tag:blogger.com,1999:blog-8534942510273243075.post5783822754812917318..comments2023-02-18T12:45:18.093+00:00Comments on Technical Trading with Demand and Supply: 10. Risk Reward RatioRedCabbagehttp://www.blogger.com/profile/00555968883122341623noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8534942510273243075.post-57876233066884336412010-07-19T15:18:20.799+01:002010-07-19T15:18:20.799+01:00You could try being strict and only having 3 outco...You could try being strict and only having 3 outcomes to your trades, loss 1R, break even and profit 2R. Set your stop and limit orders right first time so you don't get tempted to interfere.RedCabbagehttps://www.blogger.com/profile/00555968883122341623noreply@blogger.comtag:blogger.com,1999:blog-8534942510273243075.post-46173704243567650402010-07-19T15:01:40.486+01:002010-07-19T15:01:40.486+01:00Thanks for the explicit reminder of what it means ...Thanks for the explicit reminder of what it means to have a 1:2, risk-reward.<br /><br />& with this, I only need to be right 33% of the time just to break even - makes trading more hopeful of being profitable thereafter :)<br /><br />I agree that "to avoid temptation to close trades early" is a Challenge - any suggestions to 'calm' the nerves?<br /><br />WLWLnoreply@blogger.comtag:blogger.com,1999:blog-8534942510273243075.post-75440721954775895152010-07-16T07:25:14.219+01:002010-07-16T07:25:14.219+01:00Theory is always easier than putting it into pract...Theory is always easier than putting it into practice! Well done for being honest and good luck with your next trades.RedCabbagehttps://www.blogger.com/profile/00555968883122341623noreply@blogger.comtag:blogger.com,1999:blog-8534942510273243075.post-80337048033186743272010-07-15T21:58:30.919+01:002010-07-15T21:58:30.919+01:00"..best to avoid the temptation to close trad..."..best to avoid the temptation to close trades early.." ..sounds easy!<br />I could use that "avoiding temptation" with eg. todays trades..well, next time. Shoulda let the market tell me when to exit watching it's strength/weakness..I find still challenging to wait for reversal on that TF to exit thus staying in if there's none..today EU/GU nice example..I thought it MUST retrace a bit before running higher..and I know it's the most dificult time for me..so I rather exited and didn't have multiple lots this time..instead of just watching the strong candles thus likely continuation..looking back it shouldn't be so hard :)plukinnoreply@blogger.com