MoneyTec Traders Community Forum - View Single Post - Why we are taught to set risk/reward ratio larger than 1

vikingtraider · 21-10-2003, 11:14

Truville - i agree.. my trading style is very close to what you say when profits are running... but what happens if you generate a buy signal at 1.17 and the target is at 1.175 and stop is at 1.165?

I woldn't take that trade personally..

you need to be able to identify you are wrong very soon...

but definitely agree with your profit riding style..

21-10-2003, 11:14	#4
vikingtraider level 1 Join Date: Aug 2003 Posts: 13 Downloads: 0 Uploads: 0 Rep Power: 0	Truville - i agree.. my trading style is very close to what you say when profits are running... but what happens if you generate a buy signal at 1.17 and the target is at 1.175 and stop is at 1.165? I woldn't take that trade personally.. you need to be able to identify you are wrong very soon... but definitely agree with your profit riding style..