AI Snips
Chapters
Transcript
Episode notes
The Illusion of Free Trades
- Understand that there's no such thing as a "free trade."
- Moving your stop loss to break even too quickly can lead to missed opportunities and losses.
Risk-Reward and Strike Rate
- Establish profit targets and assess risk-reward before entering a trade.
- Consider your strike rate when determining an acceptable risk-reward ratio.
Trading the Market
- Trade the market structure, not your desired risk-reward.
- Don't manipulate your stop loss or target to fit a predetermined risk-reward.