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Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 00:00:00,000 --> 00:00:04,960 so in this video i want to talk about the risk management for all of you we're 2 00:00:04,960 --> 00:00:09,020 talking beginners we're talking people that never got a payout never got funded 3 00:00:09,020 --> 00:00:14,600 or already got payouts and got funded and want bigger payouts i'm going to 4 00:00:14,600 --> 00:00:20,800 you a formula on how to get consistent payouts from the market this is going to 5 00:00:20,800 --> 00:00:25,700 be the most insightful video when it comes into risk management with funded 6 00:00:25,700 --> 00:00:30,320 accounts and yes you might still be in your challenge phase and do have videos 7 00:00:30,320 --> 00:00:36,080 on formulas when it comes into getting funded but this is a very important part 8 00:00:36,080 --> 00:00:41,340 of your journey what are you doing once you get funded how can you get 9 00:00:41,340 --> 00:00:47,060 consistent payouts and this is going to be a big wake -up call for a lot of you 10 00:00:47,060 --> 00:00:51,100 because when you get into the funding this is normally when you start doing 11 00:00:51,100 --> 00:00:55,460 mistakes and then you get into drawdown and then you blow the funded account so 12 00:00:55,460 --> 00:01:00,800 all of this idea of i am going to get a payout goes out of the window once you 13 00:01:00,800 --> 00:01:05,160 get a few losing trades. And that is exactly what I want to avoid. 14 00:01:05,379 --> 00:01:08,920 So we're going to go into the computer. That's going to be a downloadable 15 00:01:08,920 --> 00:01:13,340 resource. And I'm going to give you the formulas in whatever stage of your 16 00:01:13,340 --> 00:01:18,760 trading you are at right now. So let's get into it. So let's talk about the 17 00:01:18,760 --> 00:01:20,800 risk management for funded accounts. 18 00:01:21,040 --> 00:01:25,280 And you need to understand a couple of things. It's all based on the skill. 19 00:01:25,960 --> 00:01:29,040 that you have, if you haven't got a payout, if you're a beginner trader, if 20 00:01:29,040 --> 00:01:33,100 you're not a beginner trader, the number of funded accounts that you have, and 21 00:01:33,100 --> 00:01:37,600 the consistency at which you want to get the payout. I will explain all of these 22 00:01:37,600 --> 00:01:42,000 in detail, but someone that has gotten hundreds of thousands of dollars in 23 00:01:42,000 --> 00:01:46,600 payouts should not be approaching PropFirm the same way as someone that 24 00:01:46,600 --> 00:01:51,200 never gotten a payout. And that is why I think this video is going to be great, 25 00:01:51,260 --> 00:01:53,640 because it's going to be an arrangement of... 26 00:01:53,900 --> 00:01:59,900 every single skill level you will have a formula on what to risk when it comes 27 00:01:59,900 --> 00:02:04,780 to your funded account and if you like that please make sure to subscribe i'm 28 00:02:04,780 --> 00:02:11,720 going to do a whole free 30 -day boot camp in this youtube very very soon so 29 00:02:11,720 --> 00:02:16,660 keep your eyes peeled for that so let's talk about the risk management for 30 00:02:16,660 --> 00:02:21,960 funded accounts well first we're talking about And the skill is based on the 31 00:02:21,960 --> 00:02:27,080 idea of if you've had previous payouts or if you have never had previous 32 00:02:27,080 --> 00:02:30,940 payouts. And first, let's start off with the people that have never gotten a 33 00:02:30,940 --> 00:02:35,740 payout. Because I know that this is a lot of you and a lot of you are getting 34 00:02:35,740 --> 00:02:39,580 ready for when you get funded. And this is going to be extremely, extremely 35 00:02:39,580 --> 00:02:42,100 important. And then let's talk about consistency. 36 00:02:42,560 --> 00:02:47,140 Do you want bigger payouts or do you want consistent payouts? 