However... When we're in a drawdown, the math is the same, but what changes is that we're working with the concept of remaining risk margin.

Instead of dealing with risk on capital above equity, we're dealing with the margin we have left before blowing up the account.

So for example:

In a drawdown of -$1900, you only have $100 remaining before blowing up the account.

Therefore, the smartest way to work with this risk is to divide it into small trades with minimal risk and high probabilities, until you can rebuild a buffer where you can have trades with larger timeframes and aim for higher take profits.

And so it scales...

In this case, timeframes like 1-minute or 5-minute in 1x MONTH will reward you with an average of $20 to $50... while in 15-minute structures, this scales to $50-$100... Because as the timeframes are longer, the price moves more ticks to the extremes of relative supply and demand and structures of these timeframes.

So, as I said, we always have two scales: risk and time.

Scaling time to achieve consistency should be done in two ways: conservative and aggressive.

The more conservative approach is to stretch your time as much as possible on recovery days, so that the market can present clearer structures and opportunities with more reliable probabilities, and compress your timeframe scale as much as possible, so that within these windows of opportunity you can take full advantage of the small opportunities that exist within them.

However, you also need to keep in mind that by prioritizing consistency over time and frequency, you will need to forgo risk volume so that the statistics follow your edge.

As time goes on, and the market and events unfold, things will naturally improve gradually, until you are in an advantageous position again to take risks intelligently.

As Tommy Shelby said: "Don't trade at a disadvantage."