https://www.peterlbrandt.com/wp-content/uploads/2022/07/Radar-Screen-.jpg640640Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2022-09-23 20:56:322022-09-24 00:37:47Thoughts on a Weekend Afternoon, September 24-25, 2022
Factor's underwater curve changed dramatically around 2014. Is this due to measuring DD using closed trade NAV, or due to aggressive risk management? 13:50
What's your most remembered drawdown period? 16:01
How much of the drawdown period is self-inflicted as in we make the period worse ourselves rather than sticking to the trading plan we all should have? 18:01
What is an "acceptable" drawdown for those who have retirement accounts and do not have the ability to do shorter-term trades, hence, needing to hold longer? Whether that be an index fund, BTC, etc. 20:18
What practical steps do you take to deal with mental torment? 25:57
My data over two years shows that if I take every trade my total performance would be 6 X greater with fewer drawdowns. Common reasons for not pulling the trigger are: Pattern extended from MA's, Support/resistance close, pattern looks loose, not text book pattern, looking for more compression before breakout. However, looking back, they have more going for it than not. Do you have any advice here? 29:07
You mentioned "be able to take many small losses", does limiting risk to 1% but not moving stops aggressively satisfy this? 31:38
The first line in your how to have success in trading is having Defineable and Comprehensive trade. Is this a written document that you continually update? If so, is it fairly detailed and includes all of your trading weapons? I would love to see an outline if this is something that exists. 34:23 (BOOK: Thinking in Bets by Annie Duke)
What was the pivot to introducing varied bet size? My struggle is when to increase bet size, and if the next is a big winner then I'm missing out. 42:08
Do you think it makes sense to start cutting trade size if you see lots of tradable patterns to limit the risk in having more signals than normal? 44:44
Experience is the best answer to many trading questions ... Knowing your "edge" & knowing how to calculate that - Before! - placing a bet ... discovering this changed my life ... Thank you, Peter, for this discussion! 48:20
You scale out of trades and less frequently add another traunch. Could you elaborate on when and how to take a second bite? 49:06
https://www.peterlbrandt.com/wp-content/uploads/2022/09/Screen-Shot-2022-09-17-at-9.09.20-AM.png562800Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2022-09-22 19:50:012022-09-23 11:20:51What a difference a line makes, September 22, 2022
https://www.peterlbrandt.com/wp-content/uploads/2022/07/Radar-Screen-.jpg640640Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2022-09-17 07:40:192022-09-17 08:37:17Thoughts on a Weekend Afternoon, September 17-18, 2022
https://www.peterlbrandt.com/wp-content/uploads/2020/05/Screen-Shot-2020-05-29-at-11.57.46-PM.png512828Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2022-09-12 20:12:522022-09-12 20:12:52MEMBER WEBINAR: September 13, 2022 at 2p Central – Drawdowns
https://www.peterlbrandt.com/wp-content/uploads/2022/07/Radar-Screen-.jpg640640Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2022-09-09 20:10:502022-09-10 15:04:56Thoughts on a Weekend Afternoon, September 10-11, 2022
Factor Member Webinar - Market Review and Q&A with Peter Brandt - Recorded live August 29, 2022Market Review with PeterLive questions from Members
Can you talk about deciding what patterns to trade? I find myself unable to decide which patterns I should pass up and which I should trade. If I only trade "pretty" patterns, I miss the winners. But if I trade everything, my losers stack up quickly. Any advice on what to look for in this journey of discovering my sweet spot? Is trading every horizontal pattern longer than 2 weeks a fool's errand? 26:33
You have previously said you need a "measured risk" to take a trade. But won't every pattern give you a "measured risk" using LDR? 29:11
Will you add to a position if it gives you a buy signal and you can move your stop up on the existing position to allow for a larger position with no additional risk? If not, why not? 30:04
As a price action trader, do you follow any Wyckoff observations on volume when evaluating a chart pattern? 31:16
For those who have 401k's through their workplace that are equities only (ETF's, S&P 500, etc), do you have any recommendations for investing in equities...i.e. buy and hold, trend following, moving averages, etc? 32:56
https://www.peterlbrandt.com/wp-content/uploads/2017/02/Member-only-QA-this-Thursday-February-9th-at-11am-Mountain.jpg523800Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2022-09-05 13:08:562022-09-05 13:08:56Factor Member Webinar August 2022
