Some wisdom of @ArielleTolome :)
Risk:Reward factor is more important than any strategy. If you risk 1% to win 1% you are set to loose, if you however set 1% risk to win at least 3% (beter 4%). In that way ou only need 1 out of 4 risks to be right and you still be breaking even. If 50% of your trades went good you'll have a nice profit.
I risk 0.5 for my account to gain 3-4%. (I can loose 80% of the time and still be profitable).
discipline > luck
How is R:R factor much more important then any strategy? Your R:R is simply an expection of how many pips you are willing to give up before you close for profit. Your REAL R:R is what counts, and it almost always varies from what one expects.
:/ your R:R is the risk you are willing to take for a specific MIN profit. I've had more than 10 strategies and they all worked with propper risk management. And your real R:R is completly independent of your discipline to not touch a trade :s either it hits SL or TP.
How many times does what you expect to occur actually happen in this market? When you expect to make x amount of money because you are willing to risk x amount of money, you end up not BE or trail stopping because of your greed. Trades who don't adjust their trail stop end up turning big green positions to red positions....
I have a win ratio of 60-65% with R:R 1:4 (minimum). Anf I never use trailing stops. I'm a swing trader and I only check my charts 2 times a week. I either win or lose. In my forward testing I win more trades with trail stop, but my profit targets are never reached = i earn less with trail stops.
I see. Well best of luck to you in your demo trading.
Retard, which idiot would announce statements without trading live. It's not that when your whole system work, there aren't other methods. By your one pointed view (and replies) I can conclude you are just plain stupid
Link your account to prove your stats. Other wise keep your silly stats to yourself.
I don't have the need to prove anything. Besides I don't even own a live account myself, I trade for my work and they don't appreciate when those things are set online. Btw where did I announce my silly stats? I tried to explain the basics of risk management. Those trades are called assymetric risks. Let's stop this childish game, somewhere our arguments turned into you being frustrated. Btw I never said you where wrong (people who do that are stupid and ignorrant).