🏁What i am using right now is: Just 1% (which actually fits your "normal" formular) passed stage 1 with that. Now in stage 2 i will keep 1% but if i get to 50% of the max DD which is -5% (10% max DD) i reduce the risk also to 50% = 0.5% risk for me until i am back to breakeven on the acc, at that point i go back to 1% risk 🏁
soo true, I risk 0.20% per trade due to this I take 4 Months to pass Phase 1 of 10K Account. Now I Understand how I Change my risk Approach acc. to equity curve. thanks Kimmel🏁🏁
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thanks for this man. I went super aggressive with my first funding challenge and passed it first try in just 4 days. I knew I had to limit my risk going forward to my first payout and was unsure about how to do it.
The normal is the most reasonable option at any time. 0.5% - 1% puts enough buffer. If I can add one thing here, it is once an account is below the starting balance, risk 0.5% then when BE or above the balance, you can risk 1% again and it will still make sense. Well done giving explanation and suggestions. A lot will benefit from it kimmel 🏁
Exceptional content. I think this is a piece that many traders are missing. I know I personally always go for the largest accounts and I see now why this is a mistake. Thank you Kimmel.
Woah, I realized I am a conservative risking 0.3% per trade and I am already on my 3rd month trading FTMO Phase 1.. Lol. When I checked my journal, I was not losing more than 4 in a row so I might try this normal approach of 0.5% and 1% until I get to breakeven
🏁 I risk low at key levels, but I will increase my risk to 1%. When im in a trade i make sure to take some profits. I go for $5k to 25k accounts until I prove I can trade with a bigger account. I usually trade in the mornings, but I trade in the evenings if I see a key level has been hit.
🏁 i was thinking of trying a funded account challange and you made this video at the right time. I was thinking of 1% per trade and as per your suggestion i might just go ahead with it. Thanks alot for this valuable video. Keep up the good work.🎉
New sub here due to the super high quality content Kimmel is producing Risk management once you are consistently profitable is one of the 3 pillars most people will never realize and he is giving it all away for free! Please clarify for those of us who do not know .. is the 1% from the drawdown or total account size ? Meaning 1% of max drawdown to risk or 1% of total account size ? Thank you for clarifying
Great stuff as always! Normal approach seems suitable for my style tbh. But I have never seen this approach as per week. I always used 1-2% risk per trade when I am in profit and 0.5% when I am in loss. But this weekly trades formula seems more efficient. Thanks for the video 🏁
Kimel is bursting my brain ... I take only 1 to 2 trades per week.. and I'v been profitable so I'm thinking of using 2% per trade ... I love you kimel from 🇳🇬
Whats the difference apart from volume from trading a set percentage of 100k account compared to a 200k account when the risk is still the same percent ?
Translating this to futures firms or firms that have different dd levels - would you say it another way that aggressive gives you 4Ls in a row at starting balance to fail (so in other words DD level to failure divided by four trades equals your risk) and normal is 8-20 trades to failure from starting balance? I think you are basing this on FTMO’s 10% dd and the firms I use have much less dd. Pretty sure that would be the conversion though 🤔 someone please fill me in if that’s incorrect. Thank you for another excellent video.
I will definitely use the "normal" route. I have just passed my first challenge(10k) after back testing and forward testing for 6 longgggg hears! Love the formula!🏁
I get what you're saying but it is slightly misleading saying 0.25% or 1% risk per trade because this is based on the Account size which is meaningless. It is 0.25% or 1% risk out of the total 10% allowed. What you really mean is 2.5% or 10% risk because you need to work it out based on the max drawdown.
Very much appreciated! I'm not profitable, yet, and still only on demo/paper accounts. But I know that "normal" would be the way for me regardless. 1% max! 🏁
Percentage risk = stoploss, not a good idea. Either it's too small that is guaranteed loss, or too large which means too small profit. Instead, learn how to scale in and out depending on how the trade develops. Notice that very few professionals use stoploss, they hedge their risk instead.
Thanks for the analysis! 🔍 Need some advice: 🙏 I only have these words 🤔. (behave today finger ski upon boy assault summer exhaust beauty stereo over). I’d be grateful for some help. 🙌
Appreciate it for publishing this! Looking for guidance: My wallet on OKX contains some Tether USDT, and I know the SEED: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. Could you suggest how should I go about moving them to Coinbase Exchange?
Thanks for sharing such valuable information! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How can I transfer them to Binance?
