218: How To Recover From Your First Drawdown

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.

>> Watch the video recording!

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

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What 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!