What’s the maximum drawdown you could realistically hold through before selling?

Serious question:

At what point would you abandon an investment strategy, even if you believed its long-term returns were strong?

Would you hold through:

\-10%?
\-20%?
\-35%?
\-50%?

And does your answer change if the strategy historically delivered much higher returns than the market?

I’m starting to think **drawdown tolerance may matter more than returns**, because a strategy only works if you can actually stick with it.

For example:

Would you prefer:

**A)** 35% annual returns, but occasional -35% drawdowns
**B)** 12% annual returns, but never worse than -13%

Which would you actually choose with real money?

And more importantly… would you still choose the same after living through the drawdown?

Curious where people draw the line.