Kardec TraderFutures Trader. Creator of The Midas Touch. Mentor

Trading in the new year is tough …

5 Dec 2023 · 1 min

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0:45

Kardec Trader explains why starting a new trading year is brutal without a profit cushion. His strategy: rebuild slowly with small wins (2k, 1k, 3k, 2k trades) before risking bigger amounts. In 2021 after a million dollar month, he was risking 20-50k per trade by September, a riskier position.

Questions this video answers

2k, 1k, 3k, 2k.

Around 6k per trade (increased from earlier smaller amounts).

2021, in September–October.

A "million dollar month."

He would be in a 50% drawdown.

Chapters

If I start off a new year, that's when I have the toughest problem. Because during a new trading year I don't have a cushion, I don't have a bankroll management. I'm not sitting in any sort of profits for me to go and risk 10k. 10k, 10k. Because if I have five trades, I'm in a 50% drawdown. When I start out the year, a lot of it is just me building some sort of cushion. Be a 2k, 1k, 3k, 2k. And then maybe in between I find a trade that's good. But now my risk is still not going to be 20 grand or 30 grand a trade. It'll be maybe 6k, it'll be increased. Something that I can swallow up at that current time. But now if you go back to 2021, when I had a really big year, my risk in September, October was like 20 to 50 grand a trade. But that was also because I just came off a million dollar month and I had a trade that did really, really well. So I'm able to take the bigger risk components.