Thoughts on a Weekend Afternoon, September 24-25, 2022
/in Factor Reports /by Peter BrandtFactor Member Webinar September 2022 – Drawdowns
/in Factor Member Webinar, Factor Reports, MultiMedia /by Peter BrandtThis webinar is specific to the Drawdown document issued on August 29, 2022, "The Dreaded “D” Word, August 2022"
Live questions from Members
- Factor's underwater curve changed dramatically around 2014. Is this due to measuring DD using closed trade NAV, or due to aggressive risk management? 13:50
- What's your most remembered drawdown period? 16:01
- How much of the drawdown period is self-inflicted as in we make the period worse ourselves rather than sticking to the trading plan we all should have? 18:01
- What is an "acceptable" drawdown for those who have retirement accounts and do not have the ability to do shorter-term trades, hence, needing to hold longer? Whether that be an index fund, BTC, etc. 20:18
- I started paper trading eight months ago and have had equity vol but no progression; still at around break even. Very difficult to know if this is a natural DD or just not a working system! 23:22 (A Brief Introduction to Probability Theory and the Random Distribution of Results: Understanding the Concept of Sequencing in a Trading Operation)
- What practical steps do you take to deal with mental torment? 25:57
- My data over two years shows that if I take every trade my total performance would be 6 X greater with fewer drawdowns. Common reasons for not pulling the trigger are: Pattern extended from MA's, Support/resistance close, pattern looks loose, not text book pattern, looking for more compression before breakout. However, looking back, they have more going for it than not. Do you have any advice here? 29:07
- You mentioned "be able to take many small losses", does limiting risk to 1% but not moving stops aggressively satisfy this? 31:38
- The first line in your how to have success in trading is having Defineable and Comprehensive trade. Is this a written document that you continually update? If so, is it fairly detailed and includes all of your trading weapons? I would love to see an outline if this is something that exists. 34:23 (BOOK: Thinking in Bets by Annie Duke)
- How do you decide when to move stops and to where? 38:05 (A protocol for Entering Trades Using ATR Stop Levels)
- What was the pivot to introducing varied bet size? My struggle is when to increase bet size, and if the next is a big winner then I'm missing out. 42:08
- Do you think it makes sense to start cutting trade size if you see lots of tradable patterns to limit the risk in having more signals than normal? 44:44
- Experience is the best answer to many trading questions ... Knowing your "edge" & knowing how to calculate that - Before! - placing a bet ... discovering this changed my life ... Thank you, Peter, for this discussion! 48:20
- You scale out of trades and less frequently add another traunch. Could you elaborate on when and how to take a second bite? 49:06
Read MoreWhat a difference a line makes, September 22, 2022
/in Factor Reports /by Peter BrandtThoughts on a Weekend Afternoon, September 17-18, 2022
/in Factor Reports /by Peter BrandtThe Monthly – August 2022
/in Factor Reports /by Peter BrandtMEMBER WEBINAR: September 13, 2022 at 2p Central – Drawdowns
/in Factor Reports /by Peter BrandtThoughts on a Weekend Afternoon, September 10-11, 2022
/in Factor Reports /by Peter BrandtFactor Member Webinar August 2022
/in Factor Member Webinar, Factor Reports, MultiMedia /by Peter Brandt- Can you talk about deciding what patterns to trade? I find myself unable to decide which patterns I should pass up and which I should trade. If I only trade "pretty" patterns, I miss the winners. But if I trade everything, my losers stack up quickly. Any advice on what to look for in this journey of discovering my sweet spot? Is trading every horizontal pattern longer than 2 weeks a fool's errand? 26:33
- You have previously said you need a "measured risk" to take a trade. But won't every pattern give you a "measured risk" using LDR? 29:11
- Will you add to a position if it gives you a buy signal and you can move your stop up on the existing position to allow for a larger position with no additional risk? If not, why not? 30:04
- As a price action trader, do you follow any Wyckoff observations on volume when evaluating a chart pattern? 31:16
- For those who have 401k's through their workplace that are equities only (ETF's, S&P 500, etc), do you have any recommendations for investing in equities...i.e. buy and hold, trend following, moving averages, etc? 32:56
Read More