What Determines Your Risk?

📌 PASS THE PROP TRADING TIP

That next trade is going to determine what your next 🎲 risk

The deeper you go in a drawdown, the easier it is to smooth out your equity curve by reducing your risk. So let's say on phase one, if you want to start out with 1% or 2% risk, if you lose, you cut the risk in half. 🔄 If you win, you can possibly keep the risk the same or double the risk.

But remember, trading isn't just about wins and losses, it's also about managing your emotions. 💪 Stay disciplined and stick to your risk management plan even when things get tough.

So approach the challenge as, where am I in relation to my starting balance? Based on those next series of trades or next trade 📈 you're going to adjust your risk accordingly, and that's going to help you stay alive in the challenge long enough for you to be able to find those A+ setups and then pass the challenge eventually.

❤️ SHARE WITH A FRIEND

Thanks for reading. If you liked today’s prop trading coverage, we’d love for you to share with a friend https://proptraderedge.beehiiv.com/subscribe

Have an awesome day 😉