Olá! Na tua opinião qual a melhor escolha para uma primeira conta financiada? Comprei um desafio na PipFarm por 25€ para uma conta de 5.000€ mas não estou a gostar que tenha um período de inactividade… :(
Remember tho in a 200000 account they just allow you to lose 10% of it which is 20000 this mean you are actually better to just focuse on having 20000 even after passing that challenge they also ask you to get almost 13% win for them which is perfect if you do it but its easier to lose that 10%
Great information sir , i would like to try the Normal approach method on a 10k account with 0.8% risk per trade and after passing the phases I change the risk percentage from 0.8% to 0.5% per trade with consistency in live acc🏁🏁🏁
Thank you for your advice! I have 01 matter as below: Aug 05 2024, I have owned the funded account and in the first day : I lost 18 trades with the risk / pertrade : 0.25% and the daily drawdown: -4,6%. a. How can I do in otherdays of this week? b. Can I relax & stop trading this week and wait for next week? Thank you!
Take SL to 50 % trailing as soon as trade goes into your profit area that way you can take 2 SL in the cost of one 🏁 ( it depends on your strategy also ) 🏁🏁
Very helpful. I'm buying a cheap $5000 account and test this out. I'll use the Normal approach, 0.5% - 1% risk per trade. Wish me luck guys!🏁
Good luck
@@Vsionnerry Thanks!
You need a strategy that works also otherwise this wont matter.
Wtf there are demo accounts on ftmo
Good luck
Normal approach for me , 2% - 2.5% risk per trade. great video.🏁
You should try out Humble Funding, they allow up to 25 PA’s and you can request higher payouts, they also have the lowest profit targets ive seen.
Thanks , from my demo challenges 0.5%-1.5% worked for me , I've passed in 3 days 🏁
i still remember ur old risk management video it was like 30 mins long but it was huge value, i recommend everyone to watch it
Thank you! Yeah!! I put so much time into that one!
🏁What i am using right now is: Just 1% (which actually fits your "normal" formular) passed stage 1 with that. Now in stage 2 i will keep 1% but if i get to 50% of the max DD which is -5% (10% max DD) i reduce the risk also to 50% = 0.5% risk for me until i am back to breakeven on the acc, at that point i go back to 1% risk 🏁
Wonderful strategy 🎉
Your content has really levelled up... Cheers best wishes for future
facts
You should try out Humble Funding, they allow up to 25 PA’s and you can request higher payouts, they also have the lowest profit targets ive seen.
soo true, I risk 0.20% per trade due to this I take 4 Months to pass Phase 1 of 10K Account. Now I Understand how I Change my risk Approach acc. to equity curve. thanks Kimmel🏁🏁
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
Thanks for this man. I went super aggressive with my first funding challenge and passed it first try in just 4 days. I knew I had to limit my risk going forward to my first payout and was unsure about how to do it.
You need a good strategy, be patient and only take the best setups and not over trade.
You have changed my break even by risk management 😊😊❤
You should try out Humble Funding, they allow up to 25 PA’s and you can request higher payouts, they also have the lowest profit targets ive seen.
This is the best risk management video i have ever seen. thank you for the video
The normal is the most reasonable option at any time. 0.5% - 1% puts enough buffer.
If I can add one thing here, it is once an account is below the starting balance, risk 0.5% then when BE or above the balance, you can risk 1% again and it will still make sense.
Well done giving explanation and suggestions. A lot will benefit from it kimmel 🏁
Great Advice! Thanks 😀
Great video. I needed to hear I need to risk more. I usually risk too little
You should try out Humble Funding, they allow up to 25 PA’s and you can request higher payouts, they also have the lowest profit targets ive seen.
🏁 thanks for the video, I was going with the normal approach 0.5-1% until now and that's how I'll do it from now on, it seems to be the best for me
🏁 Normal risk my criteria, thank you for the very informative video
Exceptional content. I think this is a piece that many traders are missing. I know I personally always go for the largest accounts and I see now why this is a mistake. Thank you Kimmel.
🏁 I use between 0.25-1 percent risk. 1% is my max. When I go over that amount, I tend to blow my challenges.
You should try out Humble Funding, they allow up to 25 PA’s and you can request higher payouts, they also have the lowest profit targets ive seen.
Woah, I realized I am a conservative risking 0.3% per trade and I am already on my 3rd month trading FTMO Phase 1.. Lol. When I checked my journal, I was not losing more than 4 in a row so I might try this normal approach of 0.5% and 1% until I get to breakeven
You should try out Humble Funding, they allow up to 25 PA’s and you can request higher payouts, they also have the lowest profit targets ive seen.
🏁 I risk low at key levels, but I will increase my risk to 1%. When im in a trade i make sure to take some profits. I go for $5k to 25k accounts until I prove I can trade with a bigger account. I usually trade in the mornings, but I trade in the evenings if I see a key level has been hit.
It's a beautiful approach
really great video man, great way of gaming the system
Thank you for sharing. I plan to use the aggressive option to pass a challenge.
You should try out Humble Funding, they allow up to 25 PA’s and you can request higher payouts, they also have the lowest profit targets ive seen.
