When the facts change I change my mind, what do you do sir
-
Why Traders Should Not Rely on Risk: Reward Alone
If you’re new to trading, you should always focus on trading in terms of positive risk: reward relationship. The simple but very important logic of trading with good or great risk: reward ratios is that you will have a hard time growing your account if you continue to lose large chunks of your account because of poorly planned trades. Another way to view the importance of risk: reward is in thinking that if you were the captain of a ship, you wouldn’t focus on your destination if you had a big hole in your boat, rather you’d know that your progress will be heavily hindered until you fix the leak. Why Risk: ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Jan 21, 2014 2:33am Jan 21, 2014 2:33am
- Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
- Comment #2
- Quote
- Jan 21, 2014 10:17am Jan 21, 2014 10:17am
- anton.olff
- | Joined Jan 2009 | Status: Ex-pat New Yorker. | 138 Comments
"The market can remain irrational longer than you can remain solvent"
- Comment #3
- Quote
- Jan 21, 2014 12:42pm Jan 21, 2014 12:42pm
- Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
When the facts change I change my mind, what do you do sir
- Comment #4
- Quote
- Jan 21, 2014 1:09pm Jan 21, 2014 1:09pm
- Jgcole83
- Joined Mar 2013 | Status: Fear and hope remain the same | 33 Comments
"A true speculator tries the market small." - Jesse Livermore
- Comment #5
- Quote
- Jan 21, 2014 3:53pm Jan 21, 2014 3:53pm
- Guest
- | IP XX.XXX.243.62
- Comment #6
- Quote
- Jan 22, 2014 1:40am Jan 22, 2014 1:40am
- Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
When the facts change I change my mind, what do you do sir