How much can a new SMB Trader lose? #shorts

[jeffislearning]

bella - Is it 500$ or 1000$ these days?; some guy in the back over his stop - 1000$

[ihtfp]

A bump down at a prop firm basically means you’re out of the job.

[sbespn]

I think what they do is start traders out with a Max Daily Stop which equals roughly 1% of their total trading capital, and then traders decide how much of their Daily Stop they want to risk per day, and per trade based on the grade and quality of the setups. So for an A + setup a trader with a Daily Stop of $500 might risk 40%, or $200 of their Daily Stop on that one trade. For lesser trades they might only risk 10% ($50). I know Justin Sperro tells newer traders to never risk more than 20% of their daily stop when starting out, and to never risk more than you have the ability to make (your average winning day) on any given day until you're consistent.

[Steven-T]

B the Story is a great interviewer and trader. Awesome to see these 2 channels come together for this piece, can't wait for the full vid

[KT-zxjr]

Thanks Mike. That would make for an awesome video. "Stops, and Best Practices in Various Market Conditions..."

[gaberoyalll]

Dang this is so awesome B!!! This is the question I was really wanting to know thank u thank you 😊

[bpenguin]

he cut you off ...

"takes time, but over time you can ... something"

[seansean]

Lol my max drawdown is 100$ those guy are generous