Holding through a drawdown.

Name: Holding through a drawdown.
Uploaded: 2020-09-12T20:27:01.780983
Channel: NorthStarDayTrading
Description: In my opinion, there is no need to hold through a draw down. Exit the trade that goes against you, and place an order at your original entry in case price comes back up to that level. Why sit there at look at a negative PnL HOPING the trade will turn around? Check out the video example.

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Micro E-mini Nasdaq-100 Index Futures (Sep 2020) (CME_MINI:MNQU2020)

CME_MINI:MNQU2020 Micro E-mini Nasdaq-100 Index Futures (Sep 2020)

Risk Management Trading Psychology Trading Plan drawdown

riskmanagement tradingpsychology tradingplan drawdown

In my opinion, there is no need to hold through a draw down. Exit the trade that goes against you, and place an order at your original entry in case price comes back up to that level. Why sit there at look at a negative PnL HOPING the trade will turn around? Check out the video example.

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