Hello Traders, apologies about the period of inactivity on the blog. Two reasons, firstly was due to a number of exciting trading projects I was working on and secondly I only really like to blog when I have something really meaningful to talk about which are drawn from real experiences from trading. This week, based on feedback I received from my trade alert subscribers, I have just that. I feel that you can learn a great deal from this week’s video and also get a lot of inspiration from the content.
January was a good solid trading month where all but one trade resulted in a profit. However would you learn much from me just showing you winning trades? I don’t think so. Therefore I would rather concentrate on this month where I started with a big drawdown, and more importantly how I traded through it to come out the other side in tact and confident of finishing Feb in a nice profit.
In today’s video I run through my very own thought process of how I dealt with the drawdown mentally and still remained confident, consistent and disciplined throughout. Taking a drawdown can cause all sorts of problems for traders causing a losing patch to snowball into something greater. I provide some key tips on how to trade through an inevitable drawdown so that when it happens to you next, you are in a stronger position to tackle it head on.
Anyway, as always, prosperous trading.
Until we speak next