Why Your Risk Management Sucks | Advice From 7-Figure Trader

Why everyone fails to implement proper risk management.
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[@paulandrew8544]

I had problem comprehending trading in general. I tried watching other YT trading channels, but they made the concepts more complicated. I was almost giving up until when I discovered your channel. I love the way you break down the content and explain everything in detail. The videos are easy to follow

[@mostafaeldin9379]

I've been making a lot of losses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?

[@loganamber2450]

Trading on a demo account can definitely feel similar to the real market, but there are some differences. It's important to remember that trading involves risks and it's normal to face losses sometimes. One piece of advice is to start small and gradually increase your investments as you gain more experience and confidence. It might also be helpful to seek guidance from experienced traders or do some research on different trading strategies.

[@davidrichard9150]

I will advice you should stop trading on your own if you keep losing.

[@davidrichard9150]

If you can, then get a professional to trade for you I think that way your assets are more secure.

[@davidrichard9150]

I'd recommend,,,,, Letecia Malana,,,,, , her profit is great even when there's a dip💥

[@GmacFx]

Im awaiting a payout from apex. I can request tomorrow 2k and 1500. Im closing the 25k and leaving $500 in the 50k. I started studying in December found ict late January. Maybe i got lucky this month im a mailman in a small town in KY. I pray god continues to bless me with my decisions and information. Kyle i thank you for what you do for us. I will shake your hand one day sir. Im anxious praying i have no troubles with payout. I bring home $1200 bi weekly so $3500 in 10 days is crazy to me but this is only the beginning in jesus name

[@jana8363]

I struggle with my challenge. But I am calm the same time. I started a 10k challenge and I can afford it few more times a month. So I don’t mind to fail. That keeps me calm. My struggle come from my excitement to make the challenge. And not the fear of losing my last money. That would be terrible. It’s just the factor I waited for making a challenge 4 years. I wasn’t confidence enough to do. I know my strategy. I know my statistic. I will make it.

[@kunleyr]

Wow, that is good for you but me I am not able to afford an account , still saving up to get one 😊

[@KurtStaInes]

Good way to do practice Risk management is to use Demo Account or Paper Trade first before using a Live Account .

[@sizwembatha2167]

A way to try and insure you only risk what you are okay with is: - Determine what you CAN lose on the account, i.e 4.9% in a challenge account that allows 5% Daily DD. - Do your evening/morning Price Action analysis, determine if the market will be high probability for the next trading day. - On the trading day, determine if your psychology is on "high probability", how are you feeling on the day, what kind of mental challenges do you foresee on the day? - Set an amount for the day within the initial 4.9% that you will be okay losing. If PA is high probability and you are also in a flow state maybe you say you risking 2% only for the day. If PA is low probability and you are not in flow state mentally maybe you will only risk 1%. - Now you know what you are willing to lose for the day, and you also have your "overtrade trigger" i.e if you are still scouting for entries after you breach that 2% or 1%, you are overtrading.

[@sizwembatha2167]

Then, per trade you can slice and dice it however you want so long as you stick to the parameters you set for the day. i.e if your parameters are risk 1% for the day, on the day you can take 10 trades of 0.1% or 2 trades of 0.5%

[@odingazadokson9144]

Thank you much...this is real stuff, real management instructions. The things behind the traders. Thanks

[@dondexta1988]

For me I need to let the winners win. The losers lose but I have a habit of not trusting my analysis and closing winning trades early or moving SL to BE and getting stopped out when the original idea was actually spot on.

[@Loe321]

Moving sl to be is not bad habit, just let it run okay ..

[@jana8363]

Same here. A rule could be move to BE at 1:1

[@LuckyDogTrading]

I trade NAS. I mine to BE quickly. Then to 10 points, then to 20, then trail tight. Apex challenges don't allow for loose SL.

[@PointshunterGuy]

Struggle with it too, was speaking to a trading buddy and he says u need to build more confidence in your system. So backtest, journal and let the nos play out in the long term.

