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comingback · 18-12-2005, 08:49

Mick wrote,

When I say to people 'make more than you lose' they look at me as if I'm stupid but when you think about it logically that's what a lot of new traders don't do, they win a few quick pips on the winning trades and let the losing trades drive a steamroller through their equity, it's not hard to see where that's going to end.

Hey Mick,

It is of course true that you have to make more than you lose. However, you don't have to make more than you risk on each and every trade. Traditional r:r ratios don't takes odds into account.

18-12-2005, 08:49	#44
comingback level 2 Join Date: Dec 2005 Posts: 94 Downloads: 0 Uploads: 0 Rep Power: 3	Re: Is it necessary to have a mentor? Mick wrote, When I say to people 'make more than you lose' they look at me as if I'm stupid but when you think about it logically that's what a lot of new traders don't do, they win a few quick pips on the winning trades and let the losing trades drive a steamroller through their equity, it's not hard to see where that's going to end. Hey Mick, It is of course true that you have to make more than you lose. However, you don't have to make more than you risk on each and every trade. Traditional r:r ratios don't takes odds into account.