the highest drawdown ive had in a single day is 8%, but typically more like 4% drawdown when that happens.
i win way more trades than losing (like 90% or more) on most days.... i've noticed a pattern of about 3-4 days of profiting for each day of drawdown - a drawdown day typically cuts away about half the previous days profits. the danger i see is i could potentially (maybe?) hit a week of severe drawdown days which would ruin months of progress.
i have cut back my risk - divided up my account into 4 subaccounts. 3 subaccounts to trade very lightly with this method -- with only 2% risk.... ive heard that recommended before, so its probably the smart way to go. the 4th subaccount i'll simply continue my present trading style.
this lets me use only a portion of my profits thus far to test my method longterm. if the method is genuinely successful, it doesn't need much initial funds to magnify real quick into millions. there is no need to use all my accounts funds testing it, and if its successful longterm i'll be one very happy guy. if it fails, oh well.... its no devastation, i just lose some money i already made and learned that low risk methods are the way to go.
