You mention a good RR of 3+1!!!

Hard to believe,(consistent) that belongs to the very, very few heroes in trading history....

A consistent 0,5+ to 1 can make you a millonaire in just a couple of years, starting with 1000 bucks..provided you get enough opportunity to play your dice...just do the math or excell....the truth is most make a negative RR, the better ones a" little negative", the real good ones (few indeed) survive and make some nice cash, and the top ones take the pot....

3+1 is dreamland....(unless you are a brokerhouse.)

Hard to believe,(consistent) that belongs to the very, very few heroes in trading history....

A consistent 0,5+ to 1 can make you a millonaire in just a couple of years, starting with 1000 bucks..provided you get enough opportunity to play your dice...just do the math or excell....the truth is most make a negative RR, the better ones a" little negative", the real good ones (few indeed) survive and make some nice cash, and the top ones take the pot....

3+1 is dreamland....(unless you are a brokerhouse.)

There's no one formula to answer the question as everything is risk defined, the best answer is the obvious;losing positions should have been exited long ago. However there are times when you're buying the dip or selling the rip, to borrow the phrase, you enter on what you think is the level or time, only to find price putting you in the rears, what to do? How many times have you been washed and rinsed stopped out only to see price quickly back in your direction and your scrambling to reenter, or the flip side wishing you'd had that stop...Ignored