Thanks Mark. You always give good advice. I'll definitely rewatch this video again. Trading metrics are important to understand and to often overlooked by traders.
Hey Eliyah, thanks for taking the time to comment and support our channel! Glad to hear that the lesson is making sense! Risk management is so critical to success as a trader! Regards - Mark
Great deal of critical information a trader need to know to be profitable. Well done... This helped me determine how much I need to reel in my initial profit target to increase my win rate so I can figure out a better balance.
What do you think of a strategy that risks 2% of the account. My mentor teached me a strategy for funded account that has over 60% of win rate but it risks 2% of the account. Im looking to take the 25k account and I think the max loss is 1500 and I gotta risk 500 dollars to get 500 dollars per trade. Does that make sense? Im starting to doubt a little bit on the strategy. How Im I gonna be profitable on the long run risking that amount? Its basically like 40% of risk of the EOD drawdown and almost 100% of the daily limit which is 550
Hello, thanks for commenting. I think in that case you need to readjust your risk per trade. I don't think a 1:1 is the way to go personally, if I risk $500 per trade I expect a $750-$1000 return. 1:1 with a 60% win rate doesn't get you far.
amma try this and come back...........12k account, 3%, 360per trade, 6 trades a day, if possible........max drawdown daily 20%, 2400. ...........i'll be back.
wow 2-4 lot per $10000? So if you have a million account, you would use 200-400 lot? That's a lot of commission! Is this right? At lease trading stocks with a million dollar there's a limit to commissions amount.
As a futures trader myself, I watch your videos and they are so helpful,great and professional. Thanks Mark.
Great presentation. Thanks
Thanks Mark. You always give good advice. I'll definitely rewatch this video again. Trading metrics are important to understand and to often overlooked by traders.
I had to watch 7 times to begin to understand thank you 100%
Hey Eliyah, thanks for taking the time to comment and support our channel! Glad to hear that the lesson is making sense! Risk management is so critical to success as a trader! Regards - Mark
Thanks Mark- good information
Great stuff, thanks!
We're so glad you like our content :)
Stay tuned for more!
Great deal of critical information a trader need to know to be profitable. Well done... This helped me determine how much I need to reel in my initial profit target to increase my win rate so I can figure out a better balance.
IB Agreement link?
what is a strike rate???
What do you think of a strategy that risks 2% of the account. My mentor teached me a strategy for funded account that has over 60% of win rate but it risks 2% of the account. Im looking to take the 25k account and I think the max loss is 1500 and I gotta risk 500 dollars to get 500 dollars per trade. Does that make sense? Im starting to doubt a little bit on the strategy. How Im I gonna be profitable on the long run risking that amount? Its basically like 40% of risk of the EOD drawdown and almost 100% of the daily limit which is 550
Hello, thanks for commenting.
I think in that case you need to readjust your risk per trade. I don't think a 1:1 is the way to go personally, if I risk $500 per trade I expect a $750-$1000 return. 1:1 with a 60% win rate doesn't get you far.
Good into. Might want to take your camera off auto-exposure tho.
Technically it is a reward to risk ratio but I understand what you mean.
amma try this and come back...........12k account, 3%, 360per trade, 6 trades a day, if possible........max drawdown daily 20%, 2400. ...........i'll be back.
wow 2-4 lot per $10000? So if you have a million account, you would use 200-400 lot? That's a lot of commission! Is this right? At lease trading stocks with a million dollar there's a limit to commissions amount.
there is also a limit in futures for commission if your broker is good
5 Tick stop loss?? That's the spread ... IF NOT ...a bank stepping in ....
Jesus loves you