Wow, I must say, you have no idea how immensely helpful these videos are! I just wanted to take a moment to express my deepest gratitude to you. Thank you so much for creating and sharing these videos! Every single word you say resonates with me on such a profound level. It's as if you've personally experienced these situations and pondered over them extensively. Your insights have truly made a significant impact on my trading. Thank you Morad Sir.
I like to listen to you every night while falling asleep. My equity curve went through the roof :P Thanks for sharing especially about Risk / Money Management.
Adding size too early is detrimental to a retail trader Take your time and no need to be trading 5 lots without being able to properly assess all the performance factors mentionned here. I keep core position size to 3-5 lots and believe me I don’t need much more I perform better this way and manage the losses properly It’s not a sexy way to trade as you say but it’s steady, low stress and my expectations are realistic.
Hello, thank you very much for the information webinar. I however, do have a question: As we progress our risk/lot-size/scaling/profit target taking, our stop should remain the same at 3-points correct? And accordingly with 2-lot size, our stop is (2) 3-points stop, essentially overall 6-point stop for that current risk tolerance. Am I understanding this correctly? Thanks!
Hi Luis, yes R factor is important irrespective of win-rate. The two should considered in tandem with one another. If your sample size of trades is significantly significant, then a higher win-rate would allow you to have a smaller R factor. However, we have had members at Convergent with win-rates as high as 90% and are still losing money. This is due to cutting winners too early and letting risk get out of control on losses. Win-rate is not a very important statistic without context. Check out our video on Expectancy (which is a much better way to track profitability).
We cannot really advocate for or against any particular instrument/symbol - this is going to be highly individualistic based on your overall capitalization, risk tolerance, and access to markets. Also your preferred volatility (i.e. crypto vs bonds would trade very differently). Something like this would be difficult to answer without knowing all of your information. For the most part, you can trade anything (stocks/futures/crypto/options/etc.) if you are limiting risk exposure and operating with what you believe to be an edge in the intended market. The market itself comes down to personal preferences and opportunity.
Wow, I must say, you have no idea how immensely helpful these videos are! I just wanted to take a moment to express my deepest gratitude to you. Thank you so much for creating and sharing these videos! Every single word you say resonates with me on such a profound level. It's as if you've personally experienced these situations and pondered over them extensively. Your insights have truly made a significant impact on my trading. Thank you Morad Sir.
I like to listen to you every night while falling asleep. My equity curve went through the roof :P Thanks for sharing especially about Risk / Money Management.
Great content here. You put together an outstanding lecture.
Solid content. Thanks for sharing your insights.
Awesome Educational Content, Thanks
Great value as always
Thanks for the great content. Fixed my expectations and happy to grow steady 😊 all the best
Great content sir! I've found my trading edge for the NQ at 9:30am EST every morning.
FT is a great human. God bless you
Adding size too early is detrimental to a retail trader
Take your time and no need to be trading 5 lots without being able to properly assess all the performance factors mentionned here.
I keep core position size to 3-5 lots and believe me I don’t need much more
I perform better this way and manage the losses properly
It’s not a sexy way to trade as you say but it’s steady, low stress and my expectations are realistic.
Traders should earn the right to size up, and consistency is king!
Awesome video thanks.
This is a must view.
We agree!
Fantastic and attempting presentations 🧠⚡️📸
Thank you! Cheers!
Great vid, FT
Good stuff! thanks.
Thanks great advice.
Hello, thank you very much for the information webinar. I however, do have a question:
As we progress our risk/lot-size/scaling/profit target taking, our stop should remain the same at 3-points correct? And accordingly with 2-lot size, our stop is (2) 3-points stop, essentially overall 6-point stop for that current risk tolerance. Am I understanding this correctly? Thanks!
Thanks
Is R factor important if you can swing 80%+ winning rates regularly ?
It is always important. Win% doesn't tell me anything. You might be making 1 tick on 80% of trades and losing 500 ticks on the other 20%. Right?
Yes
No. See the traders equation.
Hi Luis, yes R factor is important irrespective of win-rate. The two should considered in tandem with one another. If your sample size of trades is significantly significant, then a higher win-rate would allow you to have a smaller R factor. However, we have had members at Convergent with win-rates as high as 90% and are still losing money. This is due to cutting winners too early and letting risk get out of control on losses. Win-rate is not a very important statistic without context. Check out our video on Expectancy (which is a much better way to track profitability).
Would you trade crypto perps for a small account
We cannot really advocate for or against any particular instrument/symbol - this is going to be highly individualistic based on your overall capitalization, risk tolerance, and access to markets. Also your preferred volatility (i.e. crypto vs bonds would trade very differently). Something like this would be difficult to answer without knowing all of your information. For the most part, you can trade anything (stocks/futures/crypto/options/etc.) if you are limiting risk exposure and operating with what you believe to be an edge in the intended market. The market itself comes down to personal preferences and opportunity.
How much is a small account?
2:50