What is the best Risk Reward Ratio for you?
Hey guys, for all of the profitable traders out there, what is the best risk reward ratio for you?
2:1 for mean reversion. Yes, I’m aware it’s considered “bad” from gurus that make money selling a dream rather than trading; and long-term trend/momentum are stop and reverse without a TP because why limit my upside?
Let’s flip the script and call it what it is. When you take profit, you actually stop profit. Yeah, you’re “taking profits” but what are you REALLY doing? You’re stopping your profits.
And 2:1 can work because of odds. Everyone likes to claim WR doesn’t matter, but if all other things are equal,