So if the Eur/usd is at the bottom after i check the Profit/loss column after a few hours. It remain stable for a while. I decided to make a buy for Eur/usd. I buy 0.04 lot.
Once i click the buy. The price seem to go against me. The price dropped. The price move -100 pips down. I decided to hedge it by opening a sell 0.08 lot. Now the price move up. In such scenario...How does one get out of such situation..if the price bounce up and down between 100 pips.?
I think this strategy would be good to show or talk about some scenario case. And then how one should react to manage DD.
I believe there must be some methodology to managingdd. We really need someone who is already confident of knowing how to manage dd and explain well.
Once i click the buy. The price seem to go against me. The price dropped. The price move -100 pips down. I decided to hedge it by opening a sell 0.08 lot. Now the price move up. In such scenario...How does one get out of such situation..if the price bounce up and down between 100 pips.?
I think this strategy would be good to show or talk about some scenario case. And then how one should react to manage DD.
I believe there must be some methodology to managingdd. We really need someone who is already confident of knowing how to manage dd and explain well.