EPISODE 2 ON RISK MANAGEMENT
Risk Behavior
Most traders don't get to understand their risk behavior around the chart, 😔 most likely make their decisions based on emotions not following a define rule.
Most traders don't blow accounts because they’re “bad.”
They blow accounts because they never planned how to lose properly.
Here’s how to manage risk behavior as a pro — and never panic.
📌 Rule 1: Strictly follow the 10 trades rule given by @thissdax when you have a working system, your account size will grow eventually.
📈 Risk Management is not just about avoiding loss.
It’s about staying in the game long enough to win.
It's like a driver who tends to disobey the roads signs ☢️ when driving thinking 🤔 he is experienced enough, to avoid getting his car crashed, why not obeying essential rules.
Your strategy is the car.
Risk is the seatbelt.
No seatbelt, one crash — you’re out.
RISK MANAGEMENT:
As a trader, risk management is one of the most important thing you need to know before taking your trades, but many have been doing the wrong way.
There are two to three major factors that sidelines the effective use of proper risk management, but in this episode I will be mentioning one, make sure you follow and turn on the notification to know when I drop the rest.
1. Risk Psychology:
This is a process when a trader risk below and above what there psychology can tends to bare.
How to overcome this, Understand yourself in terms of risk, because when you risk below your psychology most times, it's what set you to OVERTRADE.
@iamblackjeff@midrizzy1 This trading model when patiently understood guarantees constant profitability. Perhaps your quest for mastery ends here. Lock in with @iamblackjeff
This is B-Jeff Forex Academy who started the S.O.R trading concept. I have learnt from @midrizzy1 and have become consistently profitable, achieved so many results in the shortest possible time, now is the time I impact others with what I learnt from @midrizzy1. Don’t miss out!!
@iamblackjeff The way you simplify concepts is second to none. A one time meeting with you brought clarity to all I was struggling to understand. Making it 3 steps is another thing. STRUCTURE-ORDER FLOW-RECLAMATION. and that’s how we became FOREVER IN PROFIT. Kudos boss, Thank you sir.
And with STRONG DESIRE, you can find them. That is why you will be doing yourself good when you BELIEVE in ABUNDANCE, APPROACH GOD with GRATITUDE and stop wishing.
Don’t know how folks relate with the Holy Spirit, but I TALK to him and He answers me.
When I share what He teaches me, I sound smart, lol.
Who would I have been without HIM, GRATEFUL.
Fear is good when you know how to maximize it.
In short, TURN IT TO YOUR ALARM.
Make it your REMINDER.
Once it comes, TELL YOURSELF IT IS TIME TO SPEAK AGAIN, for it only comes to remind you that your mouth has been shut for a while OPEN IT and SPEAK.