This is amazing. I havent seen any youtuber that gave a strict risk handling strategy that anyone can follow. Thanks for sharing this tip. I used to increase my position size exponentially as my profit added up, which made me end up with huge losses like 30k loss within an hour.
I am very NEW. I’m learning right now and totally understand your explanation on risk and position size. Very simplistic. I WILL use this when I start making trades 🙌🏼 Thank you.
Good shit king, you popped up on my recommended. Great explanation on risk management and position sizing. Many so called experts can’t make it this simple for new traders. I also trade but swing trade instead. Ended the week green with 120%. KAVL, IINN, BFRI, CALA, PRVB, BON
@@jamesrichyoung thank you for your response, yes, you can share it through google sheets via a link. Just copy and paste the link in the description. I hope this helps. Thank you again and don’t stop creating great content! 👍
Hi James, Fantastic content, I am watching all of your videos. Regarding this video, I have a question. I am predominately trading Forex and not stocks so how can I apply a similar charting set up for FX? Keep up the great work, I am really enjoying watching the journey you are on.
obviously a stop size is always arbitrary but what gives you a stop target on a share that is $3.33 vs a stock that is $7. i feel the spreadsheet needs to have a formula where you put in stock price that also populates the stop price based on the risk?
You almost gave it all for free, thank you for your efforts. You deserve more subscribers. My question is how much the minimum percentage of your target? For instance if I put 100 dollars, isn't it bad to expect 20 percent tp? Should i reduce or increase it? I'm Cryptocurruncy trader by the way, o always win at 3 to 4 time but at the end i always lost my money because of this lack of management. I became greedy sometimes. Thank you.
Thank you so much. After you open the position, do you immediately make another order to set the stop? Or, do you just watch over it manually? It seems like it would take too much time to set up stop orders for every position.
Why did you choose 126 as your stop? Doesn’t seem to be a support there, or is there? Could you explain that more clearly as amount of shares to buy seems to be dependent on where your stop is placed.
With a limited amount of cash in my cash account I like to use 1k per trade, so that I can take multiple trades per day using the same amount of buying power? Would you say it would be more beneficial to scrap the use of the same amount of buying power and use share sizing. My strategy allows me to be profitable with a high win rate as long I stay selective and don't over trade. The problem with share sizing, is the buying power use per trade changes each time so I would be limited on the amount of trades I can consistently take per week. Would like some suggestions... anyway to incorporate both?
If my max loss is 1% per trade, but sometimes i will get out before 1% loss, that means that i'm risking the same amount of money per trade right since my max loss is 1%?
1% of your account? Then no it wouldn't be unless you have the same amount in the account before every trade. Risking the same amount would be a set dollar amount per trade.
Great content appreciate it. My only question to this is, how do you deal with slippage? you would have to be almost spot on with your entries. Otherwise your stop can be hit fairly quickly. Again thanks for your videos.
Covered more in 7 min than most do in an hr. Kudos.
this guy is legend. So underrated omg!!!
This is amazing. I havent seen any youtuber that gave a strict risk handling strategy that anyone can follow. Thanks for sharing this tip. I used to increase my position size exponentially as my profit added up, which made me end up with huge losses like 30k loss within an hour.
I am very NEW. I’m learning right now and totally understand your explanation on risk and position size. Very simplistic. I WILL use this when I start making trades 🙌🏼
Thank you.
Glad to hear deleongirl!
Good shit king, you popped up on my recommended. Great explanation on risk management and position sizing. Many so called experts can’t make it this simple for new traders. I also trade but swing trade instead. Ended the week green with 120%. KAVL, IINN, BFRI, CALA, PRVB, BON
I appreciate you bro, thank you! Great job on the green week and yes I also caught some of that KAVL 🙂
This is gold James. I've been searching for a way to quickly calculate number of shares for a given stop size. Thanks
Your risk chart is super useful for quickly sizing trades while keeping risk as a constant. Thanks for the pointers and for being an inspiration.
Hahaha... The last table inspires me.. I build my own position sizing in excel but never thought of making it a simple table. Thank you 🙏
wow these explanations are so clear and concise. keep up the good work!
Thank you for making my day!
Not sure how this video has only 5k views…crazy good content.
Excellent !
This is one of the most important tutorials. Thanks James!
Thanks for responding to a comment off another vid and pointing me to this one. I had previously seen it, but a 2nd go-round was needed.
Extremely helpful! Just what i needed to wrap my head around! Makes total sense.
very clear and concise explanations! came across your channel today and im already liking the contents!
This is actually really helpful
How do you determine your stop price? Thank you for your videos btw James! Has helped me a lot!
hey how do i make the share count chart on my excel? can u please share the template?
Awesome video! Well explained! thank you. Would it be possible for you to share your spreadsheet calculator?
Thanks VGamer80! Is there a way I can post it in the description box or something?
@@jamesrichyoung thank you for your response, yes, you can share it through google sheets via a link. Just copy and paste the link in the description. I hope this helps. Thank you again and don’t stop creating great content! 👍
This dude is real!
Great video. Thank you James!
Thank you for the information, you're awesome.
Hi James,
Fantastic content, I am watching all of your videos. Regarding this video, I have a question.
I am predominately trading Forex and not stocks so how can I apply a similar charting set up for FX?
Keep up the great work, I am really enjoying watching the journey you are on.
obviously a stop size is always arbitrary but what gives you a stop target on a share that is $3.33 vs a stock that is $7. i feel the spreadsheet needs to have a formula where you put in stock price that also populates the stop price based on the risk?
You almost gave it all for free, thank you for your efforts. You deserve more subscribers.
My question is how much the minimum percentage of your target?
For instance if I put 100 dollars, isn't it bad to expect 20 percent tp? Should i reduce or increase it?
I'm Cryptocurruncy trader by the way, o always win at 3 to 4 time but at the end i always lost my money because of this lack of management. I became greedy sometimes.
Thank you.
Thank you! I don’t do it by percentage I do it by stop size. So I aim for a minimum of a 2:1 reward to risk ratio.
Great Content.. Thank you
dope
Thank you so much. After you open the position, do you immediately make another order to set the stop? Or, do you just watch over it manually? It seems like it would take too much time to set up stop orders for every position.
Why did you choose 126 as your stop? Doesn’t seem to be a support there, or is there? Could you explain that more clearly as amount of shares to buy seems to be dependent on where your stop is placed.
Hi very helpful video , thanks...a question , what is your personal batting average? How much time did take to make you a profitable trader?.
With a limited amount of cash in my cash account I like to use 1k per trade, so that I can take multiple trades per day using the same amount of buying power? Would you say it would be more beneficial to scrap the use of the same amount of buying power and use share sizing. My strategy allows me to be profitable with a high win rate as long I stay selective and don't over trade. The problem with share sizing, is the buying power use per trade changes each time so I would be limited on the amount of trades I can consistently take per week. Would like some suggestions... anyway to incorporate both?
If my max loss is 1% per trade, but sometimes i will get out before 1% loss, that means that i'm risking the same amount of money per trade right since my max loss is 1%?
1% of your account? Then no it wouldn't be unless you have the same amount in the account before every trade. Risking the same amount would be a set dollar amount per trade.
Great content appreciate it. My only question to this is, how do you deal with slippage? you would have to be almost spot on with your entries. Otherwise your stop can be hit fairly quickly. Again thanks for your videos.
I think he uses level 2 to help.
How about MNQ?
Do you use mechanical/pre-set stops or manual!
what about broker spread?
can this be used for options as well?
Options work a bit differently
@@jamesrichyoung Could you make a video on how you use risk management/share sizing on options?
HAHAHHAHAA.. Thank you again.
Awesome video!