Professional Documents
Culture Documents
Risk Management
Risk Management
$niper
- The main thing in trading is risk to reward - Do not take anything below 1:2 RR
- ALWAYS risk 1%
- Do not change your risk parameters at all
- You should always be risking the same amount for every trade BECAUSE every trade
you want to take should look identical from the previous one based on your trade entry
model
- You should have the confidence to risk 1% on your trade idea because it matches your
entry checklist
A majority of your losses (depending on the ones w/ adjusted SLs or B/Es) should be
identical amounts
- A way to avoid taking these losses is adjusting your SL and reducing your risk while the
trade runs in your favor
- Personally, I never move my SL to breakeven and will only adjust it if the swing low im
pushing it to is a internal liquidity stop hunt
- I always want my SL placed below/above a stop hunt, these are looked at as protected
swing highs or lows
- The same rules apply to the phase 2 like it was for phase 1 expect for phase 2 were only
risking 0.5% of the account per trade
- 60 Calendar days to complete Phase 2.
- You have 2 whole months to complete this phase and get funded do not fuck this up
- Your max draw down on the account is also 12%
- You literally have to lose 24 trades in a row with 0.5% risk to lose the challenge
If you lose 24 trades in a row with 0.5% risk and lose that shit you're just a bad trader or
someone traded phase 1 for you no way around it.
- Your biggest problem and issue will be yourself when it comes to these challenges
- You won't want to risk 0.5% you'll wanna do 1% to finish it faster
- You're going to let your ego or emotions get the best of you
Both accounts get 0.5% risk and only trade them on high probability trading days
- Never trading mondays
- Only tuesday - thursday past releases of high impact news drivers
- Never looking for counter trend moves
- Always taking trades in correspondence to the HTF orderflow