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DO you get scared over drawdowns?
Mitglied seit Apr 14, 2022
40 Posts
Sep 03, 2022 at 08:54
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.
Mitglied seit Aug 17, 2022
79 Posts
Sep 05, 2022 at 10:53
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.
Mitglied seit Apr 05, 2021
28 Posts
Sep 05, 2022 at 14:14
Knowing where to get out when you get in and understanding market behavior usually calms the fear caused by DD...
Ask, and you will receive; seek, and you will find; knock, and it will be opened to you.
Mitglied seit Jul 26, 2022
45 Posts
Sep 07, 2022 at 12:00
Fear of drawdown is normal, but the important thing is whether you can manage it and ultimately make profits.
Mitglied seit Aug 17, 2022
38 Posts
Sep 08, 2022 at 11:09
I do get scared of drawdowns but I think that risk works as a great motivation for me to trade with full concentration and dedication.
Sep 09, 2022 at 10:53
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.
Mitglied seit Mar 13, 2018
1 Posts
Sep 09, 2022 at 11:05
Profit of five pips a day will keep the doctor away!
Mitglied seit Sep 06, 2022
26 Posts
Sep 22, 2022 at 07:24
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.
Mitglied seit Feb 16, 2022
113 Posts
Sep 29, 2022 at 19:11
To conquer Forex trading, traders have to continue learning patiently. Don’t jump into live trading with earning knowledge and skill by trading on demo account
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