so I turned to $10 into over 1,300 in about a month prove it's not luck and that the only thing that matters is your skill in trading you don't need a large amount of money to make good returns so I want to show you the full process I use to flip this small account and I also just wanted to prove that trading can be simpler than you think you just need one strategy trade one pair at one time and it's easy like it doesn't have to be overly complicated okay first we're just going to cover risk management so how much should I risk each trade what is the risk percentage lot size all that sort of stuff risk reward vers win rate you have to understand this you need to have a trading journal to track everything to understand um your win rate your risk award your average Max draw down of your own unique system I have it all tracked down so I know my run rate is 80% plus so I Target around 1. 5 I have an 80% win rate so it's very profitable the thing is here I focus mainly on win ratees a lot of people say to focus on RIS reward all that sort of stuff but I've never found it helped me um I'm more confident when I'm winning more often and I trade better when I'm more confident so that's just what I focus on smaller more consistent moves I trade in a way that consistently get more wins every single day but still having a positive risk reward it's just focusing more on those probabilities why is that a lot of people say to risk one to two so have two times the reward of your risk yes but likely everyone that I've coached and mentored they have around a 50% win rate if they're succeeding really well with that but with a one to two you have a 97% chance of six losses in a row are you comfortable with taking six losses in a row for a smaller risk award a higher win rate system like mine higher probability scalping it's a 80 plus% win rate I have a 86% chance of two losses in a row I'm okay really comfortable taking two losses in a row so I just focus on small consist scaps with a high win rate it's easier to execute on um and it's easy to be confident and trade well when when it's unlikely that i' take more than three losses in a row so understanding your win rates it will help you understand how many losing trades in a row you can expect and then and once you know that you can then decide on how much to risk so my risk on a small account is always going to be higher my leverage was 1 to 500 so I had a good amount of Leverage um but I don't care if I blow $10 so I can treat this small account like a big account and risk 50% or 30% mainly so it was around 30 to 50% um because I have a really high win rate I can risk a lot higher um I can risk 30% pretty comfortably if you watch any of my Instagram reels you know I closed my losses early so it's never actually that 50 30% loss it's a little bit less so I always close my losses early I always manage risk aggressively and I always look to add to win if you have a lower win rate around 60 50% your percentage should decrease maybe around 10% or 20% depending on your win rate so the amount you risk should always be based off your win rate you can only know your win rate um if you Journal your trades so you better Journal your trades I've never cared about RIS to WS I think this kind of overrated to Target one to twos one to 3es so my average rward is around 1 to 1. 5 but sometimes I take one to1 sometimes negative um but I focus on the probability of each move and I always look to manage my losses more aggressively at my winners so still gives me a positive risk reward it gives me a lot higher of a win rate because I'm trading Bas of probabilities I'm not trying to force a risk reward on a market on conditions that actually might not be the right way it's all about probabilities and it's consistent if you want to be consistently profitable you first need to be consistent that means doing the same actions every single day if you're trading multiple different pairs at multiple different times using multiple different strategies you're not going to be consistent and you're not probably not going to make money and also Embrace uncertainty like this account flip I've blown multiple accounts before this um and if you're going to do this as well accept the likelihood that you might blow the account nothing is certain in trading and you have to accept that and so risk management is closely tied to your Tech IAL analysis or your strategy because if you have a higher win rate you can risk more if it's lower you can risk less it's all about understanding your approach uh the pros and cons of it and then adjusting your risk accordingly so I use pure price action a three-step approach and always trying to stack those conferences um to put probabilities in my favor so I trade at the same time every single day on gold using the same strategy so that is the second hour of Asia that's 11:00 a.
m. Australian Eastern Standard Time and I trade it the exact same way every single day and aim to take the same type of Trades so I trade live with my Discord every single day at the exact same time that second hour of Asia and catch the same sort of moves so sales on gold using some dxy correlation which we'll go over as well exact same trades exact same time 1052 11 a. m.
it's always going to be around 11:00 a. m.
