Couple that with many of the trades that did succeed and we on the positive side of the book. In the FRE setup, we were looking at a little better than a 5-1 reward to risk ratio. In the Advanced GET Mentoring & Foundation classes, we explore some techniques that help us reach the risk free territory as soon as possible.Īs traders, it is not uncommon to get stopped out, the separation between profitability and losing money occurs when clear stops, targets and strategies are not adhered to. 28 cents of where we would have either taken some money off the table or adjusted our stop to a breakeven point leaving us with a risk-free scenario. Because such a large part of trading success is due to proper money management, we came within. You are correct the FRE trade didn't reach the MOB in this Type I trade.
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