DislikedRisk can be predetermined, Reward is unpredictable. that is absolutely true
But
Let's see.......
Here is my line of thinking. My general understanding of a successful trader is one who Steadily or Gradually makes his/her account grow.
if he is to achieve that, he must first of all know that not all trades will be profitable which means that for everytrade he enters (TO MAKE PROFIT) he must reduce his/her risk so that he will not blow all the profits he has been making for a couple of days.
Is this not the reason why...Ignored
Manage yourself, (your behaviors)
Manage your expectations, (while somethings are possible on paper... are they truly probable?)
Manage your money. (Protect your inventory)
WHEN you can do those things successfully, THEN good things happen.