The ONLY Risk Management Video YOU WILL EVER NEED...

"we're going to hit one point two six nine eight if we do for me personally this is going to be a good place to look for some possible counter-trend bounce up to the next major level of structure being at one point to 803 so this is a possible area where I'll be looking to get a possible around 100 pip bounce out of this market for a counter-trend play here on the pound dollar"

"we were expecting this market to come down into the 1.27 area and we were expecting about a hundred pit bounce out of the market after touching that area"

"this market is pushed up 50 pips about half of what we expected so what does that mean well that means that based on the analysis we've done through historical data and the analysis we've done in the past based on that we could see higher bounce out of this market we could see the pound dollar do something like this or a even better situation that we're actually waiting for here at the trading channel is a retest of this 127 level and it's very specific entry reason right here at this level to go long in anticipation for the rest of that 100 pip move"

"we're actually just waiting on a double bottom at this very specific level of structure that we pointed out earlier in the week based on major support looking out on the daily charts"

"I would expect from this level is something around 100 pips of a bounce maybe even a bounce up the 128 level at around that 100 pip mark"

"we're waiting on the Aussie dollar to get into that area and provide some type of entry reason to go long based on our structure analysis and our trend analysis out on higher time frames the daily chart"

"this concept is risk management and risk management consists of about three major parts what are these three parts well it starts with risk capital then risk per trade and overall exposure is the third these three concepts are going to play a major part in your trading and will play a major part in your trading success"

"we have a new trader he starts trading right let's say he allocated 100 percent of his net worth he allocated every bit of his savings account to trading now he jumps in the market he expects to win every trade he traits 10 different trades because he saw a very nice-looking strategy on YouTube somewhere so he takes the next 10 trades he sees based on what he thinks that strategy is he loses six of them he doesn't understand risk management and risk capital he's risking a little bit more than he should per trade he loses 60% of his total account value that trader is almost done with trading in only 10 trades because of this concept of non understanding risk capital he saw 60% of his net worth in 10 trait that is something you want to avoid at all costs"

"first step to understanding and implementing risk management into your trading something that's massively important and that can keep you from being the 90% of traders that fail is understanding risk capital and only allocating an amount of money that you are comfortable if lost to trading"

"you have to be risking a very small percentage of that account per trade and that has to be something you're comfortable with as well take the same trader for example or actually let's do a new example let's take a strategy that's about 60 percent accurate and based on the strategy has a series of five losses in a row so in that exact position with five losses in a row let's say that's the maximum drawdown as those five losses in a row for this specific strategy what if you were risking 5% of your total account value every single trade those five losses in a row would create a 25% drawdown now you have to ask yourself are you comfortable losing 25% of your total account or do you need to risk less a lot of times the number is thrown around that 2% of your total account value is the maximum amount you should ever risk on a trade"

"the way to figure out your wrist portrayed this comes with a lot of work you have to create your rules based strategy back test that strategy through historical data see the expected ROI and drawdown of that strategy in it to adjust your risk per position until that drawdown number hits a number that you're actually comfortable with"

"personally I don't like having more than 6 percent of my total account ever exposed in the market at once right I don't want to be in more than three trades at a time if I'm risking 2% per trade six trades at a time if I'm risking 1% per trade I don't want to ever risk more than 6 percent of my total account value at any one given time based on the amount of trades I'm in and based on my risk per position"