37 00:02:47,720 --> 00:02:51,380 And let's start off because I know that most people are going to want bigger 38 00:02:51,380 --> 00:02:55,280 payouts, right? You've got your funded account. You want to get a big payout 39 00:02:55,280 --> 00:03:00,220 because you want to prove to yourself, I can make money from trading. But I want 40 00:03:00,220 --> 00:03:05,180 you to think about this. You do not have previous payouts. So you don't have 41 00:03:05,180 --> 00:03:10,460 previous experience showing you that I can get payouts from a prop firm. And 42 00:03:10,460 --> 00:03:14,800 so... If you are thinking that you want bigger payouts, I want you to rethink 43 00:03:14,800 --> 00:03:19,620 why you want a bigger payout. You need to understand a bigger payout is going 44 00:03:19,620 --> 00:03:25,040 incur more risk because if you don't risk, you have no reward. And if you 45 00:03:25,040 --> 00:03:29,360 higher reward, which means a higher payout, you're going to have to risk 46 00:03:29,560 --> 00:03:31,700 And so I want you to rethink why. 47 00:03:31,940 --> 00:03:36,420 Because if you don't have previous payouts, if you don't even have one 48 00:03:36,840 --> 00:03:41,640 to prove that you can get consistent payouts, then why are you trying to go 49 00:03:41,640 --> 00:03:42,599 a big one? 50 00:03:42,600 --> 00:03:43,920 It doesn't make any sense. 51 00:03:44,120 --> 00:03:49,640 If you have never gotten a payout, consistent payout is the way to go. It 52 00:03:49,640 --> 00:03:53,800 is. A lot of traders, they get so caught up because they start comparing 53 00:03:53,800 --> 00:03:57,800 themselves with the other traders and how much they're getting paid out. And 54 00:03:57,800 --> 00:04:02,440 this beginner that never got a payout before in his first payout was a $30 55 00:04:02,440 --> 00:04:07,080 payout. Let me tell you, a lot of the people that you hear that the first 56 00:04:07,080 --> 00:04:10,620 was a $20 ,000 payout, they will not show you all of the blown accounts. 57 00:04:10,900 --> 00:04:15,540 And by the way, they will not show you the same people that are on the same 58 00:04:15,540 --> 00:04:20,600 as you, meaning they never got a payout, and they will never get a payout 59 00:04:20,600 --> 00:04:25,300 because they're always aiming for the big one, right? So I want you to think 60 00:04:25,300 --> 00:04:26,780 about, if you are a beginner... 61 00:04:27,200 --> 00:04:31,480 Especially if you don't have any payouts, you want consistent payouts 62 00:04:31,480 --> 00:04:35,440 want something called proof of concept. And then once you want consistent 63 00:04:35,440 --> 00:04:38,260 payouts, it depends on the number of funded accounts that you have. 64 00:04:38,480 --> 00:04:42,340 And the reason for that is because like once you get funded, that is your 65 00:04:42,340 --> 00:04:46,800 opportunity to make money from trading, right? Once you get funded, you can 66 00:04:46,800 --> 00:04:51,100 finally get actually a payout. You don't need to profit 8%. You don't need to 67 00:04:51,100 --> 00:04:56,340 profit 10%. You don't need to profit whatever it is to actually be able to 68 00:04:56,340 --> 00:05:01,580 payout. So you just need to profit. So it's going to be different. The approach 69 00:05:01,580 --> 00:05:04,660 that we are going to be using, if you have one funded account, two to three 70 00:05:04,660 --> 00:05:08,140 funded accounts, or four plus funded accounts. And you will see that. 71 00:05:08,400 --> 00:05:11,660 We'll talk about this a little bit after at the end of the video. That is going 72 00:05:11,660 --> 00:05:13,280 to be one of the best lessons ever. 73 00:05:14,730 --> 00:05:18,090 the risk that you are going to have if you are trading with one funded account 74 00:05:18,090 --> 00:05:23,130 is going to be max drawdown divided by four divided by the number of trades 75 00:05:23,130 --> 00:05:27,810 you take per week so let's say that the max drawdown on ftmo for example is 10 76 00:05:27,810 --> 00:05:32,470 you divide that by four and then you divide that by the number of trades that 77 00:05:32,470 --> 00:05:36,190 you take per week so let's say if i take five trades per week that means that 78 00:05:36,190 --> 00:05:41,290 i'm going to be risking 0 .5 percent per trade and if you want to be even more 79 00:05:41,290 --> 00:05:46,650 conservative you can do this by eight Now, why am I giving you this formula? 