Hello, once again I apologise for the beginner questions.
I am wondering if anyone knows how some of the famous traders (ie Paul Tudor Jones) would achieve a reward to risk ratio of 5:1 per individual trade? (I’m guessing this does not include pyramiding, or if it does please let me know)
I do not yet know how to anticipate a realistic profit target in order to set a take profit order to the exact pip value needed for a specific reward to risk ratio, if anyone knows any good resources for setting a healthy take profit target please that would be much appreciated.
Many thanks!
I am wondering if anyone knows how some of the famous traders (ie Paul Tudor Jones) would achieve a reward to risk ratio of 5:1 per individual trade? (I’m guessing this does not include pyramiding, or if it does please let me know)
I do not yet know how to anticipate a realistic profit target in order to set a take profit order to the exact pip value needed for a specific reward to risk ratio, if anyone knows any good resources for setting a healthy take profit target please that would be much appreciated.
Many thanks!