How I Manage Risk in Trading

Risk management is a vital part of trading and investing, here are some ways that help me keep my risk under control.

You can also connect with me on:
Instagram: @jamesrichyoung

Disclaimer: All information presented in this video and channel is for educational purposes only. Nothing is intended to be financial advice.

[toryrobert]

Risk management, mastering your emotions and a well defined edge are the minimums for success in the markets. you must be ready to lose because if you can’t accept losses, you will never learn how to trade and earn.

[sandstorm]

Phenomenal explanation for why you should learn to accept the risk and move on v/s doubling down until you are out of capital!

[DavisBrown]

*Excellent! I really do have a question. For someone with less than $1000 to trade or above. How would you recommend we enter into trading as a newbie? would greatly appreciate any suggestions*

[oliviabruce]

Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.

[mikelee-kjzg]

This was very helpful insurance is a great way to put it. Free game for all thanks for the content as always

[jdubruyn]

Thanks James.. just yesterday I got the idea risk management should be more dynamic in a sense, but I don't have time to re-invent the wheel right now(hampster wheel is another idea I had recently🤣)Being able to completely disengage/disentangle yourself from trading at will is sooo important - I also figured. A favorite video of mine by Adam Khoo(pretty sure you know this principle too.): Trade Like a Casino for Consistent Profits by Adam Khoo
#Enjoy 🙏💙

[xoxUnDRaThxox]

How can you find gapping stocks before the open? Don't the gaps only occur after the open?

[Infinitytrades]

Good stuff James agreed that we need to be good risk managers

[ChinazaChinaza-ow]

I know nothing about trading/ Investing and I'm keen on getting started . What are some strategies to get started with ?

[michipoo]

I like hedging more with Covered Calls than PUTs. PUTs cost you money, no matter what. A CC generates revenue, and if it expires worthless, cool. If it does not, and you don't want to sell at that strike. On the Friday of that expiration, just "roll" the contract forward a week or two, for the next strike price up. This should provide additional credit, and a higher strike.

The only "downside" to this obviously is if something you're hedging explodes, you can't profit take for a long time as you step up the strike price per week. And, the free money printer (selling CCs) has to stop until they then expire.

[kaiotto]

Real Great Content! wish i could 'love it' instead of just 'like it'....

[JeremyCordero-bvyk]

HI, I am 14 years old and want to trade in stocks, but I am still in the process of learning, my question is what are Order Types?

[chrissmith]

Can u market buy stocks under $1 on E*trade I heard u can only use limit orders on stocks under $1 which is stupid

[AdamWrightfool]

This year could turn out worse. I lost a lot of money last year as a result of poor investing decisions that I would never have made if I hadn't been so concerned about my portfolio. I wasn't sure whether to keep investing or make mortgage payments. After selling my investments, I discovered that the house required more work than I expected. I'm not sure how long I can go on like this..

[ChristopherJChoi]

Most may think Keating was the biggest fool that night, but I like to think he left with buying Neymar's friendship for life.

[enriquerodriguez]

Hello Mr. Young, is there anyway you would consider allowing me to communicate with you? I watched your video on how you became a day trader and I find myself in a very similar position. I've committed the past 22 years to the Fire Service as a firefighter/EMT. I'm looking towards retirement and learning something that I can pass on to my future generations. I have 4 sons and would really appreciate the opportunity to work with you personally please. I am not sure whether or not you are open to that but I would definitely appreciate the opportunity to discuss any and all options.

[tomspeed]

time to find a new hobby- he is unprofitable for years