DO you get scared over drawdowns?
Členom od Jun 19, 2021
49 príspevkov
Apr 06, 2022 at 06:20
I lost $30,000 yesterday. I did not even flinch. I am sooooo used to it over the years. I keep trading like normal and now I am up $53,000 in all 10 positions combined together and still holding. Losses do not matter if you know your strategy and TRUST your strategy. For experienced traders: What was your biggest loss and how did you cope with it back then over the losses you have today? Are they now nothing to you or is it still tough to deal with?
*I kill pips for fun.*
Členom od Jan 10, 2022
9 príspevkov
Apr 06, 2022 at 09:22
Accepting losses and trusting your strategy can only come from years of experience of trading and fully understanding the strategy you own but even then losses are still be to noted because the markets change over time and a strategy that worked 5 years ago may not work now
Členom od Feb 15, 2022
219 príspevkov
Apr 07, 2022 at 04:31
It’s natural that drawdowns come as scary because traders should try to handle it nicely and efficiently. Traders should be devoid of the tendency of over trading and revenge trading because if traders nurture these practices, these will turn their life into hell. So don’t let it be and repair your habits.
Členom od Jun 19, 2021
49 príspevkov
Apr 07, 2022 at 05:20
Marcolis posted:
It’s natural that drawdowns come as scary because traders should try to handle it nicely and efficiently. Traders should be devoid of the tendency of over trading and revenge trading because if traders nurture these practices, these will turn their life into hell. So don’t let it be and repair your habits.
Absolutely. Revenge trading destroys your account.Only trade REAL setups and not trying to win the money back.
*I kill pips for fun.*
Členom od Apr 09, 2019
538 príspevkov
Apr 07, 2022 at 08:42
No as my maximum draw down is predefined by my risk model.
If you can't spot the liquidity then you are the liquidity.
Členom od Jan 18, 2022
48 príspevkov
May 04, 2022 at 05:58
It's not worth it to be scared by drawdowns, since you'll earn the money back twice in a while with a good strategy. Don't be scared of them, they're a normal part of growing as a trader.
Členom od Apr 04, 2022
24 príspevkov
May 04, 2022 at 10:36
You are very well trained. I can't always take losses like you do, there is a psychological barrier for me, it's 10% of the account size. I have crossed this line several times and regretted it. It is hard for me to take such losses and continue then, because this means that the trading system has a profound flaw.
A falling leaf does not try to influence the wind, it enjoys flying.
Členom od Aug 05, 2021
401 príspevkov
May 04, 2022 at 14:25
I had a lot more anxiety in the beginning and lost around $2,000 at one point, which was a lot to me at the time. It was definitely a hard experience but I think time and having a well developed strategy make it less scary, especially if you have confidence that you can earn the money back.
Členom od Jan 11, 2022
45 príspevkov
May 13, 2022 at 04:40
I agree. Losses are a part of trading, and without loss, the win is invaluable. Earlier in my beginner days I used to freak out over the simplest, most smallest loss. Once after a big loss I was so scared I felt like I would leave trading. So I took a break for 5-6 months, honed my skills on a demo account and then a micro account and then came back with a ‘slay’ attitude. Losses do not matter now, and I always trust my strategy.
Členom od Apr 18, 2019
30 príspevkov
May 16, 2022 at 21:09
Hugest loss... hmmm.. sincerely don't remember. I guess it was long before I start earning money in trading consistently. Ofc, I still trade and have both losses and gains, it doesn't' really matter for me how much I lost, the matter for me is how much I gained.
imho, it's tough to handle losses but this feeling fades away as soon as you get used to et losses. of course, on the first stages it might be difficult to perceive the losses, nevertheless, when the time flies, you start understand that it's just a part of trading and basically, it's the hugest part in trading.
I am convinced that no matter how much money you lost, the matter here is to maintain the balance and comply with money management. run the diary and watch for the development.
imho, it's tough to handle losses but this feeling fades away as soon as you get used to et losses. of course, on the first stages it might be difficult to perceive the losses, nevertheless, when the time flies, you start understand that it's just a part of trading and basically, it's the hugest part in trading.
I am convinced that no matter how much money you lost, the matter here is to maintain the balance and comply with money management. run the diary and watch for the development.
Členom od Aug 11, 2019
21 príspevkov
Aug 14, 2022 at 17:08
On the one hand, you are certainly right.
On the other hand, it is very difficult to endure it from an emotional point of view.
Many people do not cope well with such pressure and therefore refuse to trade.
On the other hand, it is very difficult to endure it from an emotional point of view.
Many people do not cope well with such pressure and therefore refuse to trade.
Členom od Sep 20, 2019
28 príspevkov
Aug 14, 2022 at 17:25
You must be a strong trader. I wish such drawdowns happen less often, it’s all so cool when everything goes well and you worry less, although this is of course impossible, even professionals run into such things, besides, this can always be assessed as an opportunity for additional investment (with a reasonable risk -management).
Členom od Jun 19, 2021
49 príspevkov
Aug 14, 2022 at 18:42
I am so trained into my own strategy that I no longer use stop losses. Now I am past $1 million.
*I kill pips for fun.*
Členom od Aug 19, 2021
246 príspevkov
Aug 17, 2022 at 15:21
Oh I was furious when I had a drawdown. I swear like never before in my life. 😡😡😝
But this is just a sign that my strategy is not perfect and something needs to change. Accept the fact that losses are possible. And constantly improve your trading strategy.
But this is just a sign that my strategy is not perfect and something needs to change. Accept the fact that losses are possible. And constantly improve your trading strategy.
Členom od Jul 20, 2020
399 príspevkov
Aug 17, 2022 at 15:35
At the beginning it can be daunting but as you progress you should have proper risk management in place where drawdowns and losses are emotionally hurtful
Členom od Aug 02, 2022
22 príspevkov
Aug 19, 2022 at 05:32
I think we don’t need to panic about our account drawdown as long as we are keeping them in limits based on our risk appetite. It also depends on how much loss is acceptable to you. There is nothing to worry about as long as you have a well-defined strategy and risk management plan along with confidence in your skills as a trader. Being scared of losses would only limit your profits and stress you out. We must accept our wins and losses alike with a professional approach.
Členom od Aug 05, 2022
28 príspevkov
Aug 19, 2022 at 14:06
Accepting losses and trusting the strategy you own. And learn to use the forex tools's also very important!!!
Prílohy:
Členom od Aug 17, 2022
45 príspevkov
Sep 02, 2022 at 12:39
To handle, and reduce inevitable drawdowns, I personally recommend trading small, trading multiple markets and time frames, and, most importantly, trading within a wide risk tolerance margin.
Členom od Apr 09, 2019
538 príspevkov
Sep 02, 2022 at 13:23
Another way to avoid the fear is aside from setting a risk amount you can lose without worry like 1%, don't look on MT4 once the trade is live. Focus on the marked up trade on Trading View and see it as just a win or loss. The value of the DD can only be 1% max, regardless of amount of capital.
If you can't spot the liquidity then you are the liquidity.
Členom od Feb 15, 2022
219 príspevkov
Sep 03, 2022 at 07:17
Neglecting demo trading means causing harms to you. Demo trading helps traders develop inner trading qualities and understand the market environment well.
