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"The Road to Tens of Millions of Goals"
When the last wave hit the bottom, four more currencies were opened, and all of them were stopped, resulting in a large stop loss and a much higher drawdown than expected. The yield has also come down, and it will take several waves of profits to come back. Reflect on yourself.
‖ January 27 Trading Diary ‖
In the market, profit and loss are of the same origin, while controlling the drawdown, the future profit will also be reduced, any method of drop the drawdown, in essence, is actually dropPosition, the drawdown can only be controlled, can not be eliminated, to control the drawdown of their own capital curve, basically depends on two points:
Trade level and Position size, the more Enter a Position, the greater the possibility of drawdown, the smaller the Enter a Position, the less possible drawdown you have, because the Position when there is a loss, this is the most basic factor to control the drawdown.
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Since the drawdown can only be controlled, it is inevitable and forgivable to make mistakes, and the repair after the drawdown is even more important; no one can not make mistakes, whether in the past or in the future, mistakes will continue to be made.
The key is not to make mistakes, but to have rules, make yourself less likely to make mistakes by making rules, and have a systematic trading strategy to avoid greater drawdowns.