Remember, ideas are just ideas.
There for chosing a softcore league shud also be known as less rewarding leading back to the topic.
For, example, when a trading record of a successful trader looks like: 10, 10, 15, 4, 10, 10, 5, 10, 10, 15, 5, 10, 10, 15, 10, 10, -60, and gift baskets kitchener waterloo ontario then, and so on consistently, who cares about -60 pips stop loss and only.
If you develop and prove that your trading system gives you 80/20 or 90/10 or even better chance of profit, you may never need any vitality ocado reward risk:reward money management enhancement.I feal ppl from ggg is missing a vital part.Hope it gives you an idea of how to avoid illusions about risk-reward management and approach it realistically.It shud be much more rewarding to play a HC league.If you try to implement new ideas immediately to trading all you will do is to erode capital and confidence.Most customer don't need high quality tooling due to money, on the mean time some high quality mold makers always wait for their potential openhanded customers.One has to approach money management constructively, not impulsively.It takes grandma and granddaughter gifts time, lots of time!
@Patrick, another root reason to price up, exchange rate, 1:10, then, 1:8, and now,1:6.3 (USD @RMB).
I believe not many traders follow the risk-reward ratio plan today, and the main reason for that is: it is not as simple as we want it.
Discipline, in order to be a successful investor/trader, you must be very disciplined.
You have an advantage of knowing/planning your trades and possible outcomes beforehand.
If we take the first screenshot from.
When you are faced with loss-making trades sooner or later, that same daily balance sheet will not look pretty at all.Some systems are more flexible and easy to work with: for example, breakout systems based on certain trading session hours - you pick the pair, find the breakout hour/period, get in/get out, fixed stop, fixed profit, all based on average expectation calculated during previous testing.I doubt that any professional trader, manager, banker trades the market without a proper risk:reward strategy.For day-trading and short interval trades, confidence is of utmost importance.But, if we take any trading system, find a currency pair and a specific time frame for it, begin testing it while following a set of clear, not chaotic trading rules, make a journal to accurately document currency trading ranges, actual profits vs losses each.
This obvious requires more ggg uniques dropped.
On the other hand, on down days be careful.
3: hardcore is just abit more cool.