Quote from: GreatArkansas on April 03, 2024, 02:14:19 AM

Quote from: david678345 on April 02, 2024, 10:08:35 PM

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He is able to be in drawdown from 8 trades in a row, because he is not risking a large lot size per trade.

He knows the market will retrace back or close to the original first trade,

This is the power of risk management, as long as you are consistent with your style or way of trading, you will be profitable, you need to master and control your emotions, not chasing loss is very helpful for this kind of case.
Maintaining this in the long term will make you profitable.

Yes indeed, risk management can do a lot to make a trade successful. And if you do it more consistently everytime you trade, then most likely you will never end up losing most of your trades. But do not end up with overtrading, that’s another story to tell. And never fall everytime what YouTubers have to say, its only rare of them that are telling the reality about trading, majority are still hiding their real experiences with trading, or they’re not actually trading in real life, who knows?