Hey man great insight, this is the cornerstone of my trading style. Risk management is so critical, but is often overlooked. I keep my avg win vs avg loss at 4:1 and it's hard for the account balance to not go up lol
when I go back through my trades like chopper did, I often notice my win% would've been 80%+ if I hadn't took what I was seeing as "experimental" trades, but thats what makes us learn I suppose.
Let me add too that I'm glad were both green still and that next year is going to ROCK!
Hey man great insight, this is the cornerstone of my trading style. Risk management is so critical, but is often overlooked. I keep my avg win vs avg loss at 4:1 and it's hard for the account balance to not go up lol
@cwood Still possible but yeah difficult. Especially if we're only entering specific trades that we know in and out.
when I go back through my trades like chopper did, I often notice my win% would've been 80%+ if I hadn't took what I was seeing as "experimental" trades, but thats what makes us learn I suppose.
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