Hey hey, what's up my friend, so in today's episode I want to share with you five simple and effective ways right: five, simple and effective ways to save your trading account. So I get it right most of you watching this video, your your account is probably in a rate right now, maybe you're it. You know losing four months or even years. Maybe you have blown up multiple trading account.

Why is this happening to me? I get it right, so let me share with you five techniques that you can use right. That could save your trading account. I can guarantee you're gon na be a profitable trader. I can't guarantee you couldn't make money next month next year, but what I can assure you that if you follow these techniques right, there's a good chance of you know stopping the bleeding of your account so number one: half a stop loss in place, half exit in Mind have a predefined point on a channel where, if the price reaches it right, you will exit the trade, meaning that you know you're gon na be wrong in a trade half a stop loss in place.

That's it right, because once you have a stop loss in place, once you have a plan for an exit, then the damage is continue. The market can't take any more from you because you have contained the damage so often right traders, the only thing about the entries they don't think about what if the market goes against them, how would they handle the trade they don't think about that. So the only point when they exit the trade is when there is no more funds left in their account when the broker, you know manually and closed the position for them, that's how they exit their traits and that's why so many traders go belly-up because they don't Take control of their exits, so the more 1/2 a plane exit in place right. There could be using a stop loss or there could be you know, doing some rebalancing or if you're trading stocks any, I think, that's more advanced stuff, but basically have a plan exit in place.

That could be stop-loss number two. You want to risk a fraction of your trading capital on each trade. This is especially, we are trading leverage instrument like Forex futures, so you you can have a plane exit in place, but what's the point of having a stop loss, if the price is just stop-loss, you you blow up like 70 80 percent of your capital. I would say that is pretty much silly right, because it's gon na be very difficult right to claw your way back up when you have lose 70 80 % of your capital.

So my suggestion is that whenever you put on the trade - and if that trip saw was, if that trait you know, goes against, you make sure that the loss on that tree is not more than 1 % of your capital. This way, you sustain 10 losses. 15 losses, 20 losses, guess what you're still in business. You still can't rate your way out of the drawdown, but if you are risking, like you know, 20 %, 30 %, 40 % of your economy is tree.

Then it's a matter of time before you. You lose everything, look more and more okay. I know some of you are gon na say you know already know, but if you use you know, fixed fractional position, sizing or I even here is your - is 10 % 20 % on each trait you'll never go to zero, let's not go down there. I know you, I know you're a smart guy right, but my point being is that the more you risk on each trade right the heart is, it could have to be the harder it is to be clawing your way out of a drawdown.

So that's my point. Okay, so number three stop every G into your losses, so I get in right. You know this is a thing that I do myself went in my early years of training. When I was trading stocks right know, the broker will call me hey trainer.

You know your current position on Simchat Marine has wind against you right. Tell you what I think you should buy. Another 2,000 shares more right. This way.

If the price goes up $ 0.10, you can get all that breakeven. So that point I was thinking yeah. They can make sense right, never buying, ah mm cheers of seven cup Marine. He goes up tension I could get out at breakeven.

Instead of we don't waiting for the price to go up to 20 cents or 30 cents, so yeah then uh. That line is sexier. You only meet for the market to go up a little bit to get out and break even or even to make a profit. I guess what the market has a funny way of doing things that deal the most damage to you.

Instead of going up 10 cents, you drop another 30 cents and now you're even bigger in the rip. Okay. So so don't ever change your loss. I mean if you know what you're doing, if you're in a bunch trader fine, you know everything your losses, because that is part of your trading strategy.

But if you're new to trading, you have no idea what you're doing don't average into your losses right. The losses are, I will snowball, even bigger, even faster, okay number. Four. The fourth thing I wan na share with you is: have a trading plan so before you put on the trade before you put on an investment, have a plan right.

What if the market moves in my favorite, how will I exit the trade? Will I be using a trailing, stop loss or do I you know? I take profit target in mind now? What if the market moves against me? Where do I exit the trick right? Will I you know exit if he breaks apart well, I exist when he hits my stop-loss. Well, I exit. If you know it closes the previous deal. Oh and stuff, like that, half a trading plan have a plan right.

That tells you what to do right in any market circumstance whether the market goes in your favor, where it goes against you, you have a plan for it. This way, nothing can break you, because you have a plan, make sense and finally number five as a trader. All right, you must have a niche in the markets right, I mean the only way you're gon na make money consistently in the long run. So many of you might not agree, you know, oh no rain, you know what what is a niche and it's just you know simply having a minimum of a one to two risk reward ratio.

You know risking one two percent on each trade. That's my age! I'm afraid not that's, not an age in the market and age in the market is something that you do repeatedly over time. That will you a positive expectancy, but that will yield you a positive results. Take, for example, you go down to the nearest casino in your place.

You can go down with the best risk management. Maybe you bet 1 % of your capital on inch bet. You bring down a fantastic psychologist with you to help you up right. Give you the best discipline, the best psychology, I guess one, the longer you stay at a casino the longer, or rather the more you lose money over time.

That's because the casino has an edge over you. The house has an edge over you. Despite of the risk management video using despite of your discipline, despite of your psychology, all of that don't matter if you don't have an edge over the house - and this is the same for trading now - you must have a niche in the markets right. You can be using proper stop-loss, you can be.

You know, risking 1 % of your con on history. You can be very disciplined in your rules, but if you don't have any in H in the markets, then you suffer death by a thousand cuts. Where your account just slowly bleed. You know trade off the trade on do it.

You know lose 90 %, 80 %, and you give up and that's it and you're wondering you know, trading the scam or it doesn't work. Well, that's because you don't have an H in the markets. Okay, so that's important as well. Right! Don't forget that so a quick recap number one all right always use the stop-loss always have a planning Z ahead of time before you even put on a trade number to reach the fraction of your capital on each trade.

So this means that if any of you got stopped out right, the loss right one, you know, put you down 50 or 60 percent right underwater number. Three right. We don't know what you're doing don't averaging two losses. Number four: half a trading plan right.

The market moves in your favor. It moves against you. If market conditions change, you know you have a plan for it and finally number five: you must have a niche in the markets, so we that's it. I wish you good luck and good trading.

I will talk to you soon. You.