PASS PROP FIRMS with this risk management!

Multiple ways for you to approach risk management for prop firms.

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DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational and entertainment purposes ONLY. I'm simply documenting my trading journey so that you have the potential to take ideas and inspiration from the videos that may help you within your own journey. But remember, trading/investing of any kind involves risk. Your trading/investments are solely your responsibility.

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[lol-oqbz]

I risk 1.5% per trade, with a ratio of 1/3, I only need 2 good trades! I have done this for more than 3 accounts, and now I have about $400, 000 under management, which allows me to make good money. Just not hurry and everything will be ok!

[akhmed_fx]

I Risk 0.5% per trade. When I am at a 3% profit, I increase my risk to 1%. However, if I lose that 3% profit again, I revert to risking 0.5% once more. This seems to be the most effective way for me to not lose the challenge and complete it quickly.

[edikanmatthew]

My approach is to risk 0.5% per trade no matter what, if I'm 4% up on the last week, I'll be aiming for 6%, so I'll get an extension, no need to rush things

[gasfeesofficial]

This is probably the best "well-thought-out" video I've seen with regards to this matter! Thank you so much for your careful and thorough reviews! Superb quality content on your channel!

[juicybossfights]

I use a lot size that ensures, if I trade 15 times and lose all consecutively, then I lose the account. I don't plan on losing 15 trades in a row so this helps me manage my risk and emotions. I generally do 1 trade a day. I'm considering making it that i can lose 20 trades instead but first gna see how this plays out. so far I've passed a live account and scaling up to try the next level.
i.e. on a 10k account, with a 20pip stop loss, I used 0.40 lot size. I'm tightening this up to 15 pip SL now so that will be 20 losses in a row before the accounts gone.

[gomesdiogo]

I live in a 3rd world country so what this means is low wages and weak currency compared to usd, basically failing the challenge without retry would be a terrible scenario
I'm doing like this
account
< 0 or between 0 ~ 1% - 0, 25% risk
1% ~ 2% - 0, 50% risk
2% ~ target% - 1, 00% risk
what this management allows you to do is to get to those 2 or 1 last weeks with a lot of drawdown available even if a lot of negative trades in a row came, so you can risk the amount you need to get a TP that would put the account above BE and then just wait
I'm on the third retry, this is working

[fengkas]

thanks a lot!!! i gained new insights on prop firm. slowly to understand the risk of doing prop firm. will be doing it first time. cheers

[andretheG]

ICT also talks about reducing risk when going into a losing cycle instead of going into panic trying to make back losses with bigger risk. I prefer to risk 1% consistently and for higher risk trades I risk less and higher probability trades I would max risk 2%

[zed_]

thank u for this video! exactly what i needed.

[jamesrutterford]

Only thing I’d point out is that how you apply everything mentioned in the video should be largely dependent on your strategy’s RR ratio and win %. If your win % is high, you can afford greater capital exposure (higher trade frequency and higher risk) because the likelihood of high drawdown is much less. RR also factors in because you need to use that alongside winrate to calculate expected capital gain % across x amount of trades, which then should determine your level of capital exposure based on how many trades on average it will take to reach the challenge target %.

[sarkarmusic]

my Earssss!! Cant take this much High quality Knowledge at Once

[telegramtrader]

The very best money management I came across is the "ICT Forex - Money Management That Works" video. Since there is no time limits to prop firm challenges there is no reason to rush to pass any challenge. What any trader need is a very strict protocol to follow that put in place responsability and good habits that garanty success.

[manoloborja]

That f u approach is something to aspire to....

[sylvesterkabine]

Thanks for this video man, it helped me alot.

[ajk]

I only trade D1, and trade 4-6 trades a month .. i use to risk 0.25% still haven't pass the challenge from past 1 year .
now increased to 0.5 and planning to increase 1% , what's your thoughts about it ?

[harryperfors]

This makes perfect sense. And pretty much the way I am approaching it.
I am risking 0.5% per trade, and I aim for 1:1-1:3 RR depending on conditions.
With this, even 1 trade per day will allow me to pass a phase 1 in a month. And this will carry over to when it’s live as well so you don’t need to suddenly change your approach because that can mess it up as well.
I should be able to make 10% every 2-3 weeks provided conditions allow.

[WolfeDRtrader]

Best idea here, if a prop firm gives you a 100k account but has 8 or 10% max drawdown, that means you dont actually have a 100k account. You are only given the drawdown amount %. So in this case you only have 8k or 10k to trade with. risking 1%, you put your prop firm challenge at a much larger chance of ruin. dropping risk to .5% although it will cut your wins in half, itll preserve your capital to the put of 0.005% chance of ruin! best of luck traders.

[calmscientist]

I see that PRX on the wrist. Great choice 👌

[travthatraderr]

Thank you for this 🙏🏼

Gained a new follower via ICT, I appreciate the knowledge !

[maximusfx]

im a day trader i used 0.25% var i passed all of my challenges using this 0.25% var target 1:3RRR RIGHT now im using 0.20% var in my live account right now im up 4.5%