059: Reducing Drawdowns with Scott Phillips

Who wants a steadily rising equity curve with little or no drawdown? I'm sure most traders do, but unfortunately it doesn't usually end up that way. Drawdown is a big part of trading and can be one of the the biggest challenges traders face, so what techniques can we use to potentially help reduce drawdowns? Our guest for this episode, Scott Phillips, is going to share techniques he uses to manage drawdowns in his own trading. In our chat you will learn: How to quickly test a trading idea to determine if it's worth more investigation Why it's so important to understand market types, the impacts it could be having on your trading results and how you can leverage this knowledge to create strategies with enhanced performance How to improve your trading results through better trade management and multiple exits. Disclaimer: Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.