βJUST NOW : A British man named Charles Benson scammed a Nigerian man named Kingsley uchenna a total of $50,000 dollars in crypto after telling him to invest in crypto exchange .
Trading have been ruined by people who
do not understand what trading is all about.
Itβs About Maintaining Consistent profitability
Understanding your system and building and edge around
Understanding the Average Risk to Reward for your System and building an edge around it
Lower rr means you need a higher win rate to maintain profitability
Higher rr means you do not need as much trades or win rate as someone with a lower rr
Build your edge around that fact,
If i Maintain the same risk percentage, If i Win 1 trade i canβt end up in a loss even if i lose the next 5 trades,
Because my edge revolves around my risk to reward ratios.
Trading is subjective
But People Have Reconfigured it to wanting to see you fail that theyβll fail to recognize that Being a successful trader means building a system that safeguards you from being a loser even when you lose.