218: How To Recover From Your First Drawdown
Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders
English - October 28, 2019 08:00 - 12 minutes - 23 MB - ★★★★★ - 56 ratingsInvesting Business Education desiretotrade forex futures investing learntotrade motivation stockmarket stocktrading trading Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: 217: 3 Full-Time Traders With Uncommon Yet Powerful Advice!
Next Episode: 219: The Power Of Compounding ft. Alejandro
How To Recover From Your First Drawdown
In episode 218 of the Desire To Trade Podcast, I share with you how I had my 1st drawdown in the Forex market and what steps I took to get out of it.
In This Episode, You'll Learn... Into to the podcast and updates on Etienne's trading 00:15 How Etienne's 1st drawdown happened? 03:01 Factors that lead to the drawdown 05:19
Different timezones 05:19 New strategy / Changing strategies 05:47 Lack of quality trading opportunities 06:34 Peer / Self-pressure to take trades -> take lower quality trades 07:11 Handling my 1st drawdown 07:55 Coming out of the drawdown 08:44 How to get out of your drawdowns 10:01 And much more!
What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!
Resources Mentioned Desire To TRADE Academy DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: AxiTrader (use our link to get a special bonus) Pepperstone (special signup offer) SCM (Scandinavian Capital Markets) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodesWhat is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!