Why Most Traders Fail at Risk Management

Brian's Discord: www.brianleetrades.com/discord
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00:00 - Introduction and Welcome
00:31 - Understanding Risk in Trading
01:22 - Sponsor Message
01:40 - Common Misconceptions About Risk
02:37 - Geometric Returns and Losses Explained
04:22 - Importance of Consistent Position Sizing
06:23 - Early Lessons in Risk Management
10:05 - Tail Risk and its Implications
12:32 - Algorithmic Trading Mistakes
15:02 - Market Psychology and Trading Cycles
16:25 - Dealing with FOMO and Unrealistic Expectations
19:35 - Emotional Challenges in Trading
22:48 - Daily and Position Max Loss Strategies
29:18 - Avoiding Common Trading Mistakes
32:59 - Building a Strong Risk Management Foundation
39:04 - The Value of Community and Mentorship in Trading

[@thewallstreetcoach]

Brian's Discord: www.brianleetrades.com/discord
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[@BrianLeeTrades]

Thanks Kim, good talking with ya!

[@thewallstreetcoach]

Fantastic topic - thank you for sharing all your hard earned wisdom. 🙇‍♀️

[@roberteisdorfer8776]

It’s insane to me that this wonderful episode only has 300+ views so far. You both were wonderful. I can’t thank you enough for these reminders Brian. Sometimes I find myself holding a profitable position too long and allowing it to turn into a loser but, from my tracking I know that if I just took profits consistently at 2R every time based on my style, I’d be very profitable. You have a great sense of detachment that is necessary for profitable trading.

[@thewallstreetcoach]

@@roberteisdorfer8776 glad this episode is landing for you Robert! I agree that I wish more traders would watch this episode and learn from Brian’s genius. Help me spread the word, eh?
What happens if you commit to cutting at 2R? Are you willing to make that happen? 🤞

[@BrianLeeTrades]

@@roberteisdorfer8776 Appreciate that Robert!