1.10 - Risk to reward, trade planning & risk management
A good risk management plan can lead to profitability, even with a win rate below 50%dd
Always aim for a minimum of a 3:1 R:R trade
- A cheap asset with a bad R:R is stupid
- An overvalued asset with a good R:R is smart
- Avoid big losses
- Find a small amount of easily repeatable trades and repeat it over and over and over and over and over again
- If you get a COMS before the target, it should still be treated as KING.
