If i were to ask you what is one area that new traders lack in the most what would you say? Overall I think most of us can agree that a majority of traders are so focused in making a profit they ignore the inevitable, taking a loss! We all know losses suck but it is bound to happen, so here is the idea of the 1% rule i wanted to share with you! Hope you enjoy!
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1. ✅ Have Trading Questions? Text Me: 480-261-6678
2. 📚 Free Techbud Solutions Group: http://bit.ly/techbudsfbgroup
3. 📈Full A-Z Beginner Day Trading Course : https://learnplanprofit.net/
4. 📞Let’s jump on a call: https://www.flippingwheels.net/
5. 🚗New Car Channel: https://bit.ly/2rgBkqD
6. 🥇Beginner Boot Camp: https://bit.ly/2HuojTJ
● FOLLOW ME ON INSTAGRAM!
📸 Ricky's Insta: https://www.instagram.com/rickygutierrezz/
📸 Techbuds Insta: https://www.instagram.com/techbudsolutions/
For those who are interested in Trading & Investing, I encourage you to join Our Free Trading Group of over 220,000!
Thank you for the support, the best way to reach out to me is through our private discord chat, please DM me.
If you have any suggestions for future videos such as Day Trading, Investing, Stock Market, Real Estate, Car Sales, Robinhood, TD Ameritrade, Crypto & bitcoin, Entrepreneurship, Forex, Online Marketing, Online Sales or fun daily vlogs. Please let me know.
DISCLAIMER: Please note that i do not ask for any information. I always encourage our members to trade ONLY what you understand and never based on anyone's opinion. My videos are for entertainment purposes only.any questions to message me as i would love to be a part of your success.
⏰STUDENTS & FIRST RESPONDERS: http://bit.ly/40offLPP
Do you calculate the 1% rule after your profits are added too? 1% of total account(including profits) or 1% of initial account?
I get it. If you keep losing 1% on every trade, you’ll wipe out your account so it’s the same the other direction. If you sell at 1% gains, you’ll double your money as fast as you would have lost it the other way.
Sir , What we can Expact Anual Return in Trading ? What is the Best Return we Can Consider ?
I wish I could double like this video. Thank you brother really good info.
For me 1.38% On 4HR Forex If Somehow I Lose 9 times in a row I lose 12% So 9 Lives. (0.9862^9)=0.8824
Look at all the fucking indicators wow.
1% is great and if you have a drawdown, consider reducing position size
Webull does
Great content. Risk management and position sizing is key! What helped me was changing my mindset in that taking a small loss is good, and that stop losses are doing me a favor. With a great reward to risk calculated BEFORE setting up a trade… you should be edging out in profits over time.
That would be a trailing stop loss Ricky. Learning how to set those effectively for my self. Helps lock in profits with out actively managing positions if they go south.
Hey, new to your page but enjoying the videos. I just started in the Stock Market, right now only Paper-Money on ToS, but doing a lot of research from various traders. Still testing the waters but learning about names, patterns, technical terms and both Fundamental and Technical analysis of stocks. this video today though is a great idea and I'd just like to let you know that it has been implemented with a trading school that I am a member of. at first, it was part of our spreadsheet analysis that we would do on any particular stock or option. the trading school is developing a web-based trading platform that implements their technique and it also includes putting in a Risk system like your 1% idea. once it goes live, hopefully by the end of the year, that's what I'll be using to trade unless I stick with ToS.
Nice..This automatic stop loss would trigger a chain reaction…
Ricky, I really want to help my family cause they are working very hard every day and it hurts to see that. My parents are in their late 60s. I want to make them proud before they pass. I also really want to do stock marketing but many have said that it is very risky. What should I do?
9/24/2019XXXXXXXXXXXXXXXXXXXXXXXXXX
Big dip on NET down over $1 good chance to buy before it jumps back up to $22+
What is the name of broker u use
Type here
As I did not understand in video
Ricky. I want to know that, Did you going to flip your 720s Mclaren or You going to keep it to be your own property?
Had to speed up the video. You're talking sooo slow nowadays.
Webull has this option
TDAmeritrade will let you set up your orders to automatically STOP/TRAIL/LIMIT orders. Pre-set at 1%. Pretty sweet.
My biggest issue when I first started trading, was taking profit too early. Risk management was easy; set a stop and forget it. I struggled with getting out too early when I was green. It threw my entire risk reward ratio out of whack. I would take a couple hundred dollar profit while having a stop loss that would lose me 500, because it would go green and I would get nervous it would pull back on me.
Robinhood has actual stop loss orders now that you can set percentages now
Did you set a date yet?
june calender
I’m an experienced retail trader and I still enjoy listening to your vids. Good job Ricky. 🍀
My commission fee triggered my 1% stop loss
INMD short term target is $30 currently $27.40.
seriously?
Have any of you guys made money in the long run as a living day trading for yourself? Please answer, cause I'm day trading in crude oil self employed and I still haven't reached that stage where I'm making a monthly steady income. I'm at square One. Profit loss profit loss, loss loss. Back to square one.
“Quick little Pnl on the day” lol you gotta love it. *Being sarcastic
Is options better or day trading penny stocks? I’m so conflicted why some ppl lean toward option more then trading penny ??? I’m doing good at day trading penny.
In crypto I use 1:3 stop loss ratio
you can set an automatic stop loss/trailing stop loss through the use of bracket orders on TOS! as soon as u enter a position it can place a stop loss and limit sell with it with your criteria whether it be a percentage, dollar value, or points
Excellent concept and video ricky. This is a great mindset and could show you where you are going wrong. Im still paper trading and think this is something im definitely going to try. I always feel i stop loss a lot later than i probably should
Of course, the 1% rule is well known but some newer traders that are trading 1% isn't enough to even cover the commissions! If you are trading a tiny account or a small account then 1% may not be practical.
I think most new traders get this wrong simply because they don't understand the cost of trading. If your commissions are $5 and you are on a $200 account you are going to have problems! Also, they seem to think to make 2-3% isn't enough and they need to rush it. 2% per day for a month is 40%!!! If you add a compounding management system that is a lot more!