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DO you get scared over drawdowns?
Member Since Apr 14, 2022
40 posts
Sep 03, 2022 at 08:54
Member Since Apr 14, 2022
40 posts
Marcolis posted:
Neglecting demo trading means causing harms to you. Demo trading helps traders develop inner trading qualities and understand the market environment well.
Agreed! Demo trading is very important to know the forex market well in order to sustain in the market for a longer period.
Member Since Aug 17, 2022
79 posts
Sep 05, 2022 at 10:53
Member Since Aug 17, 2022
79 posts
One should always be prepared for facing tough situations in trading, and some of these points might help during drawdowns :
1.Be prepared to experience larger drawdowns in trading so your mind is prepared and there is no sudden shock, one should always keep possibilities.
2.Reduce risk by trading smaller when you're in a drawdown.
3.Put your trades on hold until you reach the point where you will stop, and don't worry about the drawdown until you reach that point.
1.Be prepared to experience larger drawdowns in trading so your mind is prepared and there is no sudden shock, one should always keep possibilities.
2.Reduce risk by trading smaller when you're in a drawdown.
3.Put your trades on hold until you reach the point where you will stop, and don't worry about the drawdown until you reach that point.
Member Since Apr 05, 2021
28 posts
Member Since Jul 26, 2022
45 posts
Member Since Aug 17, 2022
38 posts
Sep 09, 2022 at 10:53
Member Since Apr 04, 2022
19 posts
I recently reduced my maximum risk to 8% and now I don't hold trades below 8% drawdown. I realized that even 2% is a huge difference and trading has changed. I began to pay more attention to risks. Thus, if you consider drawdown as an instrument, then fear turns into a routine.
A falling leaf does not try to influence the wind, it enjoys flying.
Member Since Mar 13, 2018
1 posts
Member Since Sep 06, 2022
26 posts
Sep 22, 2022 at 07:24
Member Since Sep 06, 2022
26 posts
I think everyone experiences some level of fear or anxiety during a drawdown. For me, it's usually a mix of both. I get scared because I don't want to lose money, but I also get anxious because I want to make sure I'm doing everything I can to protect my capital.
The key, I think, is to have a plan in place before the drawdown happens. That way, you know what you need to do and you can focus on executing that plan. And ya, it's important to keep a cool head and not make any rash decisions. Always remember that a drawdown is temporary and the market will eventually recover.
The key, I think, is to have a plan in place before the drawdown happens. That way, you know what you need to do and you can focus on executing that plan. And ya, it's important to keep a cool head and not make any rash decisions. Always remember that a drawdown is temporary and the market will eventually recover.
Member Since Feb 16, 2022
113 posts

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