So you have seen attack ships on fire off the shoulder of Orion, and watched C-beams glitter in the dark near the Tannhäuser Gate? The question remains...Can you paint a perfect rooster in 5 minutes?
When the Pikaso drawed a small thing on a paper sheet, in public restourant, lady was about to walk away, when Pikaso : ,,Mam, that will be €2 Millions -But it took you 2 mins to draw it ?! -Yes. And thirty years to master" Don't like his works tho. Except the bull on the glass, was iconic.
That is why trading should always have a risk/reward ratio to keep their trade in-check and know how much they can afford to lose per trade.
%% START with longer time frames\ less bid \ask spread + slippage. Budget helps+ skip the new cars; victory garden helps, lots of things help. Dont really need a victory garden but it tastes better /fresher.
R/R% does not tell a trader how much they can afford to lose per trade. Account size and capital deployed on each trade(s) overall along with a judgement (using ATR/Beta/Price Action/etc) determines how much one can afford to potentially lose. Price know nothing of someone's R/R and will go where it will. Market sure doesn't care so why should a trader?
@ashantt how much money do you have to pay someone to teach you? i might know someone interested for the right price
I don't know about that. It's very good advice. Very vague and non committal. I expected more specific information from someone who posted about his 13 year journey to success. But I guess he just wanted a pat on the back.