“Our longest losing streak was twenty-eight trades in a row…”

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Dear Michael,

My name is [name] and I’m 20 years old. I began researching trend trading a few years ago, with the help of my father who has been trading for 20 years. I’ve read many books on the subject, including The Trading Tribe, The Complete Turtle Trader Trading in the Zone, and more. My father and I have developed three trend trading systems and back tested them over 5 years, with a total of 2100 trades. The results were good, but our longest losing streak was 28 trades in a row, resulting in a drawdown of 26%. I’m writing to you to ask if this is a psychologically feasible situation, or if it’s normal to experience this when working with three different trend trading systems. Thank you for your time.

1. You have my TurtleTrader book. Performance data in appendix. Seen? See drawdowns?

2. Read my Trend Following book 5th edition? Lots of drawdown info.

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