My last big risk reward trade was 1:20....I would think most swing trades are at least :1:10... Why are you guys wasting your time with 1:1 or 1:2 LOL?
No they don't lol. Why not just do one swing trade instead of chasing your tails? The problem is you guys want to run before you can walk. You are competing with algorithms and HFT.
Yes. I don't want to preach in this thread, although it may seem obvious where my preferences lie. It's all about actually understanding what's required of you and your system to actually make a profit. You want to scalp with a 5 point stop and a 1 point profit target? How high does your win rate need to be? Can you actually achieve it? I best most just start 'trading' and hope it's gonna work out (it usually won't). You want to trade for larger swings? Well, make sure you actually run your trades to target at twice your stop minimum and never increase your stop. I just think if people were really honest with themselves and understood expectancy 100 % they could improve a lot (or realize they should give up as they're trying to achieve something futile). Those who talk about following a silly R/R formula doesn't get it. It's about understanding your trading style and what's required for you to win. Simple and basic, although I think it's something which escapes many. You'd be surprised how many miss that very basic fact.
Are you talking SAVAA I thought you sold the puts at a buck and watched them go to 20?? You bought them??