By Dave Mabe
In this week's episode of Line Your Own Pockets, we follow up on last week's topic of trading drawdowns and discuss concrete things you can do when you're in one.
We discuss:
Even though you can't predict when they'll happen, that doesn't mean you can't prepare for drawdowns
Update your data, rerun your backtests, and reconcile all live trades
Small execution differences can cause large P&L gaps
Professional traders treat drawdowns as opportunities to improve
And much more...
-Dave
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