80 00:05:46,650 --> 00:05:47,670 is this the formula? 81 00:05:47,930 --> 00:05:52,930 Because you're basically dividing the max drawdown by four, which means you 82 00:05:52,930 --> 00:05:54,030 going to need four weeks. 83 00:05:54,440 --> 00:05:59,440 of consistent losing to blow your account and if you have not never gotten 84 00:05:59,440 --> 00:06:03,140 payout but you got to the funded the likelihood of this happening is very 85 00:06:03,140 --> 00:06:07,000 low so if you've never gotten a payout and you have one funded account i would 86 00:06:07,000 --> 00:06:10,620 say risk max drawdown divided by four divided by number of trades per week 87 00:06:10,620 --> 00:06:14,460 because again this is really going to reduce the risk of you blowing the 88 00:06:14,460 --> 00:06:17,860 and if you don't know the number of trades that you take per week well you 89 00:06:17,860 --> 00:06:22,980 should And if you don't have that data, look back in the last month, how many 90 00:06:22,980 --> 00:06:26,200 trades that you have and divide that by four. Now, if you have two to three 91 00:06:26,200 --> 00:06:30,720 funded accounts, the risk that you're going to have on one single account is 92 00:06:30,720 --> 00:06:34,320 going to be max drawdown divided by 2 .5 divided by the number of trades per 93 00:06:34,320 --> 00:06:40,740 week. So let's say once again, 10 % divided by 2 .5 divided by five trades 94 00:06:40,740 --> 00:06:45,580 week. That means I'm going to be risking 0 .8 % on my funded account on one. 95 00:06:46,170 --> 00:06:51,510 of the two to three funded accounts because again this is going to maximize 96 00:06:51,510 --> 00:06:56,250 profit that you are going to take without risking your fund account 97 00:06:56,250 --> 00:07:00,790 risking your opportunity to make money which is the number one thing that you 98 00:07:00,790 --> 00:07:05,570 have to be thinking about it the opportunity for you to make money. And 99 00:07:05,570 --> 00:07:09,570 want to reduce the risk of you losing the opportunity to make money as much as 100 00:07:09,570 --> 00:07:14,390 possible, meaning you want to reduce the risk and the probability of you losing 101 00:07:14,390 --> 00:07:19,030 the funded account as much as possible. And so then you are going to do 102 00:07:19,030 --> 00:07:23,390 something called the rotate account, which we are going to talk about very, 103 00:07:23,390 --> 00:07:27,510 soon. And if you have four or more funded accounts, then what you should do 104 00:07:27,510 --> 00:07:30,990 max or down divided by two divided by the number of trades per week. So that 105 00:07:30,990 --> 00:07:35,970 means that Max drawdown divided by two, divided by five. That means that in this 106 00:07:35,970 --> 00:07:40,710 case, if I'm taking five trades per week, I'm going to be risking 1 % per 107 00:07:40,850 --> 00:07:44,210 And again, this is only on one account because then we are going to be rotating 108 00:07:44,210 --> 00:07:48,330 accounts. And this is going to basically guarantee that if you are profitable, 109 00:07:48,490 --> 00:07:52,690 you can get consistent payouts. Every single month, you will get a payout, 110 00:07:52,770 --> 00:07:56,310 right? That is my number one goal for you. I want you to see... 111 00:07:56,620 --> 00:08:01,420 payouts getting into your account and so that is how we are going to be 112 00:08:01,420 --> 00:08:05,100 approaching it if you don't have previous payouts and stick around 113 00:08:05,100 --> 00:08:08,580 are going to talk about what this rotate account is going to be and it's going 114 00:08:08,580 --> 00:08:12,620 to be one of the most important things if you're watching this just for this 115 00:08:12,620 --> 00:08:16,500 video i made a quiz that basically is going to take you through all these 116 00:08:16,500 --> 00:08:20,660 and tell you what risk you should use and at the end there is going to be a 117 00:08:20,660 --> 00:08:25,280 calculator on a google sheets