Entry 101316 - Dealing with Draw Down
New entry every Wednesday
Recently recovered from my late DD on one of my swing account.
I must say the one of the keys to get this DD recovered is keeping your head clear, know what your setup can and cannot do in any given time, and finally to have your position executed correctly.
100% hit rate for the month of October.
I have also spotted several margin call accounts across the community. After i closely looked into these account, I found traders often over commit to their position plus not having the protective SL to protect their accounts. These are the typical mistakes among novice FX traders.
DD is okay because it's a part of the trading business. What most traders ignored is that dealing with DD is equally important to growing your FX trading account.
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Trade Idea on TradingView @FXSayWhat
Trade Tweet on Twitter @MidnightLambada
New entry every Wednesday
Recently recovered from my late DD on one of my swing account.
I must say the one of the keys to get this DD recovered is keeping your head clear, know what your setup can and cannot do in any given time, and finally to have your position executed correctly.
100% hit rate for the month of October.
I have also spotted several margin call accounts across the community. After i closely looked into these account, I found traders often over commit to their position plus not having the protective SL to protect their accounts. These are the typical mistakes among novice FX traders.
DD is okay because it's a part of the trading business. What most traders ignored is that dealing with DD is equally important to growing your FX trading account.
Let me know what's your thoughts on this subject, and give this entry a "Like" if you find it helpful. ▼
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Trade Idea on TradingView @FXSayWhat
Trade Tweet on Twitter @MidnightLambada
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
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