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- gojoe replied Jan 25, 2013
I would not consider entering an opposite trade just because I was stopped out. First of all, it is illogical to open a trade in the opposite direction without any signal. Second of all, this type of trading is noisy and messy, in both a ...
- gojoe replied Jan 4, 2013
First, I take 2.5% of my account and find that dollar amount (A $1000 account = $25 at risk per trade) Then I will use $25 as my risk for all trades. This helps unlock the true potential of the Reward:Risk ratio. Once my account grows a significant ...
- gojoe replied Dec 4, 2012
In my style of trading, i set the stop loss at the point of, "if the market proves me wrong, i am out." The only trades i will take are trades that have a good chance of hitting a 2:1 reward/risk ratio. Using a reward/risk ratio is just simple way ...
- Posts by Member Search: 'gojoe'