Best of Risk Management · Part 1
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- Опубліковано 21 тра 2024
- EP 188: Best of Risk Management · Part 1
After sifting through the archive of near-200 episodes, I’ve compiled some of the best bits pertaining to risk management. As there were many bits I deemed fitting for a ‘best of’ episode, it made sense to split the compilation across two parts-this is part one, and part two will follow next (Episode 189).
The idea behind creating this compilation, is to reinforce the instrumental role that risk management plays in a traders’ ability to stay in the game. It can also serve as a go-to reference for anytime you find trading loses getting out of hand.
One other reason, is to highlight some past interviews which you have missed or skipped over. If you’d like to hear the full interview with any guest featured, you’ll find the link in the comments below.
43:08 funny how SBF said we need to beware of exchange hacks. 😂
Lol prophetic
Aaron, the modern day Jack Schwager, keep up the good man we owe you.
Amen!
Insane that this content is virtually free.
Some of the best learnings i 've got through him
@@harshadmainkar4077 8893
Well said! I don't know what it is about Australia but they have a fantastic trading base.
Bankman-Fried was crystal clear about it!! The first risk for them was "the risk we don't make much money" and the second one to "be careful where we are putting our money". After that, he was sentenced to 25 years in prison for fraudulent actions against customers and investors.
I’ve got to admit. Last person was spot on.
Love to listen to this podcast with my eyes closed and image the geico lizard interviewing traders. 😂
Bahahahaha
This made my day. Never will i be able to listen to CWT the same again.
Sean Trotter this is what I see when I listen to the podcast ua-cam.com/video/S0AczNpo944/v-deo.html
@D P 😂😂😂😂
Yo, that's funny
Dan - " I will bankrupt your whole lifeline and take the food outta ya kids mouths if you are trading improperly" LOL
I come back to this over and over. We need a risk management 3!
Dan Shapiro is by far my favorite on this one! So relatable.
Great job with the videos! Thanks for your contribution to the trading community. Keep up the good work.👍
I absolutely love these videos.
For better risk management, you're advised to invest the same amount of money everytime you trade. Make this amount a specific proportion of your capital under management. Lets say if you choose to risk 3% of CUM, make sure it is constant.
My recommendations on Risk Management, drawn from my personal favourites:
Most traders look for quick money instead of smart money. The ability to be patient is extremely underrated. Let the opportunity come to you instead of always chasing it.
I don't mind some quick cash right now. I've been trading all by myself but can't seem to make any headway.
40:39 Believe me, this is what it all boils down to: Entering trades that are Risk Defined!
Also 49:52
I disagree on 40:39 I use a negative RR and I’m very very profitable! There is no right or wrong in trading, what works for you works
So here's SBF talking about risk management ... :)
Risk management is Holygrail of trading!
Back in my day to talk to the pros was amazing if you got that chance. We didn't have the internet or youtube like we do today. This is the greatest channel for any trader wanting to see the many perspectives from the some of the best traders. Great content
Man, these compilation episodes on risk management and trading psychology (especially risk management) are absolute gems!!! My guy🙌🏼
Aaahhhh, the irony of Sam Backman fried on a show about risk management.
These podcasts are very informative. I listen to them often, thanks.
I am constantly repeat listening this one. We owe you a big favor for airing this incredible episode.
Aaron, another one of great episodes. You are doing a tremendous service for the trading community.
Everyday I listen to one of the episodes of ‘Chat with traders’. Your work is highly appreciated and it was perfectly mentioned in the interview of Mike Bellafiore, where he appreciated the work you are doing for the trading community. Please keep doing this great work.
Fantastic podcast Aaron, thanks for putting together this compilation!
Thank you so much for this series, Kid, much much appreciate it!
thanks for taking the time to edit these compilations of highlighted information. I already listen all the way through the two psychology ones. thank you so much, they have been very insightful.
Keenly awaiting Pt 2, I've already listened to this twice. Keep up this great content 👍
Great episode to return to. Topic extraction is so powerful.
Brand new to this channel. These risk management videos are AWESOME for my psych. Thanks. I really appreciate the “compilation”.
I really enjoyed the Dan Shapiro part, in fact all the clips were fantastic, but his NY accent and the direct numbers he gave were awesome.
Fantastic Aaron! Thanks for the good work and effort
Totally sound and grounded insight, much appreciated 🙏🏻
Chat with traders is my favorite podcast about trading definitely,you are doing GREAT JOB Aron!!!
I appreciate your comment. you can contact my broker for more knowledge and assistance on trading.
+. 4. 4. (7.8.6.8). 7. 2. 1. 0. 5. 1 WHAT$@PP
Full episodes, in order of appearance:
128: Andy Kershner - Risk Tolerance, Daily Habits, Trade Critiques
ua-cam.com/video/6nuEHhTozsE/v-deo.html
085: Blair Hull - Know Your Edge, Exploit Your Edge-Survive the Game
ua-cam.com/video/bt2N7rUFzTM/v-deo.html
082: FuturesTrader71 - How to Become the Trader You Wish You Were
ua-cam.com/video/woT6d7xUtOs/v-deo.html
122: Doug Cifu - Virtu. Hitting Singles All Day Long-On a Global Scale
ua-cam.com/video/LsAyeB1J0ec/v-deo.html
076: Saul Knapp - Insight From a Former-Risk Manager of 120+ Prop Traders
ua-cam.com/video/3AQ8_ELXDOc/v-deo.html
066: Dan Shapiro - Blocking Excess Noise, Establishing Your Process
ua-cam.com/video/E6p-2BMtZVg/v-deo.html
177: Sam Bankman-Fried - Leaving Wall Street, Entering Crypto Chaos
ua-cam.com/video/gSDk5PAJss4/v-deo.html
080: Anthony Crudele - One Traders Volatile Path From Zero to Hero
ua-cam.com/video/lKbWxrRHMos/v-deo.html
This was great, scaling in and adding on confirmation and mask risk.
