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and so let's talk about actually cutting
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your losses short now with this particular
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strategy you do have a very specific stop
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loss point that i will be discussing when
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we actually go over the strategy but it's
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important to understand that digging
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yourself in a hole taking excessive losses
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only requires more and more capital to get
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back to break even that's kind of what
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this slide is highlighting next you want
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to understand that there is no strategy
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there is no setup with a 100 hit rate
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meaning no strategy is going to work 100
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of the time you're going to have a
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a distribution of wins and losses. This
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distribution of wins and losses this
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particular setup when followed correctly
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particular setup, when followed correctly,
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when actually checking all of the
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when actually checking all of the
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parameters that are required, it's going
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to have about a 75 to 80% accuracy. So 80%
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have about a 75 to 80 accuracy so 80 of
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of the time, if you are following it with
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the time if you are following it with all
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all of the actual parameters, meaning
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of the actual parameters meaning you're
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you're checking all of the boxes, this
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checking all of the boxes this setup will
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setup will work 80% of the time. Of
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work 80 of the time of course we will be
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course, we will be going over those
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going over those parameters a little bit
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parameters a little bit later on in the
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later on in the course here the important
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course here. The important thing to
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thing to understand is that you don't know
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understand is that you don't know which
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which setup is actually going to work or
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setup is actually going to work or not.
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not and so with that in mind you want to
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And so with that in mind, you want to be
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be putting the same amount of size in each
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putting the same amount of size in each
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trade. Now, if you are brand new to
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trading, I highly recommend trading this
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i highly recommend trading this strategy
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strategy or any strategy that you go about
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or any strategy that you go about trading
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trading that is new to you with a
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that is new to you with a simulator that
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simulator. That means paper trading. A lot
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means paper trading a lot of new traders
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of new traders push back on this because
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push back on this because they want to get
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they want to get in the game right away.
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in the game right away they want to start
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They want to start making money right
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making money right away what you have to
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away. What you have to understand is that
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understand is that making money long term
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making money long-term in the market is
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in the market is reserved for people that
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reserved for people that know how to
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know how to trade you as a new and
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trade. You as a new and developing trader
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developing trader do not know how to trade
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do not know how to trade yet. And so you
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yet and so you need to be taking things
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need to be taking things lightly. So after
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lightly so after you have proven the
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you have proven the system to yourself on
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system to yourself on a simulator or some
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a simulator or some type of paper trading
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type of paper trading platform that's when
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platform, that's when you can actually
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you can actually start to test it with
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start to test it with real money. And when
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real money and when you do go about
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you do go about testing it with real
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testing it with real money again you just
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money, again, you just want to be using
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want to be using one contract basically
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one contract, basically one lot size,
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one lot size whatever it may be that could
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whatever it may be. That could be micro
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be micro futures that could be the the
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futures. That could be the, the mini
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mini futures or it could just be maybe
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futures, or it could just be maybe you're
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you're trading options and you're just
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trading options and you're just grabbing
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grabbing one contract at a time the point
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one contract at a time. The point is keep
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is keep things light until you have proven
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things light until you have proven to
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to yourself that the strategy works there
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yourself that the strategy works. There is
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is absolutely no reason to add size into
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absolutely no reason to add size into any
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any strategy that you're new to remember
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strategy that you're new to. Remember,
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trading does include risk there is risk of
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trading does include risk. There is risk
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of total loss here. If you don't know what
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total loss here if you don't know what
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you're doing, as always, anything I
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mentioned throughout this course is just
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for educational purposes is not a
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recommendation to buy anything whatsoever.
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i'm simply highlighting what has worked
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I'm simply highlighting what has worked
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for me and some clients in the past. These
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results may be atypical. You may not be
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able to accomplish them, that is why I
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able to accomplish them that is why i
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offer the money back guarantee. If you
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follow this to a T, meaning you follow all
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of the parameters that i have actually
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of the parameters that I have actually
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outlined within the setup, and you are not
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outlined within the setup and you are not
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able to generate better than break-even
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results within 60 or so trading days,
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reach out to me. I'm happy to meet with
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out to me i'm happy to meet with you via a
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you via a Zoom session so we could kind of
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zoom session so we could kind of get a
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get a look at your results, or I'll just
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look at your results or i'll just go ahead
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go ahead and give you your money back that
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and give you your money back that you paid
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you paid for the course. Now, moving on
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for the course now moving on with the
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with the actual risk management portion of
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actual risk management portion of this
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this, understand risk-to-reward ratio. If
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understand risk to reward ratio ratio if
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you have a risk-to-reward ratio of just 2
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.5, the required win rate is only 28%.
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.5 the required win rate is only 28
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percent now a lot of these setups that
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Now, a lot of these setups that you're
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you're going to be looking at with this
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going to be looking at with this
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particular strategy, they may be 1 to 1,
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particular strategy they may be one to one
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they may be three to one they may be four
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they may be 3 to 1, they may be 4 to 1. It
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to one it kind of actually depends on what
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kind of actually depends on what is
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is presented in the market we're going to
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presented in the market. We're going to be
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be looking at how to calculate what that
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looking at how to calculate what that risk
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risk to reward ratio is but understand
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-to-reward ratio is, but understand also
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also that this setup has a very high hit
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that this setup has a very high hit rate.
