We discuss:
- Similar to taking partial profits, moving a stop to breakeven is more about psychological comfort
- Profitable trading requires tolerating discomfort, as difficult as that is at times
- It seems like a simple idea to test, but it quickly adds significant complexity to a backtest
- How to actually test this in a backtest
This is a great example of the platitudes you often hear from people who are good at talking about trading, but don't actually trade.
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Before you go!
The next time you find yourself in a drawdown, I want you to stop what you're doing and head on over to betterbacktesting.com to sign up for my free backtesting email course.
I hope to see you there!
