All language subtitles for TFXNew9003 - 1

makes us succeed. So risk
versus reward will be talked

into the mental risk management
now. Start digging into the

note of that. So those
parameters then the limits and

management is and why it is so
important. So without further

avoid big losses once again
because if you know, right,

ready to go again. So these
parameters are mostly going to

we've lost this amount this
week, we're going to stop and

following a risk versus reward
approach. Now this is the

losses in a row for example we
will cut off our trading or if

we take five losses in a row.
If we are a more aggressive

spoke about. We have to develop
our mindset for emotional

okay so we've got the mental
side the mental psychology

as well so that we can take
these rules and be strict with

certain amount in a day or a
week are we going to stop

leads on from psychology, leads
on from that chapter we just

trading things like that The So
the mental risk management

taken one win and one loss we
are still looking at a healthy

management to actually form
that balance and maintain that

$100 loss as an example now
this way even though we've

and keep our call when we're
making wins. So why do we need

into every other area of
trading and the mental side of

from those who lose money
because of all the variables

maintaining the money we have
and without being able to

this is the process of
protecting the capital that we

talk about risk management, the
different processes, the

In this video we're just
going to talk about the basics

ado I will see you over in the
next video.

learning now that you've been
introduced to what risk

risk management and the
mechanical aspects of risk

we'll come back next week when
we are, you know, refreshed and

trying to make loads of money.
It's also going to help you to

avoid getting greedy, okay? If
you've got no limit on your

is so important. Those set
processes are the mechanical

we want to make sure that we
don't you know if we take three

cuts off price when it hits a
certain level so say we are in

comes in and how it is of
course so important and why it

setting the right amount of
risk on each trade. Setting up

biggest area of trading. Um all
trading this is the thing that

we have to follow on every
trade and then we've also got

how much we risk and when we're
actually going to accept a loss

these parameters now these
parameters essentially going to

based side of everything we've
got the robotic type rules that

side of risk management now
when I say mechanical I don't

we're not making any money
right so the idea is we balance

that but these are simply the
step by step rules that anyone

side which is the discipline to
actually follow the rules and

need to be able to keep our
call when we're taking losses

separates the winners from the
losers those who make money

risk management refers to
essentially the area where we

Welcome back to the course. In
this video we are going to dive

different methods that we use
and why they're also important.

related learning begins. Now as
I said psychology is super

directly related to trading. So
risk management is where that

into risk management. So this
is where the real trading

management. And that's all for
this video. We'll dive right

in this chapter then we'll talk
about those mental aspects of

processes that we have to
follow. Setting the right

trader we'll cut off our
trading because we don't want

about heavily and is a very
very important aspect. So take

massive hole in our account.
These parameters of course then

area of risk management. The
step by step robot type

resilience. We spoke about that
and we have to build discipline

our overall trading plan and
refer to the rules and the

limits that we set in place to
control loss so if we lose a

could take right we like to
take them like a robot there

risk management is a big one we
also then have the mechanical

are strict processes that we
take on every trade to do with

we can end up taking some bad
decisions so the mental side of

getting irrational we start
getting driven by emotions and

balance between the wins and
the losses to make sure we're

$200 of profit so that is
essentially we need risk

losses are a normal part of
trading everybody takes losses

make a $300 winner, but we
follow that up with a $300 loss

risk management well I think
I've said that already really

have mental processes and
mechanical processes things

that is why we have to be able
to manage risk this is what

use. So when we're trading our
number one priority should

risk when we are losing trades
now as I spoke about before

and get introduced to risk
management. So what is risk

always be to maintain the money
that we have. If without

actually will begin to form. So
in this chapter we are going to

really begins. It's where the
processes and protocols

important but in terms of
building your mindset it is not

fit more so into the trading
plan chapter which comes

cut off trading when we when we
make 5% or we're going to cut

gain, you're just going to keep
pushing and pushing and pushing

mechanical side of risk
management in this chapter and

more so about the mental side
of risk management and the

towards the end of the standard
course. So we will be talking

correct the the right position
size on each trade which means

rather than allowing that loss
to grow out of control and

set limits and goals for how
much we gain we are going to

to hit an excessive losing
streak that's going to burn a

goals for gain and loss. Now to
avoid excessive losing streaks

a losing trade it's going to
cut off when we lose $100

a stop loss order on every
trade which is an order that

them. That's where the mental
side of risk management really

we'll get into this later in
the course quite in depth. So

mean that we we get this done
by a machine or anything like

stay calm because when we lose
our calm lose our call we start

off trading when we lose five
percent. This helps you To

the different aspects of risk
management include the mental

throw you know throw us a curve
ball so that is why we need it

that out by making a $300
winner, but then only taking a

making money even when the
markets throw losses at us and

and if we don't control these
losses they're going to wipe

that we can follow step by step
on every single trade and then

out the winning traits that we
do take so for example if we

of course the mental side comes
in. As I said psychology creeps

that when we win we outweigh
the losses that we've taken we

this is the one that we can
actually control to make sure

specific parameters that we
actually put in place to cut

noone is going to win every
single trade we do lose and

control the risk that we put
ourselves to we can never make

money because we are just going
to be losing it. Then are

management? What is this risk
management that we speak of? So