16min chapter

Forward Guidance cover image

Jason Shapiro: It’s Too Early To Get Long Bonds

Forward Guidance

CHAPTER

The Importance of Risk-Reward Ratios in Trading

This chapter explores the speaker's successful trade in Swiss Frank futures and the importance of risk-reward ratios and position sizing in trading. They emphasize the need to focus on making money rather than predicting the market and share a story about a client who consistently made money despite incorrect predictions. The chapter also highlights the significance of stop-loss positions, risk management, and the difference between trading and investing.

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