The urge you feel to recover from that 1 or 2 or 3% drawdown to catch a banger trade and overcome the challenge is the biggest reason why most traders end up blowing their accounts.
π§΅
π§΅
To avoid this urge hereβs what I do whenever am in DD
1- I keep my risk fixed as RR fixed as well
2- I take only A+ setups
3-My average loosing streaks is 5 so I do the maths risking 1% on each trade and targeting 1:3 even if i encounter 5 loosing streaks Iβll only be down with 5% and with 2 good trades I bounce from the DD to+1%
1- I keep my risk fixed as RR fixed as well
2- I take only A+ setups
3-My average loosing streaks is 5 so I do the maths risking 1% on each trade and targeting 1:3 even if i encounter 5 loosing streaks Iβll only be down with 5% and with 2 good trades I bounce from the DD to+1%
In as much as you keep your risk and RR fixed and trade A+ setups surely you wonβt be blowing your challenge accounts up and down.
Another secret is trading with a Good firm such as @fundingpips where you are given no time limit to pass the challenge so you donβt rush.
-No consistency rule or daily target or lot size restriction.
To trade with fundingpips use this link for a 5% discount app.fundingpips.com
Another secret is trading with a Good firm such as @fundingpips where you are given no time limit to pass the challenge so you donβt rush.
-No consistency rule or daily target or lot size restriction.
To trade with fundingpips use this link for a 5% discount app.fundingpips.com
Loading suggestions...