This is the continuation of lesson 6a focusing on Money Management and how to optimize your performance in trading. It investigates the mathematics, probability and statistics.
Hey Trading Friends. Did you know you can still make money with trades being in drawdown. In this video, I show you through 4 trades I myself have taken.
If you have questions about drawdown I'd love to chat with you. You can reach me in the comment section.
In my opinion, there is no need to hold through a draw down. Exit the trade that goes against you, and place an order at your original entry in case price comes back up to that level. Why sit there at look at a negative PnL HOPING the trade will turn around? Check out the video example.
This a brief tutorial explaining pullbacks/retests/drawdowns in the market. I hope this helps put your mind at ease.
Example shown is of DAX30/GER30
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