Disliked{quote} some important things are:- 1) to close some ME trades at breakeven and keep the oldest ones protected to run 2) never allow your trades to hit the Hard Stop Loss which is there to protect your entire account from being wipe out. 3) know when to cut some small losses 4) keep you drawdown small 5) know how to do the recovery from drawdown in short time ... more/- your winning edge depens on many factors. one of it is understanding and how youu Manage Drawdown .. Post#60,103...Ignored
I will create a separate 50K demo account in next week but I did some trades in existing demo account . Most of these were good. Please couple of trades were reached to 200 to 300 pips in loss so i closed and did not wait to hit 400 pips hard SL. Please advice when to close the basket to cut the losses , which is most important part of Me/ME system.
Please advice when trades is not in our favor what is the point of smart loss cut.
Thanks