Why Most Traders Fail at Risk Management
ฝัง
- เผยแพร่เมื่อ 13 ก.ค. 2024
- Brian's Discord: www.brianleetrades.com/discord
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00:00 - Introduction and Welcome
00:31 - Understanding Risk in Trading
01:22 - Sponsor Message
01:40 - Common Misconceptions About Risk
02:37 - Geometric Returns and Losses Explained
04:22 - Importance of Consistent Position Sizing
06:23 - Early Lessons in Risk Management
10:05 - Tail Risk and its Implications
12:32 - Algorithmic Trading Mistakes
15:02 - Market Psychology and Trading Cycles
16:25 - Dealing with FOMO and Unrealistic Expectations
19:35 - Emotional Challenges in Trading
22:48 - Daily and Position Max Loss Strategies
29:18 - Avoiding Common Trading Mistakes
32:59 - Building a Strong Risk Management Foundation
39:04 - The Value of Community and Mentorship in Trading - บันเทิง
Brian's Discord: www.brianleetrades.com/discord
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A lot of golden nuggets here to pick up. One of the many things that stood out is when Brian spoke about how when he is having a tough time, he reaches out to others. That makes a big difference. Sometimes I think it must be me, then hear someone with such vast experience has a struggle, it lets me know I’m on the right track. That alone goes a long way in staying in this game.
Excellent that you walked away with that! When any of us think “it’s only me” that is our inner gremlin shaming us into more isolation with its lies. Trading is hard. For every single trader. Experienced or not! Whatever you’re going through - remember that another trader somewhere has their own version of the same challenge.
Thanks Kim, good talking with ya!
Fantastic topic - thank you for sharing all your hard earned wisdom. 🙇♀️
It’s insane to me that this wonderful episode only has 300+ views so far. You both were wonderful. I can’t thank you enough for these reminders Brian. Sometimes I find myself holding a profitable position too long and allowing it to turn into a loser but, from my tracking I know that if I just took profits consistently at 2R every time based on my style, I’d be very profitable. You have a great sense of detachment that is necessary for profitable trading.
@@roberteisdorfer8776 glad this episode is landing for you Robert! I agree that I wish more traders would watch this episode and learn from Brian’s genius. Help me spread the word, eh?
What happens if you commit to cutting at 2R? Are you willing to make that happen? 🤞
@@roberteisdorfer8776 Appreciate that Robert!