I trade daily/weekly/monthly charts on a variety of pairs as I've found trending to be truer and S/R to be easiest to decipher. That said, everything comes at a cost and the cost in this case is drawdown while waiting for the trend to move back in my favor.
I consistently see pip drawdowns in the 500-1000 range and overall account drawdown between 5-25% - on a 5k account. This, of course, is subjective to my individual risk appetite but I'm wondering what other swing traders work with from a drawdown perspective.
Thanks in advance and looking forward to a great discussion.
I consistently see pip drawdowns in the 500-1000 range and overall account drawdown between 5-25% - on a 5k account. This, of course, is subjective to my individual risk appetite but I'm wondering what other swing traders work with from a drawdown perspective.
Thanks in advance and looking forward to a great discussion.