miketranz
961 posts
msg #158329
- Ignore miketranz |
1/3/2022 4:32:11 PM
There's only two numbers you need know.Where you enter a trade,and what's below it.I look at risk management not only in dollar terms,but in directional terms.If I enter a trade that goes against me,below my entry point(directional),nine out of ten times,I'm going to lose money.The hardest thing to do is scratch a losing trade.In order to stay alive in this game,you can't let your downside risk become more than your upside potential,aka rr ratio.Some of the most successful traders have only a sixty to seventy percent win average.What makes them highly profitable is that they make much more on their winners,than they do on their losers.Its really that simple.You just have to come up with a method that works for you consistently.
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