Follow just one rule:Always aim for a bigger reward than the loss you are risking. Go for 1:3 or even 1:4 risk/reward ratios. Traders loss more than they earn even though they are doing more successful trading. They profit more than 50% of the time as statistics show but they are in loss because they use 1:1 ratios. And they have less reward and greater losses most of the time. You should cut losses short and run after the profits.
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