Tips for Managing your Trading Account in Drawdown

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Our number one tip for anyone in drawdown, whether on a funding challenge or funded account, is to lower your lot size and percentage risk per trade. If, for example, your account is down 5%, reduce your risk from 1% to 0.5% and grow the 4% back up using the reduced risk. Once you are successfully at break even, your confidence will be restored, and you can resume placing 1% risk trades. Always avoid the temptation to over-leverage, it can amplify drawdowns. Instead, stick to your pre-determined risk parameters. 

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