Original subtitles

might be, just focusing on anything else. Um so yeah, risk

I believe it is. Um but yeah as anyways take care and please

you know diverting from that is never going to end well. You

it's the most simple thing. Use, use an appropriate site. I

take this take this seriously. Risk management is so

have one anyways. It's just a general one I use on FX Street

time, whether it be studies or you know, just whatever it

to that if you really think about it 0. 25% and you hit a 1

do the revenge trading it's called in this industry When

completely stop trading, focus on some other things at the

sometimes it happens you know up to 0. 5, but there I've got

back, get that back and you're trying to get that money back

there's no there's no luck in the market. This is all

guys need but I'm pretty sure if you're trading, most of you

management is going to be the most key thing I would say in

this whole sort of strategy. You need to stick to it and

but eventually just leads you into a hole where you keep

to 10 that's 2. 5% gain and you're risking very very

you have a tiny losing streak and you're trying to get that

accumulation I would risk 0. 25% on that trade when it comes

minimal amounts I wouldn't want to risk anymore 0. 25% on that

I can send in a risk management position size calculate if you

and then again the two losing trades in a day to stop trading

losing and losing. If this ever happens to me, I always take

they over leverage and they over trade because they try to

some time off the markets, get my head away from it, I just

you put a sell limit on the buy limit and then when it comes to

to make sure my stop loss is just a bit bigger do not over

over trading kills most people that I know especially when

trade so this will be for example a ah a risk trade that

that day avoid trading outside the plan and never over trade

expose yourself in the same currency pair at the same time

Monday to Friday because Mondays and Fridays I barely I

low time frame trades when I'm doing maybe a one minute ah

for example to really sort of stick to my plan and sometimes

something like that. It's ridiculous. And then again

even even now I'd find myself for example over risking on a

for me I would that that took me let's just say a few months

stat. 90% of retail traders drop out within 90 days or

that efficiently. Um I risk 0. 5% to 1% on a high time frame

keep your trading plan printed out keep it where your desk is

obviously the the way to actually make money in this

of the hardest industries in the world where I think it's a

industry is through larger accounts and being able to grow

we talk about you know gets to a point of interest and then

might be lucky here and there where one of the trades that

barely even trade them days so it's usually Tuesday Wednesday

something that I'm going to be going through as well because

trade or doubling down when I shouldn't be. And that's

working well then you start to see the profits coming in and

trades nothing more than that but usually in a week it's only

something where I have to refer back to my trading plan because

you've over leveraged on goes really well but that luck

systematic. You know you're coming up in quite possibly one

trading starts to become systematic and your strategy is

day. No matter what it is because two trades that day for

mention this but it's so key and people really do forget it

out and read it like it's like it's a script because once

similar currency pair at a time. So if you remember from

never over trade. Now when it comes to funded accounts it's

other thing do not overexpose yourself in more than one

about three or four trades throughout the entire week from

at. Um but all Always make sure that I just stick to one of

Thursday couple of trades them three days is alright avoid

way and it goes against my direction then I'm in two

my sort of plan is a lot anyways and but then again it

them at the time and sort of keep the other one on the

where your monitor is or laptop whoever it is keep it printed

sidelines because I don't want to over risk on two of the

the last section that we were talking about choosing your

personally two losing trades in a day and I stop trading that

same sort of similar pairs for example if USD goes the same

to reward. If you've got a positive and a good number then

losing trades. Now when it comes to losing trades me

your USD and GBP USD are two of the main currency pairs I look

currency pairs. When it comes to that is like for example

you to see losses in your account and then obviously risk

your account is just going to grow substantially. Uh one

outside trading plan at all times this I don't even have to

ever really let myself trade in a day is what maybe three 4

would go in a few more times I mean the max I think I would

it's a smaller account than any of the funded accounts so

depends if you're seeing a lot of good order flow in the day I

anywhere between then is good online people say 3% is alright

as well personally I don't really stick to that because

few thousand, whatever it may be. Um personally I only risk

between one and 2% of trade. Very rarely do I even risk 2

confirmation trades not really many risk trades so my stop

is because on my normal size accounts I usually trade

percent. It's always between 0. 5 and 1%. The reason for that

loss is usually below I don't know below 10 pips between 5

kind of trade you know what I mean it's it's 1% obviously

you're just trading 1% it will actually really take time for

free losses in a row can really really hurt your account but if

and 10 pips sometimes, even less than that so it would be

not stupid but it would be risky of me to risk 2% on that

strategy and then what you can possibly do as well. So on a

just going to be explaining my risk management sort of

going to be profitable. If you're winning at least half

the trades and your risk management is good mean you're

you're going to be going far in this business at least. So I'm

normal size account for me this is anywhere in a few hundred,

long as you've got a win rate and perfect risk you're always

to technical strategies you know so you can have any

strategy in the world whether it be retail whatever it is. As

mindset honestly is such a big difference. And when it comes

part of the course I would say. Obviously next we've got

So guys we're finally onto the last section of the technical

fundamentals but it's the last part. Last piece to the puzzle

looking at is risk management and this is this psychology and

for the technical side. Um so first thing we're going to be

important. Alright guys, see you in the next video.