UNIJOS MTL COMMUNITY

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@ireoluwafx - 1 month ago
Quoted - wavey_

Smart MoneyConcept is trading like institutions.

No chasing Price

Just wait for liquidity,

Break of Structure

Order Block to give sniper entries

Yes coach. SMC = trade like institutions. No chasing. Wait for liquidity, BOS, then entry at order block for sniper entries.

P
@pisces03 - 1 month ago

Good morning everyone

We're almost at the top

Hope we all slept well?

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@nitnez - 1 month ago

Now, Drawdown is the peak to trough decline in the value of a trading account or investment over a specific period

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@nitnez - 1 month ago
Quoted - nitnez

Now, Drawdown is the peak to trough decline in the value of a trading account or investment over a specific period

And there are a few concept in drawdown which we would look at:

Peak: this is the highest equity or balance value your account reach before experiencing losses!

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@nitnez - 1 month ago

Trough: This is the lowest point your account drops to after that peak, before it starts recovering or returns to its new high

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@nitnez - 1 month ago

We also have Maximum Draw Down abbreviated as Max DD.

This is the largest peak to trough drop recorded over the entire trading history

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@nitnez - 1 month ago

And here is why DD (drawdown) matters,

Risk Management

Prop Firm Evaluation

Trading psychology etc

H
@hellgan - 1 month ago
Quoted - hellgan

Why is risk management important

Risk management is basically the backbone of long term survival in trading and investing

H
@hellgan - 1 month ago
Quoted - hellgan

Risk management is basically the backbone of long term survival in trading and investing

Risk management helps to preserve capital,

If you lose all your capital in trading, you’d eventually have to outsource more capital and most times it takes time.

So unless you have a place where you stash your money, you’d lose your ability to hold a good lot size or even the trading in general

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@samson - 1 month ago

Good morning everyone

S
@samson - 1 month ago
Quoted - hellgan

This is very true, even in betting

Fine girl you dey bet? Economy sey touch everybody wetin no good

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