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rate regardless if it is one to one or
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Regardless if it is 1 to 1 or better, I am
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better i am usually taking this setup if
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usually taking this setup if it does match
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it does match all the parameters that i'm
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all the parameters that I'm looking for.
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looking for now limiting losses we want to
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Now, limiting losses. We want to focus on
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focus on those areas that have very tight
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those areas that have very tight risk and
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risk and very big reward this should be
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very big reward. This should be pretty
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pretty obvious but it it is worth
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obvious, but it is worth repeating. The
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repeating the beauty of this particular
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beauty of this particular strategy is that
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strategy is that it gives you a defined
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it gives you a defined risk point. You
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risk point you know exactly where you're
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know exactly where you're wrong on the
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wrong on the trade if you choose to hold
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trade. If you choose to hold the trade
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the trade beyond that well then you're
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beyond that, well then, you're gambling.
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gambling you're not actually trading and
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You're not actually trading. And so, we
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so we want to look for those areas those
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want to look for those areas, those setups
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those setups that offer a very very
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that offer a very, very defined risk
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defined risk point again this particular
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point. Again, this particular setup that
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setup that we're going to be discussing
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we're going to be discussing here shortly
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here shortly actually does offer that
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actually does offer that, which is why it
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which is why it is one of the easier money
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is one of the easier money plays that the
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plays that the market offers now more
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market offers. Now, more basics on risk
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basics on risk management we want to be
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management. We want to be relying on price
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relying on price structure when it comes
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structure when it comes to setting our
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to setting our stops that means we're just
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stops. That means we're just looking at
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looking at nearby price action we're just
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nearby price action. We're just looking at
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looking at what are the nearby candles
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what are the nearby candles, what are the
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what are the nearby levels of support and
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nearby levels of support and resistance
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resistance that i can use to set my stop
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that I can use to set my stop? Again, this
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again this setup the nature of this setup
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setup, the nature of this setup has that
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has that built into it and so we'll be
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built into it. And so, we'll be discussing
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discussing that momentarily but this is
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that momentarily. But this is just an
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just an important part of risk management
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important part of risk management. You
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you want to be setting your risk on areas
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want to be setting your risk on areas that
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that you know you're wrong right away
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you know you're wrong right away, right?
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right another piece here just on sizing
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And another piece here just on sizing.
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generally speaking uh if you take you know
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Generally speaking, if you take, you know,
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two losses back to back with this
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two losses back to back with this
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particular strategy is probably just time
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time to wrap it up and call it a day wait
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to wrap it up and call it a day. Wait for
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for the next trading day see what the next
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the next trading day, see what the next
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trading day presents, and take it from
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there there's no reason whatsoever to
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there. There's no reason whatsoever to
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continue to press with this strategy or
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any other strategy all throughout the day
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if you are just taking back to back losses
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if you are just taking back to back
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losses. Personally, a rule that I keep is
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personally a rule that i keep is if i have
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if I have three losses in a row, I shut it
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three losses in a row i shut it down no
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down. No matter how I'm feeling, no matter
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matter how i'm feeling no matter what i
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what I see later on in the day, I shut it
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see later on in the day i shut it down now
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down. Now, risk management, another kind
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risk management another kind of piece on
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of piece on ideal position size.
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ideal position size eventually you want to
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Eventually, you want to be adding enough
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be adding enough size to where you kind of
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size to where you kind of find this
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find this optimal performance level now
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optimal performance level. Now, again, I
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again i don't want to touch too much on
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don't want to touch too much on this
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this because as a newer and developing
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because as a newer and developing trader,
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trader you should be just trading the
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you should be just trading the minimal lot
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minimal lot size it's going to be just one
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size. It's going to be just one lot size.
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lot size so one contract is usually going
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So one contract is usually going to be
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to be where you want to be now eventually
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where you want to be. Now, eventually,
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once you start to prove the results to
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once you start to prove the results to
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yourself, you can start to add in some
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size to that. But you don't want to be
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to that but you don't want to be trading
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trading too large where you are anxious
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too large where you are anxious about the
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about the trade and you're not trading
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trade and you're not trading correctly
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correctly. Maybe you're overly focused on
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maybe you're overly focused on your pnl
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your P&L rather than what the setup is
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rather than what the setup is actually
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actually showing. That is going to be a
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showing that is going to be a major
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major trading error. So there is kind of
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trading error so there is kind of this
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this optimal performance area that you
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optimal performance area that you want to
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want to be focusing on. And so now that
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be focusing on and so now that all the
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all the risk management portion is behind
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risk management portion is behind us just
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us, just to kind of recap, again, highly
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to kind of recap again highly recommend
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recommend starting this out with paper
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starting this out with paper trading or
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trading or trading on some type of
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trading on some type of simulator from
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simulator from there when you actually do
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there when you actually do get into live
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get into live or real money trading, or
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or real money trading or maybe even if
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maybe even if you're with a prop firm like
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you're with a prop firm like top step you
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Top Step, you want to just be trading one
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want to just be trading one contract at a
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contract at a time while you kind of get
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time while you kind of get your footing
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your footing and familiarize yourself with
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and familiarize yourself with the with the
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the actual strategy using real money.
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actual strategy using real money okay
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there's a lot of ways in which price can
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There's a lot of ways in which price can
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unfold. To assume that you have seen them
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all within just a week of trading is very
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very naive you don't want to be doing that
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naive. You don't want to be doing that to
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to yourself okay
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yourself. Okay.
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