383: The Highly Profitable Quant Trader - Michael Grech
Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders
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How to Find Advantages in Long Term Than Short Term
The million dollar question is how do you know whether this is just a drawdown or whether the all dollars has stopped working right, which means the market condition has changed. And I think it's important to know in advance and maybe I learned this the hard way. You need to have a backup stop in the sense that another way to say this you need to have predetermined risk. So if I'm investing a certain amount of money I'm going to say that my risk tolerance is going to be 40% for example, when I lose 40% I’m going to turn it off. The death has to be decided in advance because no matter how many years of back testing you do back
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