that you will be able to input your values and 118 00:08:25,280 --> 00:08:29,180 will be able to to know how much you should be risking in percentage per 119 00:08:29,300 --> 00:08:32,280 So make sure to check the first link in the description. The quiz is going to be 120 00:08:32,280 --> 00:08:35,140 there and the calculator is going to be at the end of the quiz. 121 00:08:35,500 --> 00:08:37,799 Now, let's talk about if you have... 122 00:08:38,039 --> 00:08:43,740 previous payouts well in this case wanting bigger payouts is a possibility 123 00:08:43,740 --> 00:08:47,900 so we'll talk about that but first let's talk about consistent payouts on the 124 00:08:47,900 --> 00:08:52,460 funded account well in one two to three or four plus funded accounts if the 125 00:08:52,460 --> 00:08:57,500 formula actually remains the same as if you have not gotten a payout yet because 126 00:08:57,500 --> 00:09:02,380 again we understand that the goal is to get consistent payouts the number one 127 00:09:02,380 --> 00:09:08,780 goal is consistent payouts and so the formula remains the same but if you have 128 00:09:08,780 --> 00:09:12,800 gotten previous payouts that means that very likely you're going to get more and 129 00:09:12,800 --> 00:09:16,380 more and more payouts because maybe you are a little bit more profitable than 130 00:09:16,380 --> 00:09:20,160 the person that has not gotten payouts once again the reason for these formulas 131 00:09:20,160 --> 00:09:25,520 believe me i spent hours coming up with these formulas because i was thinking 132 00:09:25,520 --> 00:09:30,800 okay what do i do and how can i guarantee that the viewer watches this 133 00:09:31,200 --> 00:09:36,720 implement these formulas and then actually get consistent payouts because 134 00:09:36,720 --> 00:09:41,820 my number one goal is for you to get a payoff that's the number one goal with 135 00:09:41,820 --> 00:09:45,080 the simple trading edge that's the number one goal with the boot camp that 136 00:09:45,080 --> 00:09:49,710 going to have very very soon all on YouTube. But now let's say that you have 137 00:09:49,710 --> 00:09:54,130 previous payouts and you want bigger payouts. Well, this depends also on the 138 00:09:54,130 --> 00:09:57,850 number of funded accounts that you have. If you have one funded account, I don't 139 00:09:57,850 --> 00:10:01,850 really recommend it. But again, I'm going to give you a formula, two to 140 00:10:01,850 --> 00:10:05,870 accounts or four plus funded accounts. Well, if you have one funded account, 141 00:10:05,870 --> 00:10:09,630 should do max drawdown divided by two divided by the number of trades per 142 00:10:09,730 --> 00:10:14,390 which means yes, you are going to be risking in my example, around 1 % per 143 00:10:14,390 --> 00:10:19,010 trade, but you don't need much more. You need to understand you only have one 144 00:10:19,010 --> 00:10:24,410 funded account why would you risk more than that on one funded account so don't 145 00:10:24,410 --> 00:10:28,210 risk more than one percent i would say and the formula is max drawdown divided 146 00:10:28,210 --> 00:10:31,870 by two divided by the number of trades you take per week but if you have two to 147 00:10:31,870 --> 00:10:35,670 three funded accounts then the risk you should be taking would be max drawdown 148 00:10:35,670 --> 00:10:39,750 divided by the number of trades per week so worst case scenario this is the 149 00:10:39,750 --> 00:10:44,910 problem worst case scenario is if you have a full losing week you are going to 150 00:10:44,910 --> 00:10:45,910 lose one of the accounts. 151 00:10:46,090 --> 00:10:51,030 Because don't forget that this is all about trading on one account, and you 152 00:10:51,030 --> 00:10:55,150 going to rotate the account. We are going to talk about that right after. So 153 00:10:55,150 --> 00:10:59,110 to three funded accounts, you are going to very much increase the risk of you 154 00:10:59,110 --> 00:11:02,810 losing the funded account, but also you need to understand this is about wanting 155 00:11:02,810 --> 00:11:07,590 bigger payouts. And this is only for traders that have previous... 