Mental Game of Trading / Drawdowns / Imposter Syndrome
Wanted to start a thread on the mental part of trading. For systematic and discretionary traders.
How do you deal with months or quarters of downward performance?
How do you deal with the insecurity that your quantitative/systematic model may no longer deliver because conditions have change?
Alternatively, as a discretionary trader personally, I never once think "I got this". Every month/quarter is filled with some sort of insecurity. How do you deal with this?
What do you use to get your mind off a rough month?
How do you get your mind off of trading?
Book/blog recommendations on the topic?
The reason I bring this up is because I was going through the pages of Inside the House of Money by Drobny (I think the best pure macro book). I realized almost all of the traders in that book no longer manage money and shut down their funds due to poor performance. I can't imagine about the stress of managing money at a multi-strat like Citadel, Millennium etc. with a family and kids and tight risk controls.
Hey Prospect in HF - Macro, the following topics might be helpful:
More suggestions...
You're welcome.
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