Forex Psychology: Keep your losses small/Manage Drawdown
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- Опубліковано 23 січ 2022
- Always aim to keep losses smaller. Whenever you go in drawdown, rather than looking to add positions, look to see how you can take some risk OFF.
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Excellent number one advice raja banks mentor King!!!
Yessir
Thanks Raja for sharing this topic.
Risk management is everything when it comes to being a professional trader.
As you scale up your account, you're looking at handling 6 figures account, 1-3% risk per trade is way a lot than handling a 4 figure account.
It comes into play in all parts of trading, from deciding which trades to put on to managing positions and portfolios.
Risk management is not just about calculating probability, it is also about understanding the risks in the market.
The best way to understand risk management is to break it down into two parts:
1. The risk of losing money invested
2. The risk of holding an asset until it becomes worthless
Risk management is not an easy task.
It takes time, patience, and experience to be able to analyze it correctly.
This is not a topic that can be mastered in a day.
Nor can it be learned just by reading books or watching videos.
You have to practice it consistently.
Thanks for the reminder, appreciate it a lot!
Thank you Raja!
really appreciate.
You are our leader. I love your personality and the way of communicate. ❤️❤️🙏
love the intro man and love the content you're putting out
A lot informations all you explain here, its a keys for every trade! Thanks So Much Zahoor!
Powerful 7 minutes this morning 🙏🏿
this thing changed my life .thx soo much raja
Investing in different streams of income in other not to depend on government for funds and avoid all the chitchat about the inflation bla bla bla
interesting. I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it,any reasonable idea
There are platform where you can invest and they trade your money. Then pay you profit either weekly or monthly. That's investing.
Wow I know Mrs Clarissa i met her on a conference in the Dome at America'scenter life 2016 where she introduced us her business strategy, she helped me cover my loans
Amazing!!!!.. I also started treading with Mrs Clarissa she's the best at what she does with an initial investment of $2500 Canadian i made up to $8450 profits in just a week of trading with her, her trading strategies are mind blowing
I also trade with Mrs Clarissa, and i must say she makes money making seem a whole lot easier right now, I'm a single parent and i pay the bills comfortable since i met Mrs Clarissa she's absolutely amazing and I recommend her the best
This content is excellent! Thank you!
Thank you Raja for sharing this wonderful Topic
Love the new editing, looks really good Raja
Thanks for sharing Raja. You're the GOAT.
Yeah RAJA are on point!I have that bad mindset to still hold on a position while its not looking great
Great video, many thanks for sharing such wonderful tips, keep that up bro!
Love the content ! 100% real talk
This is great advice. Thank you.
I love this that you sharing right now man thanks
Amazing information will apply this week
🚀
Thank you Raja you are a blessing to lots of us wandering in The Sahel
thanks bro nice video and this time nice editing too. i never use SL but now I starting SL and keep my losses small. :)
The G.O.A.T has spoken.... Thank for the video fam.
Perfect idea that i need to control on my losses
Always informative content!
Great advice thanks Raja !
thanks bro, this makes super sense!
Thanks raja, video quality 🔥👌
Just got the Magic keys digital version. Looking forward to using it.
If I had seen this few days ago, I wouldn't have lost almost half my account. Thanks Raja
keep the psychology videos coming my mane these are my favorite
Really love how we are forming a real forex family ❤since 2k19
Raja is Awesome! Much love from Miami
after a year and plus, I still come back to this video.
Nice.... Thank You Raja
Thank you Raja 🙏
very useful thank u so much mister raja BANKSS
some good art at the back
Very helpful Raja 🤙🏾
I take at least 1 to 2 trades per week at 2% for a 20% per month goal. I’ll eventually go up, but right now this is what’s working for me to compound, and stay profitable until I can grow my account to be able to do more.
The Goat!
Thanks for informing 😊
Amazing video!! 📈
Hi raja I have been struggling with this when i have a negative trade I kind add more to that losing trade. I think I am 50/50 on understanding this point from your perspective
I hit the like bottom right way, bc Rajas been helpping a lot and always forget to say "hit the like ant subscribe" haha
God bless you man.
Let’s get it RAJA!!!!!
Great video!
the new year funnel for magic keys , yeeeee raja the goat
WOHHH, Money kicks from Dubai, looks just like you, well a younger version!
thanks man
Watching from Philippines ;)
Love the intro
amazing stuff mr Rajani Bankaloo
Love the improvement on production quality and these very important topics youve been posting about. It's all looking amazing!
raja pls do a video how you use your magic keys, and the rules you use on magic keys
Amazing man.❤️
Great video Raja!💎💯🦇. Gems 💎 💎
Always good content 🔥🔥🔥
Great video Raja
Intro is amazing
Thank you
This video is what I needed! Thanks Raja!🙂
AMAZING CONTENT
Thanks Raja.
Thanks Raja
THANK U RAJA
Thanks man
Everything helps 🖤
haha
If you want to get rich quick…. 1-2 trades a day like he says. Real talk. Less stress
Awesome intro
nice add video about magic keys
Hej Raja,
What is that tune you use in the intro to your vlogs, please? It's not Dire Straits is it?
My trading is improving by the way 👍
Can u make a video on using MK while on a live trade
if there are 2 wicks on a candle is the larger wick for important? are wicks more important than the bodies?
Can you do a video on how to mange risk with magic keys trading indexes? I have magic keys but having trouble using it with indexes.
Hi, Raja You haven't provide magic keys link. Where to buy plz?
Salam Sir...where is the link for the magic keys? I couldnt find it?
Appreciate it 🇦🇪
The truth right here ❤
What's the initial investment needed for forex trading?
Amazing:)
Too bad i cant double like this video coz what a video man
what is the difference that you loose 2 trades a day and wait till the next day?they can be loosers also,and mayby your 3th trade on the first day could be profitable? i dont understand,its always a guess no?even with a good plan that you made?
King Raja
That autofocus 🔥😂
you dont have a native version for mac, and thats a big problem..
I MUST GET OUT OF BREAK EVEN!! AMEN!!
More
guys, do we have any promos for dominion markets? pl let me know
I am from Canada and still looking for a good broker :)
big chief
Raja plz mack video how to use and connect magic keys specially for Pakistan but in urdu thanx
Man with no hatters❤
Hey Raja…is there a way I could adjust my stop loss mid way of a trade ? How to manage a stop loss in a losing trade How do I do this ? Is this possible on magic keys or my4 alone? would be awesome if you could reply or make a video on it..WOULD ADORE THIS! Please get back to me ❤🙏
you would just modify your trade and alter the stop loss
Takeaway: Focus on cutting losses before it hits SL.
if u need to cut ur losses in the trade before u put it u shouldnt have taken the trade, this video makes no sense
@@Scalpers.united He's talking about if you entered the trade and the price went against you, you should cut losses if price is approaching your stop loss
@@veritasabsoluta4285 then ur dam stop loss is not on point, it doesnt make sense
@@Scalpers.united I've found in my experience that sometimes you should cut losses early. And sometimes you should take profits early. In a perfect world we'll always go either stop loss or take profit, but it isn't always that way, at least for me.
@@Scalpers.united u ain't getting the whole concept , the essence of SL for me is to Stop my Trade especially in a high Volatile Market , then if that did not happen and market goes against me little by little and pass half my SL or Certain range , then I reduce my loss by Cutting 50% of it and let the remaining run to my SL or back to profit , if it hit my SL , then my initial loss will be lesser , but if it goes into my TP , I will still get little profit from the trade even though I had cut out 50% of the trade in Loss
I hope u get it 😉
Raja is the only banks you should listen to.
Cuebanks 😂
I will forever be indebted to you 😇 I was able to build a big income stream during the covid-19 pandemic investing with Mrs. Katie Stein. You’ve changed my whole life, Thanks so much.
I'm surprised you know her too. I've been making a lot of profits investing with her for a few months now.
Mrs Stein changed my life because of the high profits I got from investing with her.
You invest with Mrs Stein too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can i reach your broker
@@guzmanp8993 You can communicate with her on telegam with the user name below
Yooo
I love you I love your Trading System I love my life
Thanks for your Time u are a Blessing for the Forex Industry
💎💎💎
Raja I think your holding yourself back by telling people that they should manage risk at 0.5% per trade. Nothing more, nothing less. I strongly believe anything more than 0.5% risk per trade, would be disastrous especially when everyone is trying to trade or gain access to a trading prop firm, ftmo etc.
how do u control smaller losser if u have ur risk reward set before the trade? lol
ex: You have a SL of 30 pips, trade goes 15 pips drawdown you close 50%. Now if trade hits SL you will lose LESS than you would have holding the full position. - If you don't get that concept you shouldn't be trading.
bismillah..