How do you calculate the Risk/Reward ratio before pressing the Buy button? đŻ
Most successful traders donât make profit on 100% of their tradesâthey profit thanks to the Risk/Reward ratio:
1:2 or 1:3 ratio means that if you risk 10$ at your stop loss, your profit target should be 20$ or 30$.
This way, even if you only win half of your trades, your portfolio will still keep growing.
Before opening any position:
1. Precisely determine the entry point.
2. Set the stop loss when a key support zone breaks.
3. Stick to taking profits at the set targets and donât get greedy.
Which coin are you watching right now for an entry? Share the ticker in the comments âŹď¸
#tradingStrategy #CryptoAnalysis #BinanceSquareFamily
Most successful traders donât make profit on 100% of their tradesâthey profit thanks to the Risk/Reward ratio:
1:2 or 1:3 ratio means that if you risk 10$ at your stop loss, your profit target should be 20$ or 30$.
This way, even if you only win half of your trades, your portfolio will still keep growing.
Before opening any position:
1. Precisely determine the entry point.
2. Set the stop loss when a key support zone breaks.
3. Stick to taking profits at the set targets and donât get greedy.
Which coin are you watching right now for an entry? Share the ticker in the comments âŹď¸
#tradingStrategy #CryptoAnalysis #BinanceSquareFamily