Aaron, your content is certainly the best in the space
This compilation is top notch. Shared.
Aaron, mate, great video episode. Risk management is soooo overlooked
Thanks so much for this valuable collection of perspectives on managing risk. P1 and p2 thank you, new subscriber.
You rock Aaron! that is a nice helpful compilation.
Great stuff as usual Aaron , thanks
This information is priceless. Thanks guys
Lots of great ideas here! Thanks!
Thanks so much for this compilation,, you really do bring some of the best material for traders. Keep up the great work and god bless. Peace
I appreciate your comment. you can contact my broker for more knowledge and assistance on trading.
+. 4. 4. (7.8.6.8). 7. 2. 1. 0. 5. 1 WHAT$@PP
Wow this is amazing! You should make Best of Swing Trading next. Thank you Aaron!
could anyone suggest book on swing trading for beginners .
@@daydreamer7432 I'll let you know in while.
This was great. Can't wait for part 2.
Part two is out.
Thank you. So many great advice.
Great video. Good learnings. Thank you.
Love your work man! Always hanging out for a fresh episode!
Nice episode Aaron!!
Excellent......... tanks for sharing!
best ever video on risk management thanks aaron love from India
Nice man, best one ever!!!
Amazing stuff!! More like it. thanks
Last one was what I needed
This channel is amazing...
Thank you soo much for this!
Thanks for this information guys....
want to go broke? went all in! haha
Aroon, Thanks a lot for your great job.
Wow you should be charging for this, thanks great job ! Subscribed
great episide you saved the best for last imo
Love this podcast! It would be awesome if you could interview Real life’s tradings, Jerremy Alexander Newsome!
Thank you dude.
awesome, thank you
You definitely need to make one called the best of options!
Just found your channel... Wow! Very impressed, thank you for creating such great trading content! Will forward to my trading friends! Cheers 🥂😊💹
I appreciate your comment. you can contact my broker for more knowledge and assistance on trading.
+. 4. 4. (7.8.6.8). 7. 2. 1. 0. 5. 1 WHAT$@PP
Dan Shapiro is my damn guy. I love the energy.
Good
General / Technical
1. Position Sizing
OMG, thank you for this sampler I learned so much from Dan Shapiri, I'm going to watch his full episode!
Very informal
Funny, listening to SBF’s vague risk management plan in this, it all makes sense
funny seeing Sam Bankman on this podcast
Thank Aaron
Is lattering into positions the same as staggering into positions?..if it is than me and andy kershner enter the exact same way..i found that when i stagger my entries i can set SL away from market noise..so even if the market turns(whch it always does) i have a sweet cushion,and since ive figured out how to tell he main trend,i enter with high confidence.
49:54 best advice
Almost none of these comments understand how and why risk management is implemented. Convergent trader hit it on the head implementing the same risk reduction model that turtle traders used in their breakout method.
Dan Shapiro part hahahahahahahaha my lord
No way!!! SBF on the risk management episode lol!
Learning about risk from Sam Bankman-Fried 😂 lol.
Everyone had a quantitative way of defining risk and a really detailed explanation aside from SBF. I know hindsight is 20/20, but your biggest risk essentially being reasoned away as you were “unlucky” or “exchange risk” shows how unscientific that whole experiment was.
One simple way, to avoid getting liquidated, is to hedge your position. Go spot long when you are in a losing short. You can take profit either way. And if it keeps going against you then you have a good idea of the trend direction.
@@perkinskurt6147 how do you like your spam?
ohh hahahah sam bankman fried talks about risk managment hahahahahahaha Lovely!!!
SBF on this episode is the come to Jesus moment.
What's "correlated number of shares?" 40:30
I have a question:
With 70% Win Rate, there is 0,00059% of loosing 10 trades in a row.
Why would I risk only 2%, if I risk the same amount every time, or 10% of my total capital per trade, I am mostly safe.
Any thoughts?
My favourite 29:33
🔥
41 minutes the arch criminal Bankman Fried.
Sam bank man fried said” it’s not like we have this machine that will keep printing money forever” lol
I don't know this guy 17:54 but here are something very important
Sam Bankman-Fried seems to have guessed wrong on what his biggest risk was
I worked and listened with my AirPods in.
Wow you are special
SBF just went to prison...he didn't check his risk...
SHOT OUT TO.. “KOBE BRYAN”..... DAN SHAPIRO..!!!!
Who would told us, SBF talking about Risk Management
Soo Nciet
SAM BANKMAN AT 41 MIN... LOL
Andy Kershner, the Elon Musk of trading 😊
You should do a podcast on your interview with Sam bakeman-Fried. Now looking back, you can see everything he was saying was completely lies! He had no basis of good trading or management. It all was a scam.
i just skipped SBF lol
40:46 aged well
he looks like elon musk's twin brother xD
15:00 min, 27:00 min, stay humble but be like a killer when trading, don't be a putz trading minimise loss. 44:30 min .
Lol maybe it's time to remove Sam Bankman-Fried from this episode 😆
Ovaltine...what's the deal with that? they should call it roundtine