Having a good risk-reward ratio on your trades is key to have good results in the long run.
What would you think about a risk-reward ratio of 9:1?
What that means is that I’m trying to get 9 times what I’m risking on that particular trade. For instance, if you have 20 pips at risk, I’ll be shooting for 180 pips…
This type of trades is what makes me feel (very) comfortable about the way I trade.
Think about it, how many successful trades like this one you would need a month? (hint: only one)
Here is the chart:
Details of my trade:
By the way, I’m risking 1% of my account on this trade.
What do you think?
Let me know in the comment section.