My trading strategy was developed because I'm DD averse. The way I see it there are only a few ways to avoid DD, main two being: Less risk; Better Entry. Personally I focus on great entries and tighter stops.
If you find your plan having multiple days of high DD 30-40%+, your trading strategy is likely flawed. At any moment this DD could become too much for your account to bear (Imagine holding GBPAUD buys this week). As well, you're also missing out on any number of better opportunities because this large portion of your account is locked into one trade.
If you find your plan having multiple days of high DD 30-40%+, your trading strategy is likely flawed. At any moment this DD could become too much for your account to bear (Imagine holding GBPAUD buys this week). As well, you're also missing out on any number of better opportunities because this large portion of your account is locked into one trade.
Nov 24 2020 at 20:03
If you want to make a profit from this market you need to make a good trading pan. Without a plan, you can not survive in this risky market.
Curtid33 posted:
My trading strategy was developed because I'm DD averse. The way I see it there are only a few ways to avoid DD, main two being: Less risk; Better Entry. Personally I focus on great entries and tighter stops.
If you find your plan having multiple days of high DD 30-40%+, your trading strategy is likely flawed. At any moment this DD could become too much for your account to bear (Imagine holding GBPAUD buys this week). As well, you're also missing out on any number of better opportunities because this large portion of your account is locked into one trade.
One more way that affect DD: holding time.
Multi day of high DD means trade sizes are high.
If you can prove that you can make money grows, tons of money will flow to you.
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