How to Handle Trading Drawdowns (Step-by-step process)

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Trading drawdowns are brutal. Not only do we lose money, but they also mess with our trading psychology and impact our trading. This video covers why trading drawdowns happen, how to handle trading psychology during drawdowns, and most importantly, how to bounce back without revenge trading.

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If you’re new to my channel, my name is Lance Breitstein. I spent over a decade trading equities at Trillium, setting the record for the highest PNL in a single year as their Top Trader. I trained dozens of traders to become successes while managing Trillium’s Chicago office. With over $100m in verified profits, I now spend my time focused on turning good traders into greats and greats into GOATs. Advisor to SMB Capital and mentor of 7- and 8-figure PER YEAR traders. I am to be profiled in the next edition of Jack Schwager’s Market Wizards.The journey is never easy. Trading is one of the most difficult, but most rewarding jobs imaginable. I am here to help you on your path, wherever that leads you.May you want it bad enough to overcome any obstacles.

-(The One) Lance B

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Chapters:

00:00 How to Handle Trading Drawdowns

02:08 Regain Perspective

05:18 Stop Digging, Cut Size

06:26 Learn from the Loss

07:07 Set Guardrails

09:56 Drawdown Playbook

11:21 Double Down on Best Practices

12:02 Build Confidence Back

12:30 No Steps Backwards

13:21 Baby Steps

14:03 Dos and Don'ts

DISCLOSURE Information shared here is for educational purposes only. This is not investment or trading advice. Make your own independent decisions.

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