Original subtitles

Okay guys so for this video will be going over my system

As you can see my system is very concise

Short and straight to the point

I did this on purpose because when we're treating we have to make quick decisions

For me to have a long system it will be very confusing so I kept it very short

The first rule in my system is we risk zero 0.5% portrayed idea on a fun date

Tropicana

Me a my account

How long you risked 0.5% on One Tree idea

Isn't that very small

Well it's not actually 0.5% let me explain that say for example you get 100K account

800k funded account from a prop proper will you actually

Our managing is only 10K because you can only lose 10kg so you're only managing to

Kanki

20.5 per cent of 100K is 500 but

We're not managing 100K what managing Tanki so what is

500

In Tanki 500 is 5% of Tanki so in reality we are risking fire

5% / treat idea so it's 0.5% Retreat ID on a funny prop account but

If it was just my regular account not a funded account

Audi racing 5%

Patriot idea there the same amount

On my

Broker

Okay

Go to number 2102 restaurant I made a whole video on why I

Risk

Why I use a 12-2 risk-to-reward and so I don't think I went over it

This part so

When I'm in a trade and it hits my 11

When I'm when I'm in the trade

Much simpler

When I'm going to trade

I think it's a 1228 but price

I answered right here

Hit my 11

I need replace my stop loss

To entry so now that is a risk-free trade I don't see Parcels nothing I let it run

To either mytp which is a 12-2

Bored or it will hit my break even point

But that is my system

And number three is maximum lost in a date is 1% or basically you can only take 2 L

Bealls in a day

And the reason why is because

After you take two elves

Your

Stop to start to

Become a little fuzzy that psychology starts kicking in even if there's a nice

Trade setup you have bad Psychology from just taking 2 hours in a row

Sergeant and the day when when I hit the - 1%

And also just to add on about why I use -1% which is basically to

Losses in a row so after 2

Alessandro I stop tweeting no matter what and the reason why is because

This day this was last year in December

I spent a lot of time trying to build his account this it's going to keep onto the account with ftmo and I was upset

$15,000 and what happened was Justin one day I was having a bad day bachelor in psychology

And I lost

The whole account I blew 10%

In one day I mean 5% of Monday the 10 key and I went from having a 16k

2 down to 60

I lost 10 kg in one day

And I lost the whole account and this is my only account I had it that time it was a very very bad day

And I'm over this day because I was working my job as a doorman to

And it's going to be one of my biggest payout yet but I had a bad swing psychology I took like 34

By treating the road and I over lovers

I had that amateur my says I need my money back and eventually I blew my account

That's why it's very important and that's why I added it I added this rule in my training plan

That answer to losses in a row or after Ian - 1%

Which is two losses

Two lost in one day I stopped reading no matter what no matter what because I know that after I take too long

Bosses in one day my psychology is all messed up and I do not want to be treating when I have a bad psychology gnome

Matter how good the setup is

I just wanted to add that

Okay so going back to the first rule wrist 0.5% the tree idea

Where did the number 0.5% come from

0.5% is not too conservative and it's also not too aggressive because

For me to blow my account

I need to lose 10 20 trade in a row to blow my account

And using my system of one or two and just needing just and just

Needing a 50% accuracy

Three possible to make money

It's very very very very very very unlikely that I will blow my account as long

Keep the same risk as long as I follow this system right here it's very very unlikely the only

I can blow my account is if I

Go out of my way and don't follow

This system

Multiply not use 1% for trade which is Pantry in the row now that's unlikely to

But

It is unlikely but it's possible whereas 22 is Monroe is very unlikely

It's very likely because some Traders what happens is

So for the traitors that have a good month yeah you'll make good profit but what happens when the Bad seasons come

Because like I mentioned before there are seasons in treating there are times where

For a couple of months your accuracy is phenomenal then the next month your accuracy is

Horrible will you start thinking and my strategy good then the next month your accuracy is good then the next month

Is bad in the next month is beautiful

So there are seasons in trading and this system will work no matter what season it is

Where are the people who risk 1% if they're in the back season any loose what 6730 now

Now. All they have is 3% left in the account where we ask for us we have still be still

Still have a lot of

We still have a lot of

Capital to treat an hour psychology is not messed up when I think you want my God I'm on the verge of losing

Losing this account no way prepared

So one second entries in a row if we risk 1%. Why we should not rest mode

Unapologetic counts

Unless you have a very low pain the account but like I said this is my system imanage

I manage a big account so I don't plan on losing my account

And this system is not going to make you 10 20% a month

Because 10 20% of month is not even realistic

Being in this industry I've never seen anyone make 10 20%

Update account every month month after month after month asking people do 20% and their account

And then within the next couple of months they blow it that's why you see on you see these two

But then what happens if couple months later

There's no more or there's also a statistic that came off from mff which said that

After

A big payout most Traders blow their accounts

So this is some is not

Free to make baked beans

This system is for you to make money consistently every month it might not be 10 20%

System can get you is

Anywhere between 3 to 7%

Consistently that's the key word consistently

One-point lead for the Bad seasons

So you don't lose the account

Cuz like I mentioned before

In the Good Seasons their Traders rescue 1% of more yeah they have nice Piazza wish deschamps

Social media but what happens in the baskies in which is inevitable for every traitor

They lose or below their account

Just reminded all I wanted to tell the story about when I used to work as a doorman in the up

Upper West Side

Manhattan New York City a very expensive building

Where doctors lawyers Theo's businessmen

I used to talk to a doctor she was the director of Neurology in mountain night which is a very very

Was one of the best hospitals in New York

Or in the whole world not tonight and he was telling me how

Her motto is she

Expect the best but is always prepared for the worst

And that quotes talk to me because

I treated we need to expect the best

Of course but we also more importantly need to be prepared for the worst

And this system prepared you for the worst

So I liked ended

At that

Thank you for listening Austin xvideo