[quote=forextarget;7857193]
Any position between price and your stop loss is your predefined risk. This is a "controlled and managed risk"
Any reference to a drawdown in my books means a "floating " or "uncontrollable" loss.
Any system therefore which could place you in a "drawdown" has the potential to hurt if not wipe out your account.
Gerhard
Disliked{quote} You just need a good tool for entry, and a smaller TF. Small TF = Small drawdown, Big TF = Big drawdown.[/quo NO STOPLOSS MEANS MARGIN CALLIgnored
Any position between price and your stop loss is your predefined risk. This is a "controlled and managed risk"
Any reference to a drawdown in my books means a "floating " or "uncontrollable" loss.
Any system therefore which could place you in a "drawdown" has the potential to hurt if not wipe out your account.
Gerhard
Never Ever Give Up!