🏁 i was thinking of trying a funded account challange and you made this video at the right time. I was thinking of 1% per trade and as per your suggestion i might just go ahead with it. Thanks alot for this valuable video. Keep up the good work.🎉
Was very helpful ❤
Normal risk management is the raisonnable 🏁🏁
Thanks for the video!
I'll be going for the normal risk management approach. 🏁
You should try out Humble Funding, they allow up to 25 PA’s and you can request higher payouts, they also have the lowest profit targets ive seen.
I would go for the Normal approach, 0.5% - 1% risk per trade as I see this is what suits me best 🏁🏁
You should try out Humble Funding, they allow up to 25 PA’s and you can request higher payouts, they also have the lowest profit targets ive seen.
Thanks for the video. Very helpful. I'll go for the Normal approach, 0.5% - 1% risk per trade. 🏁
we heard u
did you get funded?
Normal risk management 1% on the challenges till I improve. Great video 🏁 Thanks
New sub here due to the super high quality content Kimmel is producing
Risk management once you are consistently profitable is one of the 3 pillars most people will never realize and he is giving it all away for free!
Please clarify for those of us who do not know .. is the 1% from the drawdown or total account size ?
Meaning 1% of max drawdown to risk or 1% of total account size ?
Thank you for clarifying
Thanks dude ... imma try it on my futures prop firm 😅
You should try out Humble Funding, they allow up to 25 PA’s and you can request higher payouts, they also have the lowest profit targets ive seen.
Great stuff as always!
Normal approach seems suitable for my style tbh. But I have never seen this approach as per week. I always used 1-2% risk per trade when I am in profit and 0.5% when I am in loss. But this weekly trades formula seems more efficient. Thanks for the video 🏁
I'll be using a normal risk managment approach with 0.5%-1% risk per trade, since I have never made money in the markets before. 🏁
🏁 Going to be on the normal route, risking 1% per trade, to try achieve first funding and pay out. Amazing video kimmel thank you
Brother kimmel is making trading simple, one video at a time 🏁
do you know you add value... thank you so much....
I needed this. Prayed before I could purchase a challenge, God brought me here
damn beautifull!
Did you clear the chllanege?
Thanks mate
Kimel is bursting my brain ... I take only 1 to 2 trades per week.. and I'v been profitable so I'm thinking of using 2% per trade ... I love you kimel from 🇳🇬
Please which prop firm challenge did you take, have there been payouts?
I'm seriously considering taking up one.
Doesn't apply to futures props. The risk percentage has to be based off your max drawdown. Not the account size. More like 10% of drawdown per trade.
Perfect to frame my trading journey 🏁1%
Thanks for the explanation ... For me I will go with the normal approach 0.5%-1% 🏁
Whats the difference apart from volume from trading a set percentage of 100k account compared to a 200k account when the risk is still the same percent ?
Translating this to futures firms or firms that have different dd levels - would you say it another way that aggressive gives you 4Ls in a row at starting balance to fail (so in other words DD level to failure divided by four trades equals your risk) and normal is 8-20 trades to failure from starting balance? I think you are basing this on FTMO’s 10% dd and the firms I use have much less dd. Pretty sure that would be the conversion though 🤔 someone please fill me in if that’s incorrect.
Thank you for another excellent video.
hello, is it must to put stop loss in High Stake 2 phase challenge in the 5ers propfirm? or can you control it manually?
Normal risk management (0.5%) is ideal for me.
Great analysis. Am trying 1% per trade but divided by 2. So i will have two positions of 0.5% each🏁
Normal formula with a risk management of 0.5% and half every time I loss 2 trades until I recover half of what I lost.🏁
🏁 I'll be using the normal approach. Thanks for the advice
I will definitely use the "normal" route. I have just passed my first challenge(10k) after back testing and forward testing for 6 longgggg hears! Love the formula!🏁
6 months?...been doing it for nearly 2 years
You should try out Humble Funding, they allow up to 25 PA’s and you can request higher payouts, they also have the lowest profit targets ive seen.
Are you blind he said 6 years
I get what you're saying but it is slightly misleading saying 0.25% or 1% risk per trade because this is based on the Account size which is meaningless. It is 0.25% or 1% risk out of the total 10% allowed.
What you really mean is 2.5% or 10% risk because you need to work it out based on the max drawdown.
AMAAAAAAAAAAAAAAAAAAAAAAZINGGGGGGGGGGGGGG!!!!
Videos are on fire 🔥lately, material being shared is top quality 👌. Muito Obrigado.
