039: Tom Dante – Speaks to the Competitiveness of Trading and Essential Skill Sets for Profitability
Chat With Traders
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Is Your Risk-Reward Ratio Good?
How do you determine whether or not the trade before you get into it has a worthwhile risk-reward ratio? Do you have profit targets or how do you judge that before you getinto it? Right. So then what I've got to think about is, is that risk-reWARD ratio good enough to merit taking the trade? Now, I guess I differ from a lot of traders in this respect, because there are a lot of people that are taught to always go for a two to one or always go, you know, for a three to one or what have you. The higher that your reward to risk ratio is, the better for sure. And I wouldn't dispute that
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