PROTECTING CAPITAL.
As a trader when you get to a point where you are deep in drawdown and you dont have another means of getting another account,I'd suggest you cut your risk by half and move out of drawdown slowly.Nobody cares about your account, and it should remain that way. Your account is yours and yours ONLY.Best regardsThe Company Inc.
Drawdowns are part of trading, but protecting capital is what keeps you in the game. Lowering risk and staying disciplined is often the best way to recover.
This is true. And I think the best way to protect an account is to avoid deep drawdowns in the first place. That comes from proper risk management. Cut your lot size and the number of trades. I never risk more than a fixed 2% per trade in a world where the market proposes 10%. Here’s a snapshot of how our system manages it in real time.
