I've been pondering about drawdown. does drawdown reduce in the long run? Because I've noticed that I incur drawdown when holding position and losing trades.
Anyone, please help me understand.
Anyone, please help me understand.
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Dislikedlol, your question is just funny. I will just advice you demo trade more. DD (drawdown) will increase if trade is not going in your direction same for the opposite . its not how long you leave a trade to run that determine it DD. it is determined by how much price has move away or closer to your point of entry.Ignored
DislikedI've been pondering about drawdown. does drawdown reduce in the long run? Because I've noticed that I incur drawdown when holding position and losing trades. Anyone, please help me understand.Ignored
Disliked{quote} The OP's first post on the forum and that's the response. We've all asked newbie questions before. When I first started I couldn't even work out what how MT4 was distributed. It seemed to come from metaquotes but then each broker had their own MT4 so I was totally lost.Ignored
DislikedThe only way to limit or reduce drawdown is to pick precise entry points. I've been obsessed with this for 10 years and I've gotten very good at it.Ignored
DislikedAllow me to help you. I am pro trader so I think I speak with authority on this subject (check my trading journal on this site - Fundamentals of Trading) if you want my take on it. Let me make this point crystal clear cause this is the most important point in trading, hands down - If you haven't decided on a stop loss prior to entry then your not a trader, your a gambler I cant emphasize this more because without doubt all the other crap that goes with trading can be acquired over time but if you aren't man enough to decide on a stop loss and set...Ignored
DislikedAllow me to help you. I am pro trader so I think I speak with authority on this subject (check my trading journal on this site - Fundamentals of Trading) if you want my take on it. Let me make this point crystal clear cause this is the most important point in trading, hands down - If you haven't decided on a stop loss prior to entry then your not a trader, your a gambler I cant emphasize this more because without doubt all the other crap that goes with trading can be acquired over time but if you aren't man enough to decide on a stop loss and set...Ignored
DislikedWell quite aside from the fact that their are confidentiality agreements in place preventing this, I couldn't care less what you think, my answer was responding to years of frustration in the early days that I experienced, in the end you don't beat the market you just don't allow it to beat you, but you wouldnt get that would you Tradability your too busy knocking down everyone else in an effort to mask your own inadequacies As I said I have no interest in negative people like you, its shame cause if you spent more time not tearing people down you...Ignored