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Which is of greater significance and simplicity for you: a High Risk-Reward Ratio (RR) or a High Win Rate?
For me, achieving a high Risk-Reward Ratio takes a considerable amount of time and necessitates a lot of patience. It's led to instances where I've experienced substantial losses. This has led me to contemplate whether lowering my RR might result in a significantly improved win rate. What's your experience with this? I'm curious to hear your thoughts.Looking forward to your responses! 🙏🏼
What conditions are needed to achieve stable profitability?
There are 3 major elements of stable and profitable trading: 1. Stable system 2. Stable execution 3. Stable mentality. The three elements of profitability complement each other and influence each other.A good system guides good execution, good execution brings good results, good results bring good mood, and good mood will in turn promote execution. But having said that, any mature trading system, including the original system, can only solve the first basic element. And stable execution and stable mentality cannot be solved by any system itself. A system is only a method of trading, not the result of trading. To form a profitable state of sustainable operation, not only the system is needed, but also one's own trading quality. Without any one piece, the wheel of profitability cannot move forward.
Do you guys have any good suggestions to save novice Huiyou like me from taking some detours?
Do foreign exchange practitioners have a future?
From testing the waters at the beginning to now becoming a full-time trader, I have been deeply trapped in this market. For two years, I always made money and lost it. I lost and wanted to win it back. I doubted myself countless times and asked myself countless times. Ask yourself: Do practitioners in this industry really have a future?
What are the common operating modes of thousands of trading studios, and how do they support themselves?
I partnered with a friend to do asset management for a year, and then it all collapsed. Is there any colleague to share with you? I also want to try again, before I try, I would like to ask everyone's suggestions and experiences
