Rating 0 out of 5 (0 ratings in Udemy)
What you'll learn- HOW TO MANAGE RISK ON CHALLENGE ACCOUNTS
- UNDERSTAND RISK MANAGEMENT IN DEPTH
- HOW TO EXPONENTIALLY GROW ACCOUNT WITH GOOD RISK MANAGEMENT
- HOW TO NEVER BLOW A PROP FIRM ACCOUNT EVER AGAIN.
DescriptionThis is a very detailed course. It teaches the student a well condensed understanding of Risk Management from a psychological perspective and also "account flipping perspective". The course explains the strengths and weaknesses of the …
Rating 0 out of 5 (0 ratings in Udemy)
What you'll learn- HOW TO MANAGE RISK ON CHALLENGE ACCOUNTS
- UNDERSTAND RISK MANAGEMENT IN DEPTH
- HOW TO EXPONENTIALLY GROW ACCOUNT WITH GOOD RISK MANAGEMENT
- HOW TO NEVER BLOW A PROP FIRM ACCOUNT EVER AGAIN.
DescriptionThis is a very detailed course. It teaches the student a well condensed understanding of Risk Management from a psychological perspective and also "account flipping perspective". The course explains the strengths and weaknesses of the popular martingale risk management method.
This Risk Map model is a brain child of mine that was brought to life and nurtured after consecutive prop firm challenge failures. This is a very fine-tuned response to failing prop firm challenges because of wrong or inadequate risk management models.
This Risk Map takes into consideration the very psychological aspect of manual trading and gives you a shield to prevent careless losses and enforces optimum capital protection.
It is built with a standard risk reward of 3:1 and a standard risk of 5 percent per trade. It incorporates a well structured form martingale risk model when above starting equity and incorporates a well structured form of an anti-martingale risk model when below the starting equity. This gives room for maximum profit and aggressive equity protection.
You can simply understand this model and add to your arsenal. You can also adopt it and use it for your upcoming prop firm challenges and funded accounts. You can tweak the rules and risk percentages to better suit your risk appetite but do not undermine the wisdom and cardinal concept of this RISKMAP.