Unknown fact our profitable colleagues won't tell us - page 5.

mvdheuvel1983

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Quote from: Barikui1 on December 10, 2023, 01:59:18 AM

In trading no matter how skilled a trader is, he will most times lose some of his trades because no one has a crystal balls.

Unfortunately, beginner traders are not told this reality. Instead they want to hear that trading is for everyone that trading is easy and everyone can make $10,000 a month trading simply by following a line on a chart. If you lose on 70% of your trade even as a skilled trader then you are not qualified to be called a skilled trader. Your losses should be reasonable as there are losses that comes as a result of the fault of the trader and there are those that are as a result of the market.

A beginner reading this your approach towards trading should be one mixed with a little bit very cynicism and a little bit angry at the world because the rest of the world is there to take your money. Question everything every method, every system every objective is a good basis to start trading.

Yamane_Keto

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The 1:3 risk reward ratio trading strategy may not be possible, because in order for there to be quick profits, the risks must be high, and then the ratio will not remain 1:3, and this ratio will not bring you large profits, even though you are making profits.
Try, learn and benefit, and then determine the trading strategy that can be acceptable to you so that the total number of trades is profitable and the average of them leads you to increase your Bitcoin holdings.
If you want to choose 1:3 risk reward ratio, always check Stop loss gain%.

Bitcoin_Arena

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฿itcoin for all, All for ฿itcoin.

Quote from: Barikui1 on December 10, 2023, 01:59:18 AM

In trading no matter how skilled a trader is, he will most times lose some of his trades because no one has a crystal balls.

You nailed it here. Even an experience trader will at some points have bad trades. What matters the most is their risk management strategy. The balance between the risk reward ratio and the win rate should also never be ignored. A trader can have a very high risk reward ratio yet the win rate is shitty, or could have a very good win rate, yet the risk reward ratio is not good enough. In this case, he will just be giving the exchange lots of trading fees while the equity in the account just keeps going down.

hd49728

legendary

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Quote from: Barikui1 on December 10, 2023, 01:59:18 AM

When you take only such trades, even though you lose 60% of your trades, you will still be profitable.

If you lose 60% of your trades, you likely will be rekted by the market and trading.

It also relates to the trading capital size for each trade you want to do. You can start with $100, double it to $200 but if your trading strategy is always you use all money for trading, even if you increase your trading capital to $1M, you can lose 80% or 90% of it in one trade.

With this trading strategy that is risky, you will probably have loss rather than profit at the end or in long term.

Quote

Though most people have the ability to win 80% of there trades because of how skilled they are.

Who can have that high successful trading rate?

Not most of traders in the market.

Barikui1

full member

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Quote from: mk4 on December 10, 2023, 02:35:28 AM

Quote from: Barikui1 on December 10, 2023, 01:59:18 AM

Topic: Unknown fact our profitable colleagues won't tell us

? ? ?

What kind of BuzzFeed-like title is this? You're technically not wrong, but let's not pretend that what you've written is not very common information that even non-profitable traders with half a brain already know.

Am sorry, criticism accepted, will learn from it.

mk4

legendary

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🪸 NotYourKeys.org 🪸

Quote from: Barikui1 on December 10, 2023, 01:59:18 AM

Topic: Unknown fact our profitable colleagues won't tell us

? ? ?

What kind of BuzzFeed-like title is this? You're technically not wrong, but let's not pretend that what you've written is not very common information that even non-profitable traders with half a brain already know.

Barikui1

full member

Activity: 196

Merit: 123

In other to be a very good and Skill traders we should not stop learning to enhance our trading ability.

In trading no matter how skilled a trader is, he will most times lose some of his trades because no one has a crystal balls.
What makes them stands out and make them profitable is the risk to reward ratio, yes I mean 1:3 risk reward ratio.
Like example, you are willing to risk 10usdt to make 30usdt, if it goes your way, you make 20usdt more.

When you take only such trades, even though you lose 60% of your trades, you will still be profitable.
Though most people have the ability to win 80% of there trades because of how skilled they are.
It's very important that you take only trades that makes the good days to count, don't take any trades that wouldn't give you the minimum 1:3 risk reward ratio.
That's what the profitable traders do, no one has a crystal balls, everyone do experience some losses, but if you can win 50% of your trades while trading only 1:3 risk reward ratio then I bet you, brother you are definitely smiling too the bank .

it's not by taking multiple trades, it's about the quality of the trades that makes the difference.

Topic: Unknown fact our profitable colleagues won't tell us - page 5. (Read 640 times)