156 00:11:07,800 --> 00:11:11,680 payout and then if you have four or more funded accounts then what you can do 157 00:11:11,680 --> 00:11:16,840 max drawdown divided by 0 .8 divided by the number of trades per week which 158 00:11:16,840 --> 00:11:20,360 means let's say that you take five trades per week if you lose the first 159 00:11:20,360 --> 00:11:25,140 you are going to be losing this account and again it's just one i really really 160 00:11:25,140 --> 00:11:30,700 need to emphasize this this should be taken on one account and that's now what 161 00:11:30,700 --> 00:11:34,740 we are going to talk about on the rotating the account because i want you 162 00:11:34,740 --> 00:11:38,660 understand this very very clearly before it used to be very known that you just 163 00:11:38,660 --> 00:11:42,880 interlink all of the accounts and you trade all of the accounts at first 164 00:11:42,880 --> 00:11:46,940 if you have four million dollars or if you have one million dollars in assets 165 00:11:46,940 --> 00:11:50,640 under management that means that you are going to make ten thousand dollars 166 00:11:50,640 --> 00:11:54,680 every time you risk one percent if you copy trade between all of the accounts 167 00:11:54,680 --> 00:11:59,590 i've tried that i know many many people that have tried that I know a lot of 168 00:11:59,590 --> 00:12:00,830 people that still do that. 169 00:12:01,110 --> 00:12:04,490 And I know a lot of people that are going to do the account rotation as I'm 170 00:12:04,490 --> 00:12:08,650 going to tell you. The people that are most consistent in terms of payouts, 171 00:12:08,650 --> 00:12:09,810 rotate the account. 172 00:12:10,070 --> 00:12:13,910 And that's what I'm going to explain to you what this is. And the idea for this 173 00:12:13,910 --> 00:12:17,750 video came about when I was talking with the coach inside of the Simple Trading 174 00:12:17,750 --> 00:12:20,810 and she's going full time trading this year. 175 00:12:21,010 --> 00:12:25,050 It was absolutely amazing to see. He told me I have a bunch of accounts, 176 00:12:25,110 --> 00:12:26,530 blah, blah. And I was like, okay, now. 177 00:12:27,400 --> 00:12:30,520 you're actually going to follow exactly what I just showed you of wanting 178 00:12:30,520 --> 00:12:35,060 consistent payouts. And he was like, oh, but I could just interlink all of them, 179 00:12:35,100 --> 00:12:38,820 risk 1%, and I would be making tens of thousands of dollars every single month. 180 00:12:38,980 --> 00:12:41,120 And I was like, yeah, but that's not what you're going to do. 181 00:12:41,600 --> 00:12:44,320 Because I want you to get consistent payouts. I don't want you to go back to 182 00:12:44,320 --> 00:12:48,040 your job, right? So what does the account rotation mean? 183 00:12:48,320 --> 00:12:50,720 The account rotation simply means... 184 00:12:51,000 --> 00:12:55,500 that you're going to use all of the funded accounts that you have one at a 185 00:12:55,560 --> 00:13:02,500 but you're always going to be rotating between them as soon as you have profit 186 00:13:02,500 --> 00:13:07,500 that you can lock in. So for example, if you have a $100 ,000 account and you 187 00:13:07,500 --> 00:13:11,440 make $2 ,000, you lock in the payout, you move on to the next one, right? One 188 00:13:11,440 --> 00:13:13,200 winning trade, you move on to the next one. 189 00:13:13,440 --> 00:13:14,880 And this is a perfect example. 190 00:13:15,100 --> 00:13:20,100 Let's say you make $500, which means 0 .5%. At this point, you're likely 191 00:13:20,100 --> 00:13:25,520 1%. You make $500, you lock in the payout, you move on to the next one, 192 00:13:25,920 --> 00:13:29,440 Then let's say you enter in a losing streak, minus $500, minus... 