Understanding Risk-Reward: It's Not Just About Winning
Too often, folks focus solely on their win rate without considering the risk-reward ratio of each trade. A high win rate with poor risk-reward means one or two losses can wipe out gains from many winners, highlighting why you need to know how much you stand to lose versus gain before entering a position, like with $EURCAD at its current 1.607. Always plan your exit before you enter.
Exactly. A high win rate is meaningless if your losers are consistently three times the size of your winners. You're just setting yourself up to blow up.