The three big reasons for trading drawdowns


The three big reasons for trading drawdowns according to renown trading Psychologist Brett Steenbarger:

1)  They’re trading a strategy that doesn’t fit the present market;
2)  They’re trading the right strategy, but their head isn’t in the game and they’re not following their strategy;
3)  They’re trading the right strategy with a good mindset, but they’re employing the wrong tactics and thus not implementing their strategy the right way.

The may be so but I find the  STOP the simplest most effective and reliable way to stop drawdowns.

Five distinguishing characteristics of winning traders

1. Successful traders trade uniquely

2. Successful traders are multidimensional 

3.Successful traders work at their trading

4. Successful traders know when to not trade

5. Successful traders are self-aware

Artificial intelligence has some way to go yet



A computer armed with artificial intelligence has beaten the worlds best player at the Chinese game of Go. Go is complicated, but its nothing compared with a world that has more than 7 billion traders making their own moves every day. Yes we all need  a plan of engagement.