WATCH OUR LATEST EPISODES ON YOUTUBE - http://www.youtube.com/@TheOneLanceB
Here's everything I know about risk management in trading, why there's no one size fits all approach, and how to build a framework that actually protects you from ruin. I cover stop losses, position sizing, the Kelly criterion, wiring out profits, and the psychology behind tilt, FOMO, and overconfidence that quietly blows up even skilled traders. I also get into the offensive side of risk management, why the best traders press hard on A+ setups instead of playing it safe on everything. If you want a real, practical framework for balancing aggression and defense in your own trading, this is the most comprehensive breakdown I've put together.
✅ Join my trading course ➡️: https://theonelanceb.com/
🐂 All free content is sponsored by Clear Street, my broker of choice! https://tinyurl.com/ClearSt-Lance
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🎥 I suggest you watch these next:
What is Expected Value: https://youtu.be/F-ZktuFvk0E
My Interview with Alex Temiz: https://youtu.be/IwH5KOmkzZk
Exponential Bet Sizing w/ Kyle Williams: https://youtu.be/tIB72PAeZLU
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ABOUT ME
If you’re new to my channel, my name is Lance Breitstein. I spent over a decade trading equities at Trillium, setting the record for the highest PNL in a single year as their Top Trader. I trained dozens of traders to become successes while managing Trillium’s Chicago office. With over $100m in verified profits, I now spend my time focused on turning good traders into greats and greats into GOATs. Advisor to SMB Capital and mentor of 7- and 8-figure PER YEAR traders. I am to be profiled in the next edition of Jack Schwager’s Market Wizards.
The journey is never easy. Trading is one of the most difficult, but most rewarding jobs imaginable. I am here to help you on your path, wherever that leads you.
May you want it bad enough to overcome any obstacles.
-(The One) Lance B
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DISCLOSURE Information shared here is for educational purposes only. This is not investment or trading advice. Make your own independent decisions. Full terms: https://theonelanceb.com/terms-of-service/
Chapters:
00:00 What Is Trading Risk Management?
09:09 Risk of Ruin & Drawdown Math
16:06 Defensive Risk Management (Stops, Position Sizing, Wiring Out Profits)
30:22 Offensive Risk Management & the Kelly Criterion
41:27 Trading Psychology & Biases
45:48 Building a Practical Risk Framework
49:35 Final Thoughts
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