We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Exceptional content. I think this is a piece that many traders are missing. I know I personally always go for the largest accounts and I see now why this is a mistake. Thank you Kimmel.
Woah, I realized I am a conservative risking 0.3% per trade and I am already on my 3rd month trading FTMO Phase 1.. Lol. When I checked my journal, I was not losing more than 4 in a row so I might try this normal approach of 0.5% and 1% until I get to breakeven
soo true, I risk 0.20% per trade due to this I take 4 Months to pass Phase 1 of 10K Account. Now I Understand how I Change my risk Approach acc. to equity curve. thanks Kimmel🏁🏁
The normal is the most reasonable option at any time. 0.5% - 1% puts enough buffer. If I can add one thing here, it is once an account is below the starting balance, risk 0.5% then when BE or above the balance, you can risk 1% again and it will still make sense. Well done giving explanation and suggestions. A lot will benefit from it kimmel 🏁
Translating this to futures firms or firms that have different dd levels - would you say it another way that aggressive gives you 4Ls in a row at starting balance to fail (so in other words DD level to failure divided by four trades equals your risk) and normal is 8-20 trades to failure from starting balance? I think you are basing this on FTMO’s 10% dd and the firms I use have much less dd. Pretty sure that would be the conversion though 🤔 someone please fill me in if that’s incorrect. Thank you for another excellent video.
🏁What i am using right now is: Just 1% (which actually fits your "normal" formular) passed stage 1 with that. Now in stage 2 i will keep 1% but if i get to 50% of the max DD which is -5% (10% max DD) i reduce the risk also to 50% = 0.5% risk for me until i am back to breakeven on the acc, at that point i go back to 1% risk 🏁
🏁 I risk low at key levels, but I will increase my risk to 1%. When im in a trade i make sure to take some profits. I go for $5k to 25k accounts until I prove I can trade with a bigger account. I usually trade in the mornings, but I trade in the evenings if I see a key level has been hit.
I will definitely use the "normal" route. I have just passed my first challenge(10k) after back testing and forward testing for 6 longgggg hears! Love the formula!🏁
🏁 i was thinking of trying a funded account challange and you made this video at the right time. I was thinking of 1% per trade and as per your suggestion i might just go ahead with it. Thanks alot for this valuable video. Keep up the good work.🎉
New sub here due to the super high quality content Kimmel is producing Risk management once you are consistently profitable is one of the 3 pillars most people will never realize and he is giving it all away for free! Please clarify for those of us who do not know .. is the 1% from the drawdown or total account size ? Meaning 1% of max drawdown to risk or 1% of total account size ? Thank you for clarifying
Great stuff as always! Normal approach seems suitable for my style tbh. But I have never seen this approach as per week. I always used 1-2% risk per trade when I am in profit and 0.5% when I am in loss. But this weekly trades formula seems more efficient. Thanks for the video 🏁
Whats the difference apart from volume from trading a set percentage of 100k account compared to a 200k account when the risk is still the same percent ?
Kimel is bursting my brain ... I take only 1 to 2 trades per week.. and I'v been profitable so I'm thinking of using 2% per trade ... I love you kimel from 🇳🇬
Percentage risk = stoploss, not a good idea. Either it's too small that is guaranteed loss, or too large which means too small profit. Instead, learn how to scale in and out depending on how the trade develops. Notice that very few professionals use stoploss, they hedge their risk instead.
Remember tho in a 200000 account they just allow you to lose 10% of it which is 20000 this mean you are actually better to just focuse on having 20000 even after passing that challenge they also ask you to get almost 13% win for them which is perfect if you do it but its easier to lose that 10%
🏁 Surprisingly, I'm using the normal approach right now. 0.5% - 1% per trade. Managed to claw back from -2% drawdown to +2% on my current evaluation. That and sticking to one strategy also helped.
Thanks for sharing such valuable information! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How can I transfer them to Binance?
Take SL to 50 % trailing as soon as trade goes into your profit area that way you can take 2 SL in the cost of one 🏁 ( it depends on your strategy also ) 🏁🏁
Very much appreciated! I'm not profitable, yet, and still only on demo/paper accounts. But I know that "normal" would be the way for me regardless. 1% max! 🏁
Thanks for the analysis! 🔍 Need some advice: 🙏 I only have these words 🤔. (behave today finger ski upon boy assault summer exhaust beauty stereo over). I’d be grateful for some help. 🙌
Thank you for your advice! I have 01 matter as below: Aug 05 2024, I have owned the funded account and in the first day : I lost 18 trades with the risk / pertrade : 0.25% and the daily drawdown: -4,6%. a. How can I do in otherdays of this week? b. Can I relax & stop trading this week and wait for next week? Thank you!
bruh this guy is smart man hahahah, he is basically psychologically tryna force you to join his course. I can't even get the formula for free when I press the link.
Great information sir , i would like to try the Normal approach method on a 10k account with 0.8% risk per trade and after passing the phases I change the risk percentage from 0.8% to 0.5% per trade with consistency in live acc🏁🏁🏁
When you think about it, isnt risking 1% per trade in funded acc is the same as risking 10% personal acc? If i have 100k funded acc and my max drawdown is 10% doesn't that mean i actually only have 10k? I wont be able to touch the 90% of the acc right? So if i risk 1% per trade on my 100k acc doesnt that mean i have 10k acc and i actually risking 10% per trade of that 10k? Isnt it still to risky if you think about it?