Main take away for me is to ask yourself what kind of setup is this. Is it A? A++? B? C? And plan your risk accordingly. I had same thought just couple days ago and put it down in my journal. Lance also talks about this, but he presents it as more advance technic. It is interesting to see how different traders approach rick management, either use consistent percent of account or adjust it per quality of the setup. I haven't master this yet, but I can see how this will boost my account.
great chat, all encompassing. lifestyle, balance, risk, edge ..i have created an algo based on Emils risk management which creates a pop up that states 'the computer says no' when i attempt to add to a losing position.
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Main take away for me is to ask yourself what kind of setup is this. Is it A? A++? B? C? And plan your risk accordingly. I had same thought just couple days ago and put it down in my journal. Lance also talks about this, but he presents it as more advance technic. It is interesting to see how different traders approach rick management, either use consistent percent of account or adjust it per quality of the setup. I haven't master this yet, but I can see how this will boost my account.
Enjoyed the talk as always.
great chat, all encompassing. lifestyle, balance, risk, edge ..i have created an algo based on Emils risk management which creates a pop up that states 'the computer says no' when i attempt to add to a losing position.
Good one with Emil.
Keep them coming!
You got it 💪 New episodes drop weekly.
EMIL!!!! We will give you a second any darn time! Thank you for being in our room! You are an amazing addition!
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Very nice account balance Judah!! Don't be so modest bruh 😅
Very nice