There’s not much to say on this one, but this past Monday, I ended up blowing my 5 PA accounts with Flexytrade. A few important notes though:
- Trading cycle: I have been trading all my PA accounts on a “cycle,” which means all my other PA / Master accounts are safe
- Risky setup and max drawdown: I took a trade on the ES, that sometimes has a larger drawdown, and Monday was one of those days. By larger, I mean large enough to blow an evaluation or PA account.
- Market recovery: Once the accounts hit their max drawdown, of course the market continued in the original direction that I was trading (long). If I could have held through the drawdown, the trade would have eventually went to its profit target.
- Lesson learned: We will not trade this specific setup until we have sufficient buffer in a future PA / Master account
- Current status (other accounts): we are still performing well on other PA and Master accounts with Precision, Legends, and Bulenox, and will continue our current trading approach.