193 00:13:29,800 --> 00:13:33,840 thousand minus a thousand so you're down 2 .5 percent and then you make two 194 00:13:33,840 --> 00:13:36,680 thousand dollars meaning you make two percent and then you make a thousand 195 00:13:36,680 --> 00:13:40,420 dollars which means you make one percent you lock in the payout so now you've 196 00:13:40,420 --> 00:13:44,360 already locked in three thousand dollars in payouts and you already went through 197 00:13:44,360 --> 00:13:48,100 one losing streak and then let's say you have another break -even trade that is 198 00:13:48,100 --> 00:13:51,980 a two hundred dollar trade you lock in that payout too Because don't forget 199 00:13:51,980 --> 00:13:54,780 at that point, maybe this first account is already available. 200 00:13:54,980 --> 00:13:59,420 But you've already locked in three payouts and with this one, four payouts. 201 00:14:00,080 --> 00:14:05,280 So can you see what I mean with consistent payouts? And now let's 202 00:14:05,280 --> 00:14:10,600 you get into a deep losing streak. Minus 1%, minus 1%, minus 1%, minus 1%, plus 203 00:14:10,600 --> 00:14:13,840 2, plus 0 .5, minus 0 .5. 204 00:14:14,410 --> 00:14:16,990 This is a big losing streak that you could be taking. 205 00:14:17,210 --> 00:14:21,790 And the beautiful thing here and the reason why I really seriously, seriously 206 00:14:21,790 --> 00:14:26,890 recommend you doing this is because as this losing streak is happening, you are 207 00:14:26,890 --> 00:14:30,710 not fearing that you are going to lose all of your livelihood. 208 00:14:30,950 --> 00:14:34,830 You are not fearing that all of a sudden you will not be able to pay the bills 209 00:14:34,830 --> 00:14:40,470 anymore because you still have all of these other accounts to fall back on. 210 00:14:41,020 --> 00:14:46,960 You still have all of the other two accounts three accounts to fall back on 211 00:14:46,960 --> 00:14:51,360 this is extremely important because we're talking about the consistency of 212 00:14:51,360 --> 00:14:55,780 payouts and constantly getting that payout constantly getting money into 213 00:14:55,780 --> 00:14:59,480 bank account what is the goal with trading the goal with trading is to get 214 00:14:59,480 --> 00:15:04,360 out of the market into our bank account that's the only time that you have 215 00:15:04,360 --> 00:15:08,640 profited from trading if the money is not in your bank account you have not 216 00:15:08,640 --> 00:15:13,000 profited from the market if the money is in the broker you have not yet profited 217 00:15:13,000 --> 00:15:17,200 from the market because you have not withdrawn the money yet So it's very 218 00:15:17,200 --> 00:15:21,340 important to keep that in mind. And so this is basically what the account 219 00:15:21,340 --> 00:15:26,720 rotation means. As soon as you get one trade in profit, you lock in the payout. 220 00:15:27,300 --> 00:15:31,760 Doesn't matter if it's $200, doesn't matter if it's $500, doesn't matter if 221 00:15:31,760 --> 00:15:37,900 a $4 ,000 trade. You lock that in. So maybe the $200 on this maybe break -even 222 00:15:37,900 --> 00:15:38,900 trade that you took. 223 00:15:39,320 --> 00:15:43,300 It's actually your bills paid for a week. So do you understand how you are 224 00:15:43,300 --> 00:15:47,740 comparing yourself with all these other influencers or anyone that is making an 225 00:15:47,740 --> 00:15:49,040 interview on the PopFirm Challenge? 226 00:15:49,260 --> 00:15:54,220 And you're forgetting that $200 is one week of bills paid. And that maybe you 227 00:15:54,220 --> 00:15:58,400 made in one break -even trade where you should not even have profited. 228 00:15:58,720 --> 00:16:02,200 All of a sudden, you're getting a payout and you're getting your bills paid for 229 00:16:02,200 --> 00:16:02,899 a week. 230 00:16:02,900 --> 00:16:05,400 How freeing would that be? 231 00:16:06,440 --> 00:16:11,980 How freeing would it be to every single week get a payout that would pay for 232 00:16:11,980 --> 00:16:14,240 your bills for multiple weeks to come? 233 00:16:14,820 --> 00:16:16,400 How beautiful would that be? 234 00:16:16,700 --> 00:16:20,780 And that is my goal for you. Now, some of you are going to say, well, but how 235 00:16:20,780 --> 00:16:24,980 I get to 100K, 100K? I have a risk management video for that. But I want to 236 00:16:24,980 --> 00:16:26,980 about, let's say you have $10 ,000 accounts. 