I love chess too and will play in the World Open in July. But getting back to trading, so you just, for the most part, place a stop and a profit objective and then, with the minor adjustments that you said, let either your stop or your profit be ...

The REAL reason why nearly every trader fails. Can you solve this trading dilemma?

Or better yet how do you deal with the fact that there is NO WAY to know for CERTAIN how much profit there will be in a trade.

The REAL reason why nearly every trader fails. Can you solve this trading dilemma?

Well said.

The REAL reason why nearly every trader fails. Can you solve this trading dilemma?

Also, I am not sure if a risk reward ratio of 1 to 1.5 or 1 to 2 really means anything at all because a risk reward ratio of 1 to 2 ALSO means that the odds are twice as likely that you will lose on the trade, so I think that r/r is not the key to ...

The REAL reason why nearly every trader fails. Can you solve this trading dilemma?

So you place OCO orders (one cancels the other). What if your stop loss is 20 pips and your profit target is 30 pips and the rrade goes 25 pips in your favor and starts stalling and then retraces 3 or 4 pips, do you still try to get your 30 pips or ...

The REAL reason why nearly every trader fails. Can you solve this trading dilemma?

Also, the most important thing needed to make big bucks in this game is a high winning percentage set-up. You can search for years before you find one of these.

The REAL reason why nearly every trader fails. Can you solve this trading dilemma?

GREAT ANSWER! Thank you very much.

The REAL reason why nearly every trader fails. Can you solve this trading dilemma?

How can you GUARANTEE a risk/reward ratio of ANY kind if you can not KNOW, for certain, how much profit there will be in a trade?

The REAL reason why nearly every trader fails. Can you solve this trading dilemma?

You can't calculate your risk/reward in trading BECAUSE you can not KNOW how much profit there will be in the trade. Without this KNOWLEDGE it is extremely difficult to make meaningful money in trading.

The REAL reason why nearly every trader fails. Can you solve this trading dilemma?

How do you INSURE that your profits add up to more than your losses if there is NO WAY to KNOW how much profit there will be in the trade?

The REAL reason why nearly every trader fails. Can you solve this trading dilemma?

Also,I am no beginner- Don't let the number of posts fool you.

The REAL reason why nearly every trader fails. Can you solve this trading dilemma?

Apologies accepted 2+2 but, unfortunately, what you say doesn't answer or even address the question.

The REAL reason why nearly every trader fails. Can you solve this trading dilemma?

That being said, do you have an answer for the question- smarty pants.

The REAL reason why nearly every trader fails. Can you solve this trading dilemma?

This is exactly what I do- I exit the trade when the price starts stalling and I think the move is over. Unfortunately, this doesn't solve the problem (I don't know if there is a solution) because if you take the quick profits and your stops are ...

The REAL reason why nearly every trader fails. Can you solve this trading dilemma?

First of all, let me say thanks for sharing. I went back on the charts for a while and can see that your idea definetly has some merit- It looks good. Next, don't stop posting because there are some IDIOTS- like code4 on this, and other, forums who ...

Bollinger Bands Range And Trend Trading

Don't forget that Ronald Raygun used to be the fascist gun in the West.

Manual system that can't be Automated

The fractal appears 2 bars later so this method might have problems.

Reversal Trade System

I like your idea Don.

Reversal Trade System

You will get killed on reversals.

anti-martingale by Lauriston Livermore