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- What Determines Your Risk in Prop Trading?
What Determines Your Risk in Prop Trading?
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.
🎓 PROP TRADING LINGO
What Determines Your Risk in Prop Trading?
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.
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