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Psychology and Money Management

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Millionaire in 10 weeks & Conversation with broker

  #155 (permalink)

San Diego, California/USA
Posts: 24 since Jun 2012
Thanks: 5 given, 19 received

Stop is way too tight. 5 ticks risk for 50 ticks reward. You also mentioned 1 tick stops basically entering the exact tops and bottoms and while using renko bars. It looks like you are hindsight trading. There is also position limits and liquidity issues. At minimum you will be required to be accurate 9.09% of the time with this 10:1 risk reward ratio to be profitable.

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