The retail day trader typically starts with a smaller balance and grand ambitions of turning trading into a longer-term profession. Since that plan may be to turn a $5,000 or $10,000 account into something that is 5 or 10X as large, it can be natural to view a withdrawal as a step in the wrong direction. Every penny you take out of an account is one that can't grow tenfold.
But that's the wrong way to look at it. In fact, taking a withdrawal is a critical step towards becoming a professional trader.
In this week's Coach's Playbook, the coaches talk about when traders should take a withdrawal and why. Enjoy.