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[USER=2975]@ducati916[/USER] thank you for your thoughtful response and for sharing your insights.

To answer your first question, I would say that my strategies have evolved significantly since 2016. While the core principles remain the same, I have made numerous adjustments and improvements over time, particularly in response to changing market conditions. For example, I have refined my entry and exit criteria, incorporated new indicators, and optimised my risk management techniques. These modifications have allowed me to adapt to different market environments and improve my overall performance.

Regarding your second question, I believe tightening up on the exits which ultimately makes the money has been a key factor in my improved performance. By being more disciplined with my exit strategy, I have been able to minimise my losses and maximise my gains, particularly during choppy market conditions.

In terms of my overall market view, I would say that it has evolved over time as well. While I still believe in the power of trend following, I have come to appreciate the importance of adapting to different market environments. For example, during the 2016-2019 period, the market was generally trending upward, which made it easier to trade. However, in 2023, the market has been choppier, requiring a more nuanced approach.

Regarding your hypothetical scenario of a 2008-2009 style market crash, it's difficult to say how my strategies would perform in such a scenario. However, I believe that my focus on risk management and adaptability would serve me well. I have incorporated various risk management techniques into my strategies, such as a multi-level exit plan, which helps me to mitigate potential losses. Additionally, I have developed a system for assessing market conditions and adjusting my strategies accordingly, which would allow me to adapt to changing market dynamics.

In terms of drawdowns, I believe that they are an inevitable part of trading and a test of a trader's resolve and psychology. While I can't predict the future or guarantee that my strategies will never experience large drawdowns, I have worked to develop a system that can weather such events and emerge stronger on the other side.

Finally, I agree with you and Peter2 that having a tool belt and not simply a hammer is essential for successful trading. My goal has always been to develop a versatile trading system that can adapt to different market environments and capitalise on a wide range of opportunities.

Skate.