apologies if I caused offense, it was just some friendly banter. :) No offense meant - ultimately all traders are different -
one thing I can tell you for sure though - you wouldn't be looking at 40% draw-down if you did some fundamental research before hitting the order button on some of those pattern setups... I honestly think you will struggle to find any serious investor with 40% DD.... When I say serious, i'm talking about worthwhile investors that you can actually make a living from, i.e. 200K upwards, not pointless 10k accounts that you simply cant make a living from.
Imagine you buy race horses....
Do you invest a horse because it looks cool and looks like a horse you saw win last week in terms of its build and coloring, or do you buy it because it has solid genetics, outstanding bloodlines, and exceptional training.....?
Surely you must agree that if you went for option one it would be a little silly...?
I'm not saying patterns are pointless, but i am saying that if you look at things from a logical investment point of view and use fundamental reasoning to cut out SOME of the trades you would otherwise blindly take then you will become more invest-able and wont be showing massive 40% draw downs any more....
Sorry if I sound preachy, im genuinely trying to help and am only talking from experience - but that's a subject for another area i guess.
Have a good weekend all.
HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions