How to Size Your Positions Like a Top Prop Trader for Maximum Account Growth
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- Опубліковано 2 чер 2024
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I watch this at least 5 times per week.
This guy drops some serious knowledge 👏
This guy's style of trading is very similar to mine. I like to trade the details and scalp, and I do very well with it. As soon as I start trying to trade exact patterns and setups and set a hard stop loss and target, I don't make as much on average. Price action and volume fluctuations tell me a lot of what's going on in the moment, and I can't stand just sitting back and watching all the volatility and waiting until the price hits a stop loss or target.
this is the way
Great, thanks for sharing. About taking profit (too soon vs let it ride). It' s a kind of philosophical issue that goes beyond trading itself (space and time) and that really fascinates me. And when you look backwards you can always "would have, could have" in any situation...
Great video! I really liked this trader's approach to feeling things out before adding size... and especially being OK to scalp profits most of the time without too much expectations for the low probabilit homerun... definitely something I"ve been focusing on recently.
When you say scalp, would you still be taking a 2:1 Risk reward minimum?
@@mikebasketball11 thats the most important question, personally i go for at least RR 1: 1,5.
I consider a 1:1 too small. If i go for 1,5 R meaning I m a winner if I m right 50 percent of the time,
Wow. That was just incredible for so many reasons. I especially liked the discussion about the daily stop in terms of units of risk rather than dollars, as well as all of the discussion about how important fluidity is amidst following the rules of your individual playbook. But there were SO many other gems in there. Thank you for this one.
I have been trading for 3 months now and after taking other courses, I feel like I am gaining more guidance and understanding from your content. Thank you for the help...
You are welcome
This is really insightful. Would be great to hear from someone about their development, in terms of how they managed their their beginning years as a trader to eventually become successful.
Thanks for this video SMB I am having a great evening watching your videos. Life changing and sizing has always been a hindrance though since reading your books, going on the DNA training and these videos has moved me from where I was a few weeks ago to a completely new place in my trading thank you 👍
good confirmation of how setups change thru the day from A to B to C setups, this is why 100% focus is needed.
Hey Mike, I really enjoy these open discussions. I like having the perspective of other traders with different aspects of trading, i feel like this is really helpful in improving my psychology and my trading business. Thank you !!
I like his approach to risk. He is on point. Is he still at SMB? This vid is an eye opener.
When entering a position using the tape is it better to enter when the time & sales is in lull or is it better to enter when it starts ramping up when stacks of shares start coming in?
Very smart trader and he actually wants people to learn , Thank you SMB.
Love to hear pro traders from SMB speak about the dynamics of day trading.
Anyhow, would like to see a video about swing trading; important insights, setups used, RVOL, market conditions, stops and profit takes.
gotcha
Mike Bellafiore Thanks Bella
What are some thought patterns or trading analysis (both intra-trade or post day recap) that a SMB Trader does a new trader whose education has primarily came from UA-cam wouldn't think to try or figure out. Outside of direct mentorship and algorithm trading, what are some tricks of the trade you can share with us beginners?
Top traders that can express their thoughts eloquently in practical terms like this man are fuckin' awesome resources!
agreed
Great video! Does anyone know who this trader is and the title of the book he mentioned on trading psychology?
Very nice that you have started to print the questions as they are often very hard to hear compared to the trader himself :-)
thxs for the feedback Bard
Awesome video. I learned that I need more plays for my playbook and that I am positioning correctly in my A+ plays. Can't wait to trade tomorrow.
👊
Great video. Would love to see more videos of junior traders, especially on how they overcome the psychological barriers to becoming a CPT. I almost always trade the right stocks, as they are the same you cover in your AM meetings, and get in at the right places, but have a hard time psychologically managing the trade.
gotcha Ravi!
very well how this guy explain everything in general . I love it.
appreciate that! thx
This was the perfect explanation for me and how I want to be trading. Resonated with so much of what he said. I always feel like i have to risk the same amount on every trade, when in reality I should just base it off the confidence of the set-up, definitely think it will be a lot less stress getting into positions that way, much appreciate.
This trader drops gems 💎 I watch this daily
magnificent young man. well done. thank you
Great video got useful info on sizing into a position.
Good Job.
Thanks Razzy!
this is my favorite video yet, thanks for sharing
You are welcome Shawn!
Golden content, would be my dream to intern at SMB Capital
Awesome video!
This is extremely helpful to me, Thank you!
Really super points, all around. Took lots of notes during this one. Thank You!
What size account do junior traders get??
Notice the congruence between this trader bodylanguage and his trading philosophy. Reminds me of bruce lee advice of being like water
HUGE!!!!!!!!!!!!!!!!!!!!!!!!..Thanks for dropping knowledge!!
you are welcome Andrew
Really great content, but please send the question audio through some noise reduction filter, it's so loud it's actually upsetting. Feel free to message me if you're not sure how to go about doing that.
thxs for the suggestion Adam. Asked Kurt to look into.
Good vid bro
Really good! Thanks!
Great Video. I am a good trader. I average 3000$ profit a month. so my question is I trade strictly pre and after market. Can a trader come to work at 4 am to 9:30 am at your firm and back at 4:00 pm to 8:00 at the firm. This is basically if I was employed by SMB capital can I work those hours.
we have had some traders trade other markets but mostly we stick to US Market hours
Great video. Glad I found it 🙌🙏
Thx!!
Great video
Interesting. When looking at the bigger picture of a stock, how do you find out how much institutional money is in it, and who is holding what part of it etc ? Finviz ? or better sources?
Great video
Thanks. 👍🏻
Do these guys trade the lower float stuff that has been running like PTI YECO PLAG PETZ NCTY or do they stay far away from them?
I'm sure they stay away because with so much capital they dont need to take such risky bets. Or if they do trade them they size down considerably. But I dont know I'm still a noob to be honest lol
Good stuff..
Love this
Thanks bro
Thanks, thanks....I would like you to interview Merrit...please...
This is a great video. I appreciate the trading honesty.
How much your daily tradable total is, was nvr mentioned. 15% 20%30% 40% 50% 60% 70% of what???? What's the account size? How much is used on a daily basis????
So how does he size his position? Still confused about that... he says x percentage of the day per trade? How do you come up with that number? What does 100% of the day = ?
I think they have a set amount of $ risk per trading day.
I.E they have $1000 risk on the day and if he is risking 30% he will risk $300 on that day.
I'm not exactly sure if that's how they allocate risk, so if anyone could clarify that. That'd be great.
He also talked about using R value for risk, which I'm more familiar with. A typical R value would be 1% of your total account. So if you have $10000 account you'd risk $100/trade or 1R.
Each trader usually has a set amount of risk before they are stopped out on the day. The number varies based on the trader. New traders may only have a few hundred stop and experienced traders can push 100k+
www.smbtraining.com/blog/14-keys-to-proper-position-sizing-to-grow-your-trading-account
@@mbellafiore19 Thanks Mike. This content is truly gold.
Thanks mike 🤙
Can we see more chart recaps?
when he is speaking about his percent risk, is that that percent is a portion of his max daily loss>
Yes I would imagine so.
How do I sign up
Does this trader have a Twitter account? I'd like to follow...
I am glad to have heard this
:)
I have watched this 20+ times and I do not understand the process. Is there a place or video where this is explained another way?
What does a wash trade mean ?
who is this trader? are there more vids with him?
"Risk" "Risk" "Risk" "Risk" ....That is a great way to forget about reward
Dope
I don't like how they say you'll learn more from this then years of online education.
just try it, promise you that you wont regret it
What does he mean by 1R of HalfR? 17:25
Risk? Equal amount of what was risked on a given trade or half of it. He has a certqin amount to sped per day, divided in a certain amount per trade, he know how many trades on any specific setup can be done. By securing profits, you're just securing your possibility of surviving through the day until you get those trades that simply pay handsomelly. You not only are keeping your account alive, you're giving it an hedge to grown through time. As he said, after you practice a lot and know very well youe setups, you find patterns where the trade is nearly risk free. Since those trades are so small risk, you can try bigger day risk % on the trade since, if it stops, you'll won't lose that much, maybe even compared to normal risk but the profits end up being bigger.
So thats how they get these big gains
taking a bigger size Front end will blow up an account if shorting
Thanks for the videos! Would you care to share the most reliable information source(s) that SMB Capital utilizes each day? Your A+ stock and news feeds...Appreciate the information*
Trade the news and briefing.com are a good place to start Mr. Smith
30%, 50% 5% percent of what?? the entire capital? after losing trade do you increase the percent ? if no you are trading with less and less amount of money or do you always use the same amount of money for the same setup
The percentage from the traders daily stop out. For example a trader might have a daily stop out of $1K and if they are risking 25% on a trade then that would be $250 for the trade.
I'm watching this in November 2019 and mehn I feel this trader. basically voicing my life and thoughts, experiences and beliefs as an 18 month old, full time stocks trader
Like, its like this was a great video?
👌🏿
This is my problem as a new trader.
Update 1 month late and I’m absolutely improving!
Frankly after a year i can not see any possibility of learning to trade .
Rather hear from a veteran trader with at least 15 years+ under the belt. Nothing wrong with young guns, but the understanding of the market is different in each generation and have found more insight with those who have been in the trenches.
He's a 7 figure trader as young as they come. Take a minute to digest that.
Understood. Our teaching philosophy is that traders can learn from partners, Floor Manager, Senior Traders and Junior Traders.
I learned from this. This is useful for us newer traders.
If someone who's new does better than someone who's been doing it longer, who truly is better at the task?
Risk Management is easy. Charting is easy. Handling the psychological aspect of trading is what's hard, which is exactly why young people can do better than seasoned professionals. They learn the skill very easily, however master the psychological aspect of it also. Some people can do it, and some can't. That's just the reality of it. Some people can't handle the emotions.
royalmac1011 and sometimes the old guys miss what the young blood sees clear as day. Goes both ways man