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Okay guys so for this video will be going over my system
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As you can see my system is very concise
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Short and straight to the point
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I did this on purpose because when we're treating we have to make quick decisions
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For me to have a long system it will be very confusing so I kept it very short
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The first rule in my system is we risk zero 0.5% portrayed idea on a fun date
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Tropicana
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Me a my account
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How long you risked 0.5% on One Tree idea
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Isn't that very small
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Well it's not actually 0.5% let me explain that say for example you get 100K account
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800k funded account from a prop proper will you actually
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Our managing is only 10K because you can only lose 10kg so you're only managing to
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Kanki
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20.5 per cent of 100K is 500 but
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We're not managing 100K what managing Tanki so what is
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500
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In Tanki 500 is 5% of Tanki so in reality we are risking fire
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5% / treat idea so it's 0.5% Retreat ID on a funny prop account but
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If it was just my regular account not a funded account
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Audi racing 5%
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Patriot idea there the same amount
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On my
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Broker
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Okay
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Go to number 2102 restaurant I made a whole video on why I
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Risk
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Why I use a 12-2 risk-to-reward and so I don't think I went over it
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This part so
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When I'm in a trade and it hits my 11
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When I'm when I'm in the trade
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Much simpler
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When I'm going to trade
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I think it's a 1228 but price
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I answered right here
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Hit my 11
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I need replace my stop loss
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To entry so now that is a risk-free trade I don't see Parcels nothing I let it run
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To either mytp which is a 12-2
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Bored or it will hit my break even point
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But that is my system
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And number three is maximum lost in a date is 1% or basically you can only take 2 L
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Bealls in a day
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And the reason why is because
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After you take two elves
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Your
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Stop to start to
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Become a little fuzzy that psychology starts kicking in even if there's a nice
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Trade setup you have bad Psychology from just taking 2 hours in a row
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Sergeant and the day when when I hit the - 1%
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And also just to add on about why I use -1% which is basically to
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Losses in a row so after 2
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Alessandro I stop tweeting no matter what and the reason why is because
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This day this was last year in December
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I spent a lot of time trying to build his account this it's going to keep onto the account with ftmo and I was upset
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$15,000 and what happened was Justin one day I was having a bad day bachelor in psychology
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And I lost
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The whole account I blew 10%
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In one day I mean 5% of Monday the 10 key and I went from having a 16k
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2 down to 60
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I lost 10 kg in one day
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And I lost the whole account and this is my only account I had it that time it was a very very bad day
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And I'm over this day because I was working my job as a doorman to
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And it's going to be one of my biggest payout yet but I had a bad swing psychology I took like 34
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By treating the road and I over lovers
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I had that amateur my says I need my money back and eventually I blew my account
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That's why it's very important and that's why I added it I added this rule in my training plan
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That answer to losses in a row or after Ian - 1%
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Which is two losses
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Two lost in one day I stopped reading no matter what no matter what because I know that after I take too long
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Bosses in one day my psychology is all messed up and I do not want to be treating when I have a bad psychology gnome
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Matter how good the setup is
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I just wanted to add that
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Okay so going back to the first rule wrist 0.5% the tree idea
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Where did the number 0.5% come from
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0.5% is not too conservative and it's also not too aggressive because
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For me to blow my account
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I need to lose 10 20 trade in a row to blow my account
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And using my system of one or two and just needing just and just
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Needing a 50% accuracy
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Three possible to make money
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It's very very very very very very unlikely that I will blow my account as long
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Keep the same risk as long as I follow this system right here it's very very unlikely the only
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I can blow my account is if I
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Go out of my way and don't follow
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This system
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Multiply not use 1% for trade which is Pantry in the row now that's unlikely to
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But
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It is unlikely but it's possible whereas 22 is Monroe is very unlikely
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It's very likely because some Traders what happens is
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So for the traitors that have a good month yeah you'll make good profit but what happens when the Bad seasons come
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Because like I mentioned before there are seasons in treating there are times where
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For a couple of months your accuracy is phenomenal then the next month your accuracy is
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Horrible will you start thinking and my strategy good then the next month your accuracy is good then the next month
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Is bad in the next month is beautiful
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So there are seasons in trading and this system will work no matter what season it is
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Where are the people who risk 1% if they're in the back season any loose what 6730 now
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Now. All they have is 3% left in the account where we ask for us we have still be still
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Still have a lot of
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We still have a lot of
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Capital to treat an hour psychology is not messed up when I think you want my God I'm on the verge of losing
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Losing this account no way prepared
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So one second entries in a row if we risk 1%. Why we should not rest mode
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Unapologetic counts
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Unless you have a very low pain the account but like I said this is my system imanage
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I manage a big account so I don't plan on losing my account
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And this system is not going to make you 10 20% a month
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Because 10 20% of month is not even realistic
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Being in this industry I've never seen anyone make 10 20%
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Update account every month month after month after month asking people do 20% and their account
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And then within the next couple of months they blow it that's why you see on you see these two
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But then what happens if couple months later
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There's no more or there's also a statistic that came off from mff which said that
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After
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A big payout most Traders blow their accounts
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So this is some is not
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Free to make baked beans
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This system is for you to make money consistently every month it might not be 10 20%
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System can get you is
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Anywhere between 3 to 7%
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Consistently that's the key word consistently
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One-point lead for the Bad seasons
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So you don't lose the account
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Cuz like I mentioned before
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In the Good Seasons their Traders rescue 1% of more yeah they have nice Piazza wish deschamps
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Social media but what happens in the baskies in which is inevitable for every traitor
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They lose or below their account
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Just reminded all I wanted to tell the story about when I used to work as a doorman in the up
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Upper West Side
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Manhattan New York City a very expensive building
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Where doctors lawyers Theo's businessmen
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I used to talk to a doctor she was the director of Neurology in mountain night which is a very very
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Was one of the best hospitals in New York
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Or in the whole world not tonight and he was telling me how
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Her motto is she
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Expect the best but is always prepared for the worst
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And that quotes talk to me because
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I treated we need to expect the best
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Of course but we also more importantly need to be prepared for the worst
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And this system prepared you for the worst
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So I liked ended
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At that
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Thank you for listening Austin xvideo
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