Peter Brandt is a professional trader and he has been trading futures and forex for 42 years.
Video duration: 7m11s
Peter Brandt starts with a few pertinent questions to describe what trading is really all about.
"Have you ever had five straight
losing trades, ten straight losing trades?"
"Have you ever been in a situation where
you wonder whether you're ever gonna win
again?"
Peter Brandt considers that there are two dangerous periods in the life of the trader:
"The
two most dangerous periods that can
enter into the life of the trader and
how they affect you in slightly
different ways but important ways and
the two things are severe draw downs and
the second thing is a severely
profitable period of time because they
also can be very dangerous."
In this video Peter shares his worst drawdown experience:
"My year worst year as a trader was
2013 in which I lost 13 percent but that
was part of a drawdown that lasted 15
months. For 15 months I was in the
drawdown and it was agony."
Peter Brandt has written a great book. You can find it on Amazon:
