Risk Management & Position Sizing Trading Crash Course
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- Опубликовано: 13 сен 2024
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02:07 Position sizing calculation according to your risk management rules
09:20 Applying risk-to-rewards ratio to your trading strategies
14:25 How to actively manage your risk during a trade
#riskmanagement #daytrading #tradingcourse #priceaction #stockmarket #livetrading #stocks #riskrewardratio #positionsizing #orderflow #chartpatterns #stockstrading #tradingpsychology
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What is your favourite Humbled Trader video? What trading topics do you want to see next? Please let me know👀👇
Join Humbled Trader Day Trading Community: bit.ly/ytv20240222
I bought today, real time market data trading view, (and the Essencial plan -even if i am still in the 30 trial period) , but i don't see any difference compared to interactive brokers chart..just like before.. The only difference,is now on trading view, the tickers don't have the orange "D" delayed data sign.. Looks the same.. I thought there was 15 min difference..
Thanks for the quality content. The key to my success is often found in honest self-reflection.
I would say to continue with some live trading videos. The way you go through you trades and planning covers almost every aspect; those videos help a lot! Additionally, these crash courses have been incredible - best free content out there!!
1. More on Exponential bet sizing and how you're thinking about it as you do it.
2. Curious to know more about how you think about adding into positions/partialing to take profit - If I remember correctly, one of your videos said you only did it after 10 am. Is this still the case?
shay, would love to see live trading commentary next. its been so long since you made one.
She's just great! I feel like she's talking to us saying 'Here's how you can get better' and not at a screen trying to tell us 'I got rich, you need to get on the ball' or 'Buy my BS' 😁
Appreciate this
This really IS the most important video you've made.
People can read all the books in the world and understand all of it and still fail, because they can't control them self.
This 💯. Psychology is more important than strategy. The two MUST align. Best book I’ve read on this is “The Inner Voice of Trading” by Michael Martin. I think he gives it away for free on his website.
This is probably the most honest video on trading on youtube..thanks for this
My three favorite channels: Humbled Trader, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥
Once you learn momentum trading , the rest is easy
Always get a lot from these. Thank you, Shay!
First of all thank you very much for this video and for being honest. Second, you did not follow your rules about VWAP, price action, support, and resistance areas. However, you did an amazing job showing your trading style and thanks again
This video is such an excellent one and probably the most basic one to “must have knowledge” on basic disciplines of Trading. Thanks again for your generosity.
Like to see your real time trading like this and learn from your lessons and success. Cheers!
Thanks Shay, that was excellent! 🎉
Excellent video Risk management from psychology perspective, how to set the right amount to enter and actually entering as planned is one of subject I would like
As a trader, I was stuck just simply wanting to make money. It wasn't until I started trading with the idea of improving Risk:Reward & Win Rate did I start to see my account growing. The higher the risk:reward - the better the trade, and the higher the win rate - the more money (and confidence). Risk management was the reason for getting past profit based thinking for trading.
Thank you so much for sharing. I love all of your content but yes I agree. This is my favorite video thus far because risk management is very important.
I'll definitely be using some of your ideas in my own trading plan.
💪
Hi, Shay! Another great video ☺ Thank you so much! A quick few questions, if you dont mind 🙏
1) Do you use 'stop loss' orders? Or you have a mental stop loss level and you just close your position?
2) Aren't stop loss orders seen by the market makers and they stop you out?
3) What is your most used exit order type?
❤🔥❤🔥❤🔥
thanks for watching!
1. Yes I do use live market stop loss orders. I only use mental stop if its a partial position (like 1/5)
2. Sometimes yes. But you can place stops strategically so you dont get wiped out too soon. Sometimes you still do thats the name of the game. It's better to have stops in case of some crazy volatility causing you to lose WAY more than planned.
3. My most used exit order type is just limit order. Limit sell on ask or buy on bid
Thank you, Shay, for taking the time to answer my questions @@HumbledTraderOfficial ❣
Thank you for your transparency love. I think You’re probably the best RUclips trading channel ❤
I appreciate that!
Love all your content. But I wish you had a link for your risk management calculator.
I’d humbly suggest to make the point psychologically to stubborn students like myself, please show a winning trade or two in the same format as the losing one. Maybe the video would get too long, but seeing the winning trades as well as the loosing one may subconsciously cement the discipline of stopping the loss, because there is hope of gains. Thank you!
I am officially fan-girling all over your content every day. I love your dad jokes humour and how informative yet concise/clear you are. I’ve only begun my journey and just paper trading for now because I’m a wimp (veryyy risk averse because my capital will be small). So videos like risk management really puts me at ease that it IS something I can control.
Also, just letting you know, I found your videos only 2 weeks ago and have binged through them like Netflix hahah. I now have almost 200 pages of notes and screenshots on my iPad mainly from your channel. I’m really trying to be patient and follow your advise from “How to be a trader in 30 days”. Fingers crossed and thanks again.
Thanks shay for you sharing you LIVE trade,even when you are losing, like you said it is very nice to cut a lose when we see the odd is not in our favor.
Absolutely!!
I want this spreadsheet 😅
Great training. Risk Mgt is now top of mind. How can I get your spreadsheet? I've found others but I like yours the best👍
as always great video Shay, thanks for taking the time to walk us through your trade, even the losses. It's just as respectable to see the losses as the wins. We all want those lottery winner story but have to realize that this story is usually written with a lot of heard earned lessons
Very important info. Thanks
thanks for watching
Hi, Shay. where you sat is just like a typical grandma's house in Iran.
Video of evening time prep and homework for next day trading!
Thanks for sharing! With best wishes from Central Europe.
Very nicely explained 👌
Glad you liked it
thanks for sharing, I'm a beginner who joined the nfc community.
It was nice to see your thought processes on risk management. Thank you
🙌
Very informative as usual and always enjoy your humor :) hope you’re having a good time in Taiwan 🙏
Thanks! 😃
Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
Right, when it comes to situations like this, it's ideal to engage in various options using an advisor, and I can attest to success of the basket approach seeing my portfolio grow from $350k to almost $1m in barely 3 years, by far my best financial milestone.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
I work with "Natalie Ann Brinkman" as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
love your videos thank you 🙏
What a phenomenal video! 🙏🏽❤️
Great video. Thanks for sharing the losing trades.
Thanks for the great videos. Are we able to download your excel spreadsheet used for your risk management calculations ?
This
Is one of your top video imo.
buying around 11am? when the 9ema spiked over vwap putting my stop loss just under vwap and profit target around the 12$ resistance could have been a nice trade , i started keeping an eye for those kind of paterns on stocks that were good pre market but went downhill at open and its been pretty good so far , decent wins or pretty small loses :) im just begginer with a small account but i really like that kind of patern
THX for the video very informative
Well done again. What is your routine of your "off market time" evening homework routine? Also how are you trading NVDA? and do you trade with Prop Firms?
No I’ve never used any prop firms. You can see a full step by step premarket trade planning routine video on my channel 🥂
Love your content! Thank you so much for sharing your wisdom.
Thanks for watching!
what is the important strategy to complement "stop loss" ? the stop loss method is more applicable for day trade only?
Fascinating to watch you trade.
after 4 days of winning trades..this morning i had 3 lost in a row tried to cut lost as fast has i can but i almost took all the profit from yesterday so decide i was done for today..
Good thing you did not try to get back and take revenge trades 👍
Risk management is key. Live to trade another day 💪
Thank you for the good work in wanting to make us better traders. However, I need just one more, that is your risk management template. Pls, I would really appreciate it if you could give me your spread sheet. Thank you very much
This is very helpful thank you!
Many thanks Shay for another amazing video!!!
🙌
thanks for watching
One of my Favorite videos was the Lambo a year or two ago.
Given the very low volume premarket its not clear to me why support and resistance levels during Markert hours would consider premarket.
You are really informative and funny
Simply brilliant. Thanks
You're awsome! Great teacher!
Thanks!
Great video and great lesson. Thanks!!
🙌
thanks for watching!
Thank you for all the information.
Our pleasure!
After 5 years of trading,it's all about risk management and sticking to your process with no exceptions whatsoever.
Definitely
Hello. I like your trading set up. What size monitor do you use?
I love range trading and BB bands
Thank you for the video. What you think about trading Nasdaq?
Been trading for a couple years or so and am very much a novice . Was wondering how you can buy back the same stock that you lost money on at a lower price ? I have to wait 30 days to get back in or my price is the losing price I sold at .
Bottom Line, You are guessing the movement, what was the probability ?
At what period do you have to set up the VWAP?
OUTSTANDING video ❤
Which platform do you use for day trading?
The most frustrating thing that's been happening to me is; I will hit my stop loss, then less than an hour later it shoots back up. I understand and believe in stop losses but 12 or 13 losers in a row can also devastate a small account.
Could you do a strategy evaluation for past week breakout of SMCI
Thanks ❤❤❤
Do you have another scanning company recommendation? I got to the pricing page of Trade Ideas and it was all MAGA this and that. I don’t wanna give my money to a hyper political company, so if you have another, I’m all ears!
Can you/someone help me understand something regarding trading size and risk management please....
Ok, so from what I understand typically it is important to not risk more than 2% of your trading account. So does this mean that you can place a trade using your entire account but to put a stop loss that is triggered when a 2% loss is incurred or does that mean only use 2% of the account for the entire trade and risk only 2% of that. At times the stop does not get triggered then you would lose the entire account if the entire account is risked and although you intended to only risk $200, your screwed if the stop is not triggered. Sorry for such a novice question.
Stoping a trade manually is a receipe for disaster , as soon im in i place my stop as i know where i want to be out if its not working .
hi Shay, do you put stop loss for your Long term investing? following same technical risk management? let me know, thank you!
No I do not. For long term investing I only sell if the fundamentals have changed for the worse. I dont look at technicals or price
Hi HT. You have so many videos, over close to 5 years. A few questions:
1. What's your background, if you don't mind me asking? I mean.. are you an economist, or commerce major? What did you do before trading? Did you ever think you'd be a trader? What brought you to trading? How many hours a day/week do you trader now, versus when you started?
2. What's your desktop setup? For 2024-25 what should be the aim, if you're a day versus swing trader, for max productivity?
3. What's the key updated videos for 2024 to watch on indicator tools, stock selection, news etc. Which are free and if there's a cost, what's the cost?
4. What's the key technique you use for analysis, as a swing trader now? MACD & RSI? What do you use for day trading?
Respect. Love your work and explanations. Thanks.
Yes... this is the most important video you ever made.. I think you Asians are very skilled in this field... Greating from Algeria
cheers!
Are the spreadsheets on your website?
Thank you 🙏❤❤❤
this very informative...out of topic Shay, nice chair you got. may I know what brand you have? thank you!
Autonomous ergo chair haha
not sponsored so I understand not mentioning the brand. lol but still thank you for getting back. enjoy your Taiwan trip. I guess that's your childhood bedroom where you narrate this video.🙃 take care Shay!@@HumbledTraderOfficial
That's good ❤
I love watching your videos (those I can lay my hands on) but I really wish your producers can find a way to avoid asking you and/or your guests to hold those microphones. They sound great but...
so then you always hit your stops, how could you predicate that it will turn from that level where you have a stop loss, bcz even you did your chart analyses correct market could hit and turn up, then you may think if you could tolerate like 2% you will be in profit, how do you get off such situation
Umm newbie here, when you buy is that considered as 1 trade and another for when you sell?
Can you tell me whats the song in the background at the end?
How do you add a stop loss during pre market?
Stop limit only
Hey Shay :) what if your planned risk-to-reward ratio is 1:3 but your risk is still higher than your max risk per trade or per day? Would you recommend such trade?
Then you have to size down and take less shares, or reconsider your key levels
Thank you!@@HumbledTraderOfficial
np :)
Where can i get the spread sheets used?
When I started, about ten years ago, I was using stop losses for risk management. This was death by a thousand, or rather one hundred cuts (1% risk). Mental stop losses only, correct?
mmmmm I'd prefer stop loss orders. rather than mental
@@HumbledTraderOfficial Ok! Thanks
🎉Thanks
Can you add Turkish language support to your videos and trainings?
Maam can u recommend me a software or the website to trade
Can we download this?
I can't disagree more. I enter a trade with a fixed Stop Loss already in place. My problem is that I see opportunity to make money everyewhere and can justify opening a position based on some technical criteria that I have no problem coming up with. It makes perfect sense in my head and yet time and time again I'm loosing...
What’s the indicator on the left side of the screen? It looks like it’s showing volume on a horizontal level.
Volume profile
Humbled trader How can we schedule a phone conversation?
Les
Great video, so true but so hard to do.
And..., cool curtains. Are you at your Mom's house? 🤣
lol yes
Your success in trading will not be determined by the number of green days when you are right but will be determined by the number of red days when you are wrong.. Let that sink in..
I always even or lose very little if i setup stop loss as soon as i buy. But it if I let the stock work for couple of hours , mostly of the time is profit , after that I decide a stop loss. So, what’s the best time to setup stop loss?
mmm if you're not setting the SL early on I'd recommend really watching the stock position closely.... to monitor it. i still prefer to set my SL early tho
so does this apply to options as well so if i buy a contract for 43$ i should risk it to have 1:2 ratio but sell at 86$?
No
Hi Shay, excellent video. I needed this reminder. Are you visiting your parents? 😆
Yes I am!
@@HumbledTraderOfficial I recognised the drapes and other background stuff. It totally gives off parents vibe!😆 Somethings I would find at my parents place!! 🤣
:)
Show us your trading and account records. Thank you.
Do you use 5 min chart for trading?
Yes along with the 2min
Do you use trailing stop
yes sometimes when im trying to let a final position work out
i cant get high risk and reward.. i always get 1:1.5/1:1.8 cant get 1:2 in this month..if i dont take profit early..it turns winner to loser.. i really dont know why
Active trade management is crucial; our job as trader is to read and react to price action and adjust our exit strategy
are you a day trader or swing trader?
Going through the same thing, even though the trade is in my direction i found myself out of the trade after taking a small profit. With an accuracy of 40% with 1:2 im in profit if i go for 1:3 or 1:4 i don't knkw the accuracy will remain same or not.
@@samankumar1211 that's cuz you didn't look in higher time frames. Remember you don't do your analysis and buying action in the same time frame. For example; I do my analysis in the D frame but I buy/sell in 4h or even 1h chart. That way you will find the true direction of the trend.
trading options its very hard to get 1:3 RR.. because time decay and greeks
Not really, options are very flexible. You set your own RR depending on strategy.
i think depends on the strategy yeah