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DAY 7 - Risk to Reward Ratio

alifari Postado 7 Mar  em #Trader's blog #Risk #Reward
Why is that many traders will take a trade with a 100 tick target, get 95 ticks up, move to break even and do nothing else because its a free trade.
Yet if you told them to get out and take a new position with a 5 tick target and a 95 tick stop they will say "Are you out of your mind?"
The point is you have to be flexible in your profit expectations and assess your R/R not only at the time of entry, but also when the trade is running.
In my opinion, it's not about how many pips you make or how…
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Uma vez que não iniciou, não sabemos a sua língua falada, mas assumimos que seja Inglês
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Risk vs Reward

alifari Postado 23 Fev  em #Trader's blog #Risk #Reward
Here is something interesting I read on twitter, the other day:
Why is that many traders will take a trade with a 100 tick target, get 95 ticks up, move to breakeven and do nothing else because its a free trade.
Yet if you told them to get out and take a new position with a 5 tick target and a 95 tick stop they will say "Are you out of your mind?"

The point is you have to be flexible in your profit expectations and assess your risk vs reward not only at the time of entry, but also when the trad…
Ler história completa
Traduzir para Inglês Mostrar original

Uma vez que não iniciou, não sabemos a sua língua falada, mas assumimos que seja Inglês
Por favor, inicie e escolha outra língua para traduzir esta lista.

– ou –

1 Comentários
schweizerkatz avatar
schweizerkatz 23 Fev

You are indeed very correct and TP is just as important as entry and SL. Ideally trader could TP either on price action and/or opposite liquidity levels, but if they try to catch long term trend move there is one reason why they should ignore anything in between as price often give fake/deceiving setups resulting of trader quitting even though target expectations were much further. Also unfortunately from my own experience quitting on price action and re-entering on another can result of missing re-entry and also every entry have its own probability. But long term target is the only exception.

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New Month, New Goals

Daytrader21 Postado 1 Fev  em #Trader's blog #Trading #Discipline #Risk #Goals #Demo Account #Reward
Since we have entered in a new Contest Month I've decided to set new goals for the current month as last time I've managed to destroy my account from the first day. I found out that when I'm trading with the demo account I tend to take unnecessary risk and I enter some trades that I should have never look at them. From now on I want to exercise strong discipline and only take strong setups with a risk to reward ratio at least 1:2. I'm sure that I can find at least 10 trading opportunities for th…
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Traduzir para Inglês Mostrar original

Uma vez que não iniciou, não sabemos a sua língua falada, mas assumimos que seja Inglês
Por favor, inicie e escolha outra língua para traduzir esta lista.

– ou –

2 Comentários
sankit avatar
sankit 1 Fev

Goodluck !! :)

Daytrader21 avatar
Daytrader21 1 Fev

Thanks buddy, good luck to you as well

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