The 3% loss is very small, I get a bigger loss, it's just that I don't cut off, I still hodl to date. Now you have to be good at reading charts and analyzing market prices.
Getting a bigger loss will depend on your reward on how bigger, and in most cases, it also always depend on the pattern of trading you are going with, which in this case, we are looking at the average in most cases. Even if your risk is 30%, you should not be looking at any reward below 60% and above, which is the way to always try as much as possible to stay on a better chance of profit in the long run. What is important is just to have your good strategy and plan at hand, and then know how to execute it pretty well, and the whole thing with risk to reward ratio is always part of a strategy in most cases.
In my opinion that rasio is good, we take risk less than take profit. And this is good to use for day trading, and for swing trading should be use higher level of stop loss and take profit. This strategy possible to earn more than 30% amonth.
Usually most risk to reward ratio is actually always 1 : 2 - above respectively and in this case we are looking at some 1:3 risk to reward ratio or thereabout which is something that is actually very reasonable when it comes to managing risk in trading. That is one thing about trading, as long as you have a good strategy, you know what you are doing, you are certain you can execute your plan very well, you know how to manage your money, then the possibility of doing well will always be there.
