Money Management in Practice | Risk Management Webinar by FuturesTrader71 & Convergent Trading

Enjoy this member-exclusive Convergent Trading webinar about Money Management in Practice.

Hosted for Convergent members on September 3, 2021, we later released this webinar on YouTube due to popular demand to learn more about how to manage risk in trading.

In this Convergent Trading Exclusive Member Webinar, FuturesTrader71 goes through some incredibly important concepts, including:
✔ Money management goals
✔ Money management variables
✔ Relation to risk management
✔ Sizing vs price vs trade management
✔ Coin toss exercise
✔ R factor, overcoming randomness
✔ Sample size and coin toss
✔ Win rate and number of contracts
✔ Static vs dynamic management

Find full event details and notes in this accompanying blog post: https://convergenttrading.com/bonus-c...

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Chapters:
0:00 Intro
2:05 What is Money Management?
6:10 Sizing vs Price vs Trade Management
8:25 Coin Toss Exercise
17:10 Results of the Data
24:10 Equity Curve
31:20 R:R Conclusions
38:32 Determining Risk/Stop Size
45:30 Can Your Win-rate be Less Than 50/50?
51:13 Static or Dynamic Trading Management?

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