How I got out of 9% Drawdown On. A Funded Account

[heartstrings]

This works! I had to do the same thing. But the inclination is to risk more in hopes of making back what you lost quickly. But this is the way to do it properly. It takes discipline. But I can vouch for this plan, it works.

[kuredby]

I like to do a similar thing. If i lose 3 in a row (the start of my losing streak) I immediately scale my risk down. Just incase that losing streak continues to more losses

[transfermy]

Before Lance, and before it named "my drawdown playbook", someone who ever finished read the book named "The Turtle Traders" by Richard Dennis and William Eckhardt already know that reduce risk after every loss is the old 1980's way to help the account sustain through hard time.

[bricekerwin]

I personally scale down at a much earlier stage to avoid going below 2%. Indeed, being in the red plays a lot on my mindset and confidence so I mitigate my risks accordingly. 0.5% between -2% and 2% and 0.25% risk below -2%.

[guillaumerosselet]

Smart bro! Reduce your position sizing if you are in a challenging spot to slowly recover.

[dartpindiaries]

needed this tbh current DD 4% on my live Fundednext 😢

[tobiogunlade]

So happy watching this, because it it something I came up also for my trading. Soon I will be up there 🙏

[ghostdawg]

In this exact situation on a phase 2 FTMO 😅

[brothersvilla]

Excellent ❤.could you make video in detail about this drawdown recovery

[hashtagfilthy]

I just got put on game in a discord server to lower my risk from 1 to .5 to .25 and I walk away for the day after 3 losses in a row.

[peteralkari]

In the same situation on my phase 1 on a 100k account

[Umer]

How to deal a prop firm spread & slipage
Because my normal rr 1:2 but it's come to prop firm is 1:1.2

[gibsonjones]

but if you can afford to buy another challenge (and losing an account wouldn’t affect your psychology) then this wouldn’t make much sense mathematically. The amount of % you would need to get back to breakeven using this rule could get you another funded account PLUS payouts if you just started back at 0 with a new account