237 00:16:27,380 --> 00:16:31,880 This is the same thing. If you have $10 ,000 accounts, you're going to work the 238 00:16:31,880 --> 00:16:32,799 same way. 239 00:16:32,800 --> 00:16:36,240 And yes, you are not going to get the biggest returns, but this is what you 240 00:16:36,240 --> 00:16:38,220 are going to funnel into bigger challenges. 241 00:16:38,520 --> 00:16:42,780 Maybe your next funded account is going to be a 100K account. Maybe the next 242 00:16:42,780 --> 00:16:44,820 account is going to be a 200K funded account. 243 00:16:45,150 --> 00:16:49,210 Who knows? But that is going to come from the consistency of getting these 244 00:16:49,210 --> 00:16:54,250 payouts. So let's say you enter in a big losing streak, minus 5%. You dig 245 00:16:54,250 --> 00:16:58,330 yourself out of that losing streak until you lock in the payout. Then you move 246 00:16:58,330 --> 00:17:01,530 on to the next one. Profitable trade, lock in the payout, move on to the next 247 00:17:01,530 --> 00:17:05,470 one. Losing trade, winning trade, lock in the payout, right? So all of a 248 00:17:05,490 --> 00:17:10,069 you're getting this consistent money into your bank account. That's the 249 00:17:10,069 --> 00:17:11,069 one thing that I wish. 250 00:17:11,500 --> 00:17:17,380 for you and that's why i really urge you to try to do this you will see a huge 251 00:17:17,380 --> 00:17:21,000 shift in your trading once you start doing this all of a sudden you're going 252 00:17:21,000 --> 00:17:25,200 be like man i don't feel like stressed anymore when i'm in a losing streak i 253 00:17:25,200 --> 00:17:28,440 don't really care that much anymore and you'll notice that it's because you have 254 00:17:28,440 --> 00:17:32,540 something to back you up you have something that if you blow this account 255 00:17:32,540 --> 00:17:36,340 it is what it is i still have other ones and you're not going to fall into the 256 00:17:36,340 --> 00:17:41,260 cycle of i've entered in two trades losing okay it's done i'm done i cannot 257 00:17:41,260 --> 00:17:45,000 the bills trading is not working for me blah blah blah that is going to happen 258 00:17:45,000 --> 00:17:49,660 to you if you keep copying between accounts eventually it will happen to 259 00:17:49,660 --> 00:17:53,900 well if you rotate the account you will go on a losing streak on one but you 260 00:17:53,900 --> 00:17:57,520 won't worry because on all of the other accounts you will still be able to get a 261 00:17:57,520 --> 00:18:01,720 payout because there will be ad break even or at a tiny profit or even at a 262 00:18:01,720 --> 00:18:06,720 loss so with that being said this is the best system when it comes into getting 263 00:18:06,720 --> 00:18:11,740 consistent payouts with prop fund and that i really urge you to try to do this 264 00:18:11,740 --> 00:18:15,500 and you'll notice a huge shift in your training so make sure to subscribe 265 00:18:15,500 --> 00:18:20,960 there's going to be 30 days followed 30 days of a bootcamp coming in this 266 00:18:20,960 --> 00:18:25,960 channel which is going to be absolutely a game changer on youtube so subscribe 267 00:18:25,960 --> 00:18:29,660 if you want to watch that if you want the risk management for problems when it 268 00:18:29,660 --> 00:18:33,200 comes into challenges then that video is going to be right here hope you enjoyed 269 00:18:33,200 --> 00:18:37,040 and i'll see you in the next one If you're watching this just for this video 270 00:18:37,040 --> 00:18:40,900 made a quiz that basically is good to take you through all these paths and 271 00:18:40,900 --> 00:18:45,620 you what risk you could use and at the end there is good to be a calculator on 272 00:18:45,620 --> 00:18:49,720 Google sheet that you will be able to input your values and you will be able 273 00:18:49,720 --> 00:18:53,800 know how much you should be risking in percentage per trade so make sure to 274 00:18:53,800 --> 00:18:56,820 check the first link in the description the quiz is going to be there and the 275 00:18:56,820 --> 00:18:58,980 calculator is going to be at the end of the quiz 29010