[@FortunableWealth]

I used to force myself to walk away, and come back to the results. As long as you are following your plan, and have your limits set, I would recommend occupying your mind with something else as your position runs

[@scelondlovu3518]

Your videos are always educational. One always need to take notes

[@IAmCollins_]

Facts on facts Jadecap. Thank you

[@danieljamesfarquharson8421]

Traders who understand risk will not be losing 10% a month. If you look at hedge funds and what not (the people we should be looking to instead of influencers online), they will boast about not even losing net 10% across a year. I think like Jade says, social media has completely flipped what the concept of successful trading is.

[@bashpix]

I believe many know this things but are not brave enough to make a change. Thanks for sharing the reality

[@XxpitbulxX009]

I was reluctant to watch this video cause I thought this was going to be another basic video but everything you said is true. Having a job and savings makes trading easier. My execution’s improved dramatically after improving my external finances. Had to learn it myself but you’re confirming what I figured out over time.

[@LionsDenInvestmentsandReviews]

That's great advice and Fire info I just shared with a few in my trading group including myself that have struggles with a lot for what you put down there in this video lesson.

[@HeartPumper]

Saying how things are for real. Thank you Kyle! Lots of newcomers thing about trading as a magical ATM, neverending strike or luck, Lambos and Hoes around. Kids. Risk management is THE most important thing in trading. Not entry patterns & " that thrill being green" 😂.

[@lavilev9961]

11:25 Talking about the times where you feel like you don't know what you're doing anymore trading wise. Hearing you say that, has lifted such anxiety for me, thank you for sharing something like that. Its really deep and personal. I thought that's something we work out of, not something we work through continually as it happens! This info is greatly appreciated 💪♥️

[@reshaadmall5875]

Kyle with the sauce as always . Thanks bro 🙏🏻✨

[@NPLFX]

I'd say atleast have 30k in your bank account to go full time trading, anything can go wrong, while you have 30k or more in your live account...when compounding it. buy challenges to scale in too...i believe in the skillset. Once you acquire it you can flip a $500 to $20000 within months depending on your risks and patience.

[@leandrosilva6414]

Great tips! Thanks!

[@riccardo7005]

Of you treat this like second gig It Will be second gig of you treat this like First gig It Will be First gig dont give up dont be lazy and grow your account slowly whit Little prop firm and scaling thats It guys

[@UWTILYST]

I liked your explanation. An honest explanation that does not compromise on telling the simple truth.

[@Pakifx]

Heads off to you man!! I know you are getting a lot of negative comments because you are putting the truth out there… thanks for staying true 🧡

[@BhagatChingakham-mk7vh]

It's really Good Hearing these psychology stuff GG keep up the good work bro

[@ChonguisTrading]

Jade one of the realest. Loved this video. Thanks for sharing ur wisdom

[@user-ov6gh2bh2u]

Appreciated mate. It was great.

[@indignationm]

It is really inspiring to see how you approach trading, with inteligence and honesty, showing reality as it is. I always learn something new with your videos Thanks for sharing

[@glenespn]

hi JadeCap, thank you for sharing your knowledge I appreciate 🙏🙏🙏 very inspiring🙏🙏🙏can you also share how you pass a challenge and is your risk management for challenges same as the funded accounts?

[@smartmoneyachti]

Big moves coming!

[@thePontiacBandit]

Not everyone can be a great trader. But anyone can be tought to be a profitable trader. it's a skill that can be learned. ... Market Wizards.

[@TraderZer0]

i got a question if anyone can answer . with CISOD are you expecting this for continuation and reversal as well?

[@shreyansshsurana7549]

i am unable to join the trading apprentice. Is it just for me?

[@blottolotto7648]

always qulatity content ser. big thanks!

[@maiklehmor1099]

I get what you are trying to say, and I get it. But for the perspective of a struggling trader, I think it can be said better...and I am not talking about being nicer...I mean the technicals of what you mean. I think that's why some people will not resonate with this video I do though, great video!

