Disliked{quote}{quote} If they have skills then they even would put SL. If tp is smaller than sl than also r/r is,and on long run they will fail if they don't have those skills (just like me by the way ).Ignored
I think putting one TP is a sure way to fail, people dont understand RR R fully, Yes a 1:1 51+% win rate is ideal but the market actually doesnt care, no one really gives a shit. The market is dynamic, therefore traders need to be too. So taking profit at multiple levels and moving a stop is a much wiser thing to do, wouldnt you say? So yes maybe your first tp is 0.5:1 Reward : Risk but say price makes it there, you can then move your stop down and trail it for maybe a 2:1 or however long you can hold on and it goes for. Or you could take a little profit and move stop half way so your stop is smaller. I always feel sorry for people who actually go to the extent of setting there TP's BASED ON a RR of 1:1 or whatever. If it was this easy we could all just throw random trades and if we had a big enough RR ratio that could cover our losses we would win.
Just here to help,
Ryan
All posts are my personal opinion