How to Prevent Account Blowups - RISK MANAGEMENT

[@junal27]

Excelent presentation as usual and extremely profesisonal, thank you. Would it be possible please to check the presentation or slides are really uploaded in the provided dropbox?, I have tried a few times in the past and recently and the link is not showing any content. Happy New Year

[@jdjprimer19]

His best webinar yet!

[@MC-gj8fg]

How to not blow up your account: 1) don't use margin, 2) don't use leveraged ETFs, 3) don't trade via a means any more complicated than cash secured puts and covered calls on the wheel. 4) avoid high risk underlying investments. If premium consistently annualizes out to a 60% ROI it's a trap, not an opportunity.

[@junal27]

Good content, thank you for your work and service. Is the presentation and xcel available to download?, best

[@AM-yd5dt]

Thank you Tony for reposting this, this was a good refresher.... BTW, are you still doing your weekly market outlook and posting them on youtube ? as I can't seem to find any recent market outlook videos on your youtube channel...Thanks

[@JosefTorkelsen]

Tony, what would you say the risk of a cash secured out is? It seems that with the 1-2% rule that you'd never be able to perform the trade. Do you assess it based on buying power or would you always suggest performing a spread until you have a very large account?

[@calvinchung3419]

The pandemic was the first time my account nearly blew up. I had no risk management ( stop loss, position sizing etc) Now I never trade/invest without a stop loss based on technicals and position size depending the on technicals.

[@supermykola]

Could you please point me to that Rapid Fire video on strategies, please? I can't find it. Thanks

[@sidb9540]

I'm confused as to if this applies to getting assigned on a CSP... With a CSP, I can technically sell the stock immediately and lose out the intrinsic value of the stock ,less the premium I earned ( assuming I choose to do so). Does your recommended money management of 2% means, I loose no more that 2 % of my account If I decide to sell the underlying when I'm assigned?

[@dtitan1993]

Thanks for great content. Question.Does this also apply to CSP since it requires the full collateral of the option trade?

[@WingofTech]

You seem like good guy Tony. Thanks for trying to help people, this is a really good series. Give my thanks to everyone involved. :]

[@winforyou4630]

I learned a ton and many strategies I tried from his channel works. As long as your theory works, and 50%+ win rates at 50% profit will get us the 25% end profit target! (50% stop loss) Unfortunately I am a newbie and I do better at with 30% profit. I guess my price point theory is lacking refinement.

[@MC-gj8fg]

Are there any stats out there that compare the risk profile by cap size? relative to the large cap average? Just making up numbers as an example...mid cap is 2.8× riskier than large cap, small cap 4.6× and microcap 9.4× riskier. Understanding this could help quantify the degree of diversification needed. In some cases, such as in microcap, I suspect the degree of diversification would be so great that you would need to manage an untenable number of different underlying positions to achieve a satisfactory degree of diversification.

[@teretere9038]

I bought Feb 2021 $20 Calls in the spring 2020 where I had time 70 contracts , I then lost 60% but what I did was DCA since I had time where i owned 720 contracts in believing the $BLDP story and sold the position for $5XX,XXX US gain do I recommend this absolutely not but understood the comapany

[@mehdikhosh8879]

Very useful information, Thank you Tony.

[@OptionsPlay]

Thank you!

[@david808323]

I can see how this would apply to forex trading or day trading. But in options you can adjust your trades (rescue & salvage them). In other words, convert them to winners. Somehow you must incorporate that into this. And you did not. That would be complicated and difficult, I know. If I have 7 losers in a row, but I am able to fix 5 of them, what then? do you consider them losers or winners? that's the beauty of options.

[@yj677]

very cool infinite game idea. way to think of trading.

[@_str8vybz_880]

Central Limit theorem

[@myleneapuda710]

Yes

[@stonefacemasterlol1330]

YES

[@no9254me]

This guy knows how to trade and he sells his site and courses. I bet his main account doesn’t even beat the index by much if at all. Let that be a lesson to those who think they trade themselves to richness

[@dpaesthetics9139]

I’ve lost 62% of my Robinhood account. I don’t think I’ll ever make it back

[@teretere9038]

A+++++

[@RogueTrader31]

Recognizing the gambler’s fallacy is also recognizing that technical analysis is worthless