If you have no edge in the market that can get you to the point of winning at least around 50 % of your trades, you are probably going to only breakeven over any series of trades, assuming you still
implement a risk reward of at least 1 to 2.
If you actually do this with discipline, by only taking obvious price action setups and rigidly
implementing a risk reward of at last 1 to 2, you will become profitable over a series of trades.
Not exact matches
When you begin to view each trade setup as just another execution of your trading edge and effectively
implement position sizing and
risk to
reward scenarios, you will also be managing your emotions because you know your possible
risk and possible
reward BEFORE you enter the trade, you then set and forget the trade and therefore there is nothing to become emotional about.
After reading your article I plan to
implement your style of
risk to
reward in my own trading.
When you begin to view each trade setup as just another execution of your trading edge and effectively
implement position sizing and
risk to
reward scenarios, you will also be managing your emotions because you know your possible
risk and possible
reward BEFORE you enter the trade, you then set and forget the trade and therefore there is nothing to become emotional about.
If you know your strike rate is between 40 - 50 % than you can consistently make money in the market by
implementing simple
risk to
reward ratios.
Other than being able to control your emotions and remaining disciplined enough on a consistent basis to not over-leverage or over-trade and
implement proper
risk reward on every trade, the biggest variable that can influence your trading success is whether or not you know what your edge is and when you should trade it.
Note: When first
implementing this «specialist» trading approach it might be best to just aim for a strict 1:1
risk reward ratio just to build a little confidence and build your trading account up a little.
During this webinar, I will share with you how you can use pullback strategy to
implement a good
risk to
reward ratio swing trade.
It will also help companies who wish to switch to renewables by providing guidance on selecting and
implementing the best approach to utilizing renewable power, and information on the financial implications,
risks and
rewards of different options.
In fact, if managed correctly, and tried - and - tested
risk management strategies are
implemented, the landlord - tenant relationship can be a mutually
rewarding one.