_up 2,352 views
    2. thumb_up 100 thanks given
    3. group 266 followers
    1. forum 29 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • 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 and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

The largest drawdown you've experienced was...

(login for full post details)
  #11 (permalink)
 wldman 
Chicago Illinois USA
 
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
 
wldman's Avatar
 
Posts: 3,343 since Aug 2011
Thanks: 1,978 given, 8,888 received

The 3rd week of Sept 2001. 17 MM. Yeah that was a day. A bunch from asset prices. A bunch from Vola. A bunch from interest rate move. Outside of that, never more than typical daily swings.

Visit my futures io Trade Journal Reply With Quote
The following 9 users say Thank You to wldman for this post:

Can you help answer these questions
from other members on futures io?
Driving Crazy please help: MUltichart bar closing event …
MultiCharts
EMA as a trailing stop
Traders Hideout
Looking for VisEMA indicator for NT7
NinjaTrader
Talk is cheap - Trader motivation
Psychology and Money Management
Sierra / Heatmap data for Eurex ?
Sierra Chart
 
 
(login for full post details)
  #12 (permalink)
 MiniP 
Market Wizard
Columbus OHIO
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: ES,
 
MiniP's Avatar
 
Posts: 1,143 since May 2017
Thanks: 1,104 given, 2,900 received


wldman View Post
The 3rd week of Sept 2001. 17 MM. Yeah that was a day. A bunch from asset prices. A bunch from Vola. A bunch from interest rate move. Outside of that, never more than typical daily swings.

the massive balls it must of taken to come back from something like that is astonishing hat off to you sir.

-P

"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to MiniP for this post:
 
(login for full post details)
  #13 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,121 since Jun 2009
Thanks: 32,594 given, 98,697 received


Welcome back @wldman!

wldman View Post
The 3rd week of Sept 2001. 17 MM. Yeah that was a day. A bunch from asset prices. A bunch from Vola. A bunch from interest rate move. Outside of that, never more than typical daily swings.

Sent using the futures.io mobile app

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 4 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #14 (permalink)
 snax 
Legendary Market Wizard
Chicago
 
Experience: Beginner
Platform: Sierra Chart
Broker: Edge Clear
Trading: MES
 
snax's Avatar
 
Posts: 1,635 since Feb 2019
Thanks: 6,519 given, 6,561 received


wldman View Post
The 3rd week of Sept 2001. 17 MM. Yeah that was a day. A bunch from asset prices. A bunch from Vola. A bunch from interest rate move. Outside of that, never more than typical daily swings.

Welcome back, @wldman. It is great to hear your perspective and we always appreciate your posts.

Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to snax for this post:
 
(login for full post details)
  #15 (permalink)
feinbern
London
 
 
Posts: 7 since Jan 2021
Thanks: 3 given, 19 received

holy christmas. i hope there werent any open

Reply With Quote
 
(login for full post details)
  #16 (permalink)
feinbern
London
 
 
Posts: 7 since Jan 2021
Thanks: 3 given, 19 received

meant to say... open windows around

Reply With Quote
The following 2 users say Thank You to feinbern for this post:
 
(login for full post details)
  #17 (permalink)
 snax 
Legendary Market Wizard
Chicago
 
Experience: Beginner
Platform: Sierra Chart
Broker: Edge Clear
Trading: MES
 
snax's Avatar
 
Posts: 1,635 since Feb 2019
Thanks: 6,519 given, 6,561 received

I should probably add my experience for perspective against wldman's and others'. When I was fresh out of SIM trading in January 2019 I put up back-to-back $800.00 and $900.00 losing days right away, thinking I just had to shake off the jitters. Both losses really only took minutes. I thought losing $1700.00 so easily was a wake-up call and that amount (small in comparison to others) was a major drawdown to me.

I joined FIO shortly after that, in February 2019, and decided I wouldn't do that kind of thing to myself again. I still lose it at times and take stupid losses but I am much better at trading within myself now, due in no small part to the things I learn from this community.

Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to snax for this post:
 
(login for full post details)
  #18 (permalink)
 wldman 
Chicago Illinois USA
 
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
 
wldman's Avatar
 
Posts: 3,343 since Aug 2011
Thanks: 1,978 given, 8,888 received

Mike.

I check in often and of course answer DM or tagged posts.

Since I added the daily scan for equities I have been just buried by opportunity, so I don't have much left for reading and posting on the forum.

Deeply saddened by the loss of your friend Molly, btw. I'll come by and hit that donation link next week.

-dan


Big Mike View Post
Welcome back @wldman!


Sent using the futures.io mobile app


Visit my futures io Trade Journal Reply With Quote
The following 6 users say Thank You to wldman for this post:
 
(login for full post details)
  #19 (permalink)
 TheShrike 
Bridgeport, Ct
 
Experience: None
Broker: Tasty
Trading: STONKS
 
TheShrike's Avatar
 
Posts: 529 since Jun 2012
Thanks: 1,576 given, 905 received


wldman View Post
The 3rd week of Sept 2001. 17 MM. Yeah that was a day. A bunch from asset prices. A bunch from Vola. A bunch from interest rate move. Outside of that, never more than typical daily swings.

Did you just hold through it? I'm assuming you didn't realize the loss. That must have been something.

Reply With Quote
The following 2 users say Thank You to TheShrike for this post:
 
(login for full post details)
  #20 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,121 since Jun 2009
Thanks: 32,594 given, 98,697 received



wldman View Post
The 3rd week of Sept 2001. 17 MM. Yeah that was a day. A bunch from asset prices. A bunch from Vola. A bunch from interest rate move. Outside of that, never more than typical daily swings.

Trading & holding during 9/11 is a helluva thing.

I believe that Danny Riley from Mr TopStep talked about it during one of his FIO webinars. He told the story. He also lost his ass.

Dan, it would be amazing if you would coordinate with Shane (aka @Rrrracer) to do an FIO "An Afternoon With" webinar just to shoot the shit with us fellow members and tell your story. Please do it!

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 5 users say Thank You to Big Mike for this post:


futures io Trading Community Psychology and Money Management > The largest drawdown you've experienced was...


Last Updated on February 28, 2021


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing

BloodHound Fundamentals 101 w/Jeremy Tang @ SharkIndicators

Elite only
 

Our 12-year anniversary w/ $$,$$$ prizes (check soon)

June
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts