リスクリワードの理解：単なる比率以上のもの

Absolutely. It's like arguing over whether a sports car or a minivan is faster without considering if you're driving on a racetrack or through rush hour traffic. Context is everything.

This is a really important distinction, and something I wish I had understood better when I first started out. It makes me wonder if focusing on the expected value of a trade, rather than just the simple risk-reward ratio, would be a more helpful way to frame it for beginners.