Nah, keep the plane, ditch the wife Cancel that, I'm forgetting alimony.......

1:1 Risk Reward Ratio - Why it just makes sense

Yes you do. Try reposting in the Rookie Discussion section for helpful advice. Just reading your profile, "....You have a quick mind and believe in the goodness of life.....". Yeah, trade forex for a while, that will soon change!

1:1 Risk Reward Ratio - Why it just makes sense

They shouldn't try to compensate, period. Either they learn to trade and adapt or they find another career. OMG, I'm in the audience of a Miss USA contest, lol! Yes it's completely about quality of life, and part of that quality is the ...

1:1 Risk Reward Ratio - Why it just makes sense

Sure, I've always said that, strategies are tailor made by the trader to suit a whole host of an individuals criteria. However...... Trading requires a very specific minimum set of qualities, some which totally go against everything we know, have ...

1:1 Risk Reward Ratio - Why it just makes sense

Now we're getting to the crux of it, a strategy to compensate for a persons shortcomings. Isn't that just masking a problem rather than addressing and resolving it?

1:1 Risk Reward Ratio - Why it just makes sense

If the discussion is about whether xyz can be profitable then of course, most strategies can be profitable, it's all a matter of degrees and measuring one's performance. Performance isn't about pips or money made, it's about risk taken for the ...

1:1 Risk Reward Ratio - Why it just makes sense

Wall St, different ball game entirely from what I've read/heard/seen, but maybe some comparisons? Nope but it seems to get rave reviews! Good book is it? And was it conclusive?

1:1 Risk Reward Ratio - Why it just makes sense

So in a market which can be volatile and unpredictable one approach maximises profit when it gets direction right and the other relies more on getting it right more often than wrong. I guess the question then is are we predominantly in the ...

1:1 Risk Reward Ratio - Why it just makes sense

Not at all, it's all about performance, return for risk, that's the yardstick used in finance when assessing any investment or speculation, not who made the most money. Sure, but the higher your win rate needs to be to compensate for poor ...

1:1 Risk Reward Ratio - Why it just makes sense

Right, so as traders we can only react to what price is doing and try to limit our risk and maximise our gain by taking full advantage when opportunities presents themselves. That's not going to happen if we insist on cutting profits short ...

1:1 Risk Reward Ratio - Why it just makes sense

Right, but if the market is offering a better reward then why would anyone purposely limit potential and cut profit short by only targeting 1:1? It wouldn't make sense..... That puts the focus even more on predicting rather than trading.

1:1 Risk Reward Ratio - Why it just makes sense

Are you saying that anything goes as long as it makes money and is comfortable for the trader?

1:1 Risk Reward Ratio - Why it just makes sense

Only one minor detail, 'she' is actually a 'he'.......

1:1 Risk Reward Ratio - Why it just makes sense

Really, is that what you've understood from our conversation? Ok well that certainly goes some way to explaining why you appear to be so confused ...... I've already accepted your ridiculous 6 month trading challenge, like I said all you've got to ...

1:1 Risk Reward Ratio - Why it just makes sense

Go for it, same applies, assume I'm taking the other side of your trades. 6 months then, see you back here! The rest of your post is just regurgitating what's already been discussed. Go back and look.....or don't. I doubt you'd be able to post a ...

1:1 Risk Reward Ratio - Why it just makes sense

LOL, yeah didn't see that...... Good call! Oh well, there goes the neighbourhood! All we need now is Slim with his witty repartee......

1:1 Risk Reward Ratio - Why it just makes sense

Evidently not if this thread is anything to go by, but that's classic coming from someone who advocates 1:1 lol, trade demo for 6 months, are you serious?!? I've got a better idea, rather than throw out ridiculous challenges why don't you just ...

1:1 Risk Reward Ratio - Why it just makes sense

Backtesting....pretty meaningless in the scheme of things. Trades are unique, markets change, no two set of circumstances are identical. What gives me the confidence? Focussing on 'trading' rather than rely on backtest results for some system, ...

1:1 Risk Reward Ratio - Why it just makes sense

Apples, oranges, fairy dust...... No matter how you slice and dice it the bottom line is allowing profits to run makes more financial and logical sense than cutting profits short. This discussion is getting a little disjointed, or maybe it's just ...

1:1 Risk Reward Ratio - Why it just makes sense

No, not really. Are you saying you use all your available equity as margin? If yes then your risk is financial suicide, if no and you're only using a percentage then what's to stop me doing the same? I'm trading the long term trend as well as the ...

1:1 Risk Reward Ratio - Why it just makes sense