Disliked{quote} Hi nikosk0 / scherzi How far we can hold or shall take partials on the way? what shall be tp or can hold long term. {image}Ignored
I usually close the whole trade in these two cases:
- I reach 1:1 or a sufficient expansion near or beyond 1:1 as long as the PA suggests I have to.
- I think my trade is wrong no matter if the trade reached or not my SL. At the very second I guess I was wrong, I close it manually.
I really would need very good reasons in order to consider establishing RRRs higher than 1:1. A lot of things should converge on a chart for me to consider doing it.
For instance, imagine that your chances of getting 1:1=70%.
If trading 1:2 offers a probability of success lower or equan than 35%, then (and ignoring comissions and spread), it should be avoided.
While if trading 1:2 has a likelyhood greater than 35%, then it would be probably advisable.
But since I keep my ideas and my head in simple terms, I avoid all that kind of speculation and try to avoid being too precise so that I can focus omy executive skills instead of managing too much variables and lose the focus.
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