[@Trappedoffnasdaq]

Trading my way out watch me work

[@jaydenellis09]

Same my G . it is possible we gonna be them unicorns have to be

[@MattOwenTrades]

Absolutely agree with everything said here. A huge factor to my personal success in trading was having built a large savings and passive income to the point that I don't NEED trading. I can trade freely without the pressure of NEEDING it, and consequently I can execute trades without emotion. Because the reality, good trade opportunities look like RISK when they're a good opportunity, and when it no longer seems risky it's likely no longer a great opportunity. If you are FEARFUL about losing money that you really need, you will not be able to execute without emotion when there is opportunity, because the opportunity looks like RISK.

[@Primal_Traders]

This is some real advice.

[@Iraingambameetei]

Kindly help me to join apprenticeship. The link is not working.

[@richjkbts2]

thanks kyle

[@jerrymoye347]

You make trading sound depressing.

[@KOINLIFESTYLE]

😂

[@jude-anthonylewis4350]

He’s just sharing the absolute reality of trading. If persons were this honest about trading, many persons wouldn’t get involved.

[@VTM0001]

​@@jude-anthonylewis4350true

[@noahcastillo2096]

Trading is hard when you realize no one told you it was going to be hard

[@FutureAspirants.]

Reality is always depressing.

[@shreyansshsurana7549]

Please tell me how should I join apprentice. I am unable to join it. Please bro. I have tried to reach you from so many sources. But there are no replies

[@calvinm3054]

“How many bullets do I have left” - K ;)

[@tomnaum6252]

🙏 thank you

[@B-A-B-U254]

Currently I am at -5% in my Alpha Capital challenge 200k account...

[@drken9093]

​@@Lukhanyo1234you dont work?

[@Lukhanyo1234]

​​​@@drken9093I live in a 3rd world country so the usd currency value is too high my countries currency can't compete meaning prop firm accounts are too expensive when you convert the dollars to my country currency

[@danieljamesfarquharson8421]

What’s your plan to deal with this deficit bro?

[@yassinetalbi5884]

size down... 2 trade per day max

[@ihsanefaiq9611]

Try to watch stacey burke trading

[@scorpioindigoo]

Nothing is guaranteed.. you saying a job is safer and you can get fired anytime the company feels like it

[@lwazilwazi4191]

Bro that's not the point of this video

[@JadeCapFX]

A job is not taking money from your pockets when you underperform.

[@TraderJu]

Right. This industry is the closest thing to walking into a casino. Nothing else like it

[@liam-n8098]

for me maybe like 50k and 50k in the bank would be safe

[@yassinetalbi5884]

it's not risk management tho, it's over trading

[@Muslixtrades]

👏

[@tyler.mp4]

lol sounds like a lot of people in the comments can’t handle the hard truth.

[@Kiddtrades8]

Hi jade!! I've left you a message I hope that you view it. Cause I want to share something to you that I know you wanna hear!!!

[@inferno3080]

Teach us ict

[@nate.berry.]

🎉

[@FF-pq2ex]

too late fuck uni im all in xD

[@deekshitharao8816]

Boss, your apprentice link is showing as not available.

[@Spectre.007]

Means its closed.

[@Smeg120]

Very basic stuff, for noobs . This is absolutely NO CONTENT expect for "youtube $$$$". 33 minutes of blabla.

[@Kwazi_mabena]

Nah bro it’s like uu are motivating people to not try trading…fuck that

[@axon5565]

lol hes just being real, keep listening to people showing u lambos and selling you dreams

[@jorikkuipers1451]

for motivated people this actually is a very motivating video, it is possible but with realism.

[@marisawood1611]

The title of your video is not the most appealing or professional sounding.

[@jorikkuipers1451]

why do you care ?

[@dice8907]

Yo I fuck with your videos but this one right here was un motivating I mean I get your tryna shine light on on the dark side of trading but where’s the light at the end of the tunnel for the focused ones who never give up and excel I mean I’m a rookie that has struggled a lot but id like to think that I’m progressing despite how difficult it gets

[@jorikkuipers1451]

grow up

[@dice8907]

@@jorikkuipers1451 cmon bro what you talking about

[@BullishBananaTrader]

Jesus. A 33 minute that could have been 3 minutes. You try to talk too much to sound important.

[@bashpix]

I believe many know this things but are not brave enough to make a change. Thanks for sharing the reality