Which is of greater significance and simplicity for you: a High Risk-Reward Ratio (RR) or a High Win Rate?
For me, achieving a high Risk-Reward Ratio takes a considerable amount of time and necessitates a lot of patience. It's led to instances where I've experienced substantial losses. This has led me to contemplate whether lowering my RR might result in a significantly improved win rate. What's your experience with this? I'm curious to hear your thoughts.Looking forward to your responses! 🙏🏼
Which trading cycle is suitable for newcomers?
Before asking the question, I searched related questions, and everyone said that it is suitable for you. But for those of us who are just learning to trade, we don't know what is suitable for us. Asking this question is to find an entry point. Is there a trading cycle that everyone agrees is more suitable for novices, so that I can try this cycle first to see if it is suitable, and if it is not suitable, I will change it. Please also answer the big guys, thank you.
How do you handle when you're in the "wrong trade"?
I heard from trading masters that transactions are divided into correct transactions and incorrect transactions. Profit orders may be wrong transactions, and loss orders may also be correct transactions. How do you define "wrong trade"? What is the most impressive mistake you made? What kind of result? What enlightenment did it have on your subsequent orders? I hope you guys can share it, thank you!
What are some things you didn't know until after you made a deal?
Before making a deal: I want to make a lot of money, first buy a house, and then add two cars! ! ![Image]After making a deal: don't rush forward, don't be arrogant, you are the top leek...[Image]
What books inspired you in your trading journey?
Storytelling, characters, and themes in books may have impacted a person's trading philosophy or strategies. It underscores the idea that inspiration and insights can come from unexpected sourcesand provides a unique perspective on the trader's personal journey.
