5min chapter

Investing With IBD cover image

Ep. 212 Dan Fitzpatrick: This Is How To Find The Best Setups

Investing With IBD

CHAPTER

The Three to One Ratio

If you're dopamine is going off the charts and you're getting adrenaline rushes all the time, you're doing it wrong. Most traders don't understand mathematics because they don't want to know how bad they are. You can have a 500 batting average and blow out in no time flat if you don't have position size and risk management parameters with stops down. It's just really important to understand the math. Once you understand the math, then you have a true understanding of what trading process and trading results are only then. Can you fix it? Because you can improve on anything.

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