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DO you get scared over drawdowns?
Anggota Sejak Apr 14, 2022
34 pos
Sep 03, 2022 at 08:54
Anggota Sejak Apr 14, 2022
34 pos
Marcolis posted:Agreed! Demo trading is very important to know the forex market well in order to sustain in the market for a longer period.
Neglecting demo trading means causing harms to you. Demo trading helps traders develop inner trading qualities and understand the market environment well.
Anggota Sejak Aug 17, 2022
80 pos
Sep 05, 2022 at 10:53
Anggota Sejak Aug 17, 2022
80 pos
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.
Anggota Sejak Apr 05, 2021
29 pos
Anggota Sejak Jul 26, 2022
49 pos
Anggota Sejak Aug 17, 2022
39 pos
Sep 09, 2022 at 10:53
Anggota Sejak Apr 04, 2022
23 pos
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.
Anggota Sejak Mar 13, 2018
1 pos
Anggota Sejak Sep 06, 2022
26 pos
Sep 22, 2022 at 07:24
Anggota Sejak Sep 06, 2022
26 pos
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.
Anggota Sejak Feb 16, 2022
119 pos
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