The largest drawdown for me with this type of trade, 14-day earnings diagonals was in early 2019: 4 trades lost in a row for a total of $835. I think this might have been before TM put in the technical condition of the stock being over its 50-day MA to open this trade. Just eye balling my data, typically I've had a few winners in a row followed by one loser. And again, I'm not taking this type of trade where the stock has already made any sort of significant move upwards in the previous few days or where the price of the whole position is above $600.