Very much appreciated! I'm not profitable, yet, and still only on demo/paper accounts. But I know that "normal" would be the way for me regardless. 1% max! 🏁
Percentage risk = stoploss, not a good idea. Either it's too small that is guaranteed loss, or too large which means too small profit. Instead, learn how to scale in and out depending on how the trade develops. Notice that very few professionals use stoploss, they hedge their risk instead.
I just go for 0.3-0.5% because Iam up of 5.7% in P1 actually. I don’t want to go back to 4% etc. So it’s more easy for me to hit a Los of 0.5 or 0.3 %
Thank you for sharing; it is very informative!! I will try a 5k account with the normal strategy; it suits me. 🏁
🏁 definitely going for the normal one 😎
Good approach
Isn't FTMO has a 1% hidden rule that if you risk more than 1% they won't allow you to have an funded account as it seems to be a one lucky trade risk?
the normal one for sure 🏁
Thanks for the analysis! 🔍 Need some advice: 🙏 I only have these words 🤔. (behave today finger ski upon boy assault summer exhaust beauty stereo over). I’d be grateful for some help. 🙌
🏁 Agressive, with smaller challenges
🏁the 'normal' risk management 🙌🏁
Will surely be going with the normal path, with the 5k or 10k account am going to win.
And surely sticking to the % I get from the formula 🏁
🏁Aggressive approach for me since i get very few trades each week.
I'm aggressive way to pass in challenge, but in funded account i'm normal way... sometimes aggressive too...🏁
You should try out Humble Funding, they allow up to 25 PA’s and you can request higher payouts, they also have the lowest profit targets ive seen.
Very informative, thanks man
Thx man I’m I get payout just because of your videos ❤
I passed phase 1 as normal trader and went to 4months of lossing streaks 😢but haven't failed yet bounced from -8% DD to -4% now
🏁 1% per trade
The normal risk 🏁will work for me thanks a lot.
Appreciate it for publishing this! Looking for guidance: My wallet on OKX contains some Tether USDT, and I know the SEED: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. Could you suggest how should I go about moving them to Coinbase Exchange?
Thanks for sharing such valuable information! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How can I transfer them to Binance?
Olá!
Na tua opinião qual a melhor escolha para uma primeira conta financiada?
Comprei um desafio na PipFarm por 25€ para uma conta de 5.000€ mas não estou a gostar que tenha um período de inactividade… :(
I will use normal risk management on my prop firm challenges 🏁
🏁 NORMAL RISK MANAGEMENT 🏁 Love ur vids btw Kimmel
🏁 Normal at the moment but, planning to try other 2 risk management in the future... let see how I feel on each one :)🏁
Remember tho in a 200000 account they just allow you to lose 10% of it which is 20000 this mean you are actually better to just focuse on having 20000 even after passing that challenge they also ask you to get almost 13% win for them which is perfect if you do it but its easier to lose that 10%
Thanks for this video man
Man 10s of thousands are enough money for most of us to prove ourselves and fly like kings from there on...
🏁 i do the normal aloweys and my edg gives me from 2 to 5 trades per week and i only risk 1% and 2R for every trade i take
I would go for the Normal approach, 0.5% - 1% risk per trade as I see this is what suits me best for my trading style🏁🏁
You should try out Humble Funding, they allow up to 25 PA’s and you can request higher payouts, they also have the lowest profit targets ive seen.
🏁 i will be using normal risk management from now it perfectly suits me
🏁I’m from sa so conversion rate makes challenges a bit pricey so I’m using the NORMAL risk management on a $6k acc.I got this.
What do you mean by risking 1% do you mean using 1% of the account?
Great information sir , i would like to try the Normal approach method on a 10k account with 0.8% risk per trade and after passing the phases I change the risk percentage from 0.8% to 0.5% per trade with consistency in live acc🏁🏁🏁
Thank you for your advice! I have 01 matter as below: Aug 05 2024, I have owned the funded account and in the first day : I lost 18 trades with the risk / pertrade : 0.25% and the daily drawdown: -4,6%.
a. How can I do in otherdays of this week?
b. Can I relax & stop trading this week and wait for next week?
Thank you!
Take SL to 50 % trailing as soon as trade goes into your profit area that way you can take 2 SL in the cost of one 🏁 ( it depends on your strategy also ) 🏁🏁
You're the best
🏁will go with the normal approach
you have to do some formula for thw swing traders, who take also 1 trade for week
thanks much am on my way to purchase FTMO account and i have this video helpfull thanks much
Traders who have been losing for years straight Rn: 👁️👄👁️
😂
That's why it starts with if you're not profitable focus on being profitable 🙂
good video!
Very powerful 🔥🙏🏽
🏁I would use the normal risk management as I am a normal trader with normal stats. 🏁
🏁 Normal does not make money, so I'll go with the aggressive one.
Agradecido pelo diagrama. fiquei agora a conhecer o teu canal não sabia que és Português 👍