How To Trade It: Trader Insight from Profitable Traders
Casey Stubbs
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Risk Management Trading Strategy with Robb Reinhold
In this conversation, Robb Reinhold discusses the importance of risk management in trading and shares his personal journey in the trading world. He emphasizes the need for self-awareness and training the brain to make rational decisions in high-pressure situations. Robb also introduces his YouTube channel, the Flat Earth Trading Society, where he explores the significance of exit strategies in trading. Additionally, he provides information about Maverick Trading and Maverick Currencies, prop trading firms that back traders with capital. Takeaways Risk management is crucial in trading and involves making correct decisions based on a trading plan, especially when faced with adversity. Training the brain and developing self-awareness are essential for successful risk management. It takes time and experience, typically around five to seven years, to master risk management in trading. Exit strategies are just as important as entry strategies in trading, and the Flat Earth Trading Society YouTube channel explores the significance of exit strategies. Maverick Trading and Maverick Currencies are prop trading firms that provide traders with capital and support. youtube: https://www.youtube.com/@FlatEarthTradingSociety https://mavericktrading.com/ Chapters 00:00 Introduction and Background 03:23 The Importance of Risk Management 07:09 The Difficulty of Implementing Risk Management 10:03 Developing Self-Awareness and Training the Brain 13:15 The Time it Takes to Master Risk Management 20:44 The Relationship Between Risk Management and Strategy 25:34 The Flat Earth Trading Society YouTube Channel 32:21 Future Plans for the YouTube Channel 34:03 Maverick Trading and Maverick Currencies 36:14 Conclusion Grab your copy of the Complete Trading System This book teaches you how to build a trading system from the ground up and how to become profitable in the markets. Support the show Connect with Casey: Website: https://caseystubbs.com YouTube: https://www.youtube.com/TradingStrategyGuides YouTube: https://www.youtube.com/caseystubbs Facebook: https://www.facebook.com/TradingStrategy LinkedIn: https://www.linkedin.com/in/caseystubbs Twitter: https://twitter.com/caseystubbs TradingStrategyGuides.com: https://www.tradingstrategyguides.com/ Global Prop Trader: https://globalproptrader.com/ Email: podcast@tradingstrategyguides.com
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