Recovering Your Fortune by Azeez Mustapha
After A Massive Blow
Seeing your trading account get destroyed is never fun. But instead of getting depressed about it, you could spend your time thinking about why it got destroyed and learn from it. Here is some advice on rebuilding a portfolio.
If you have endured significant losses in your portfolio and it has been reduced to, say, anything from 20% to 70% of the original amount or even more, you can recover what you have lost. Itís a long-term goal, but itís possible. It would only require that you do the right things to actualize your long-term goal, coupled with unending patience.
As you keep trying to quintuple your portfolio, you may be neglecting the trading principles that can safeguard your portfolio, so you often get surprised by the cunningness of price movements.
EXPERIENCING A HUGE DRAWDOWN
Many people turn to trading for financial freedom, but at some point, they start experiencing the ups and downs of trading. This is not unique to trading. Many people faced hard times during the recent credit crunch.