No doubt that risk management is very important in a trading and that you can not success without in a trading. But, regarding the R:R ive got some questions.
Let's say your R:R is 1:3, and you start trading, and what if trade doesn't go in your favor? You cannot close it 3 times bigger than your loss, for example; its impossible for it to go more than 1.5% up for your profit. Then all of the 1:3 R:R theory falls into the water? Or what? Can someone explain it better?
First of all you cant really able to have that fixed reward ratio unless if you do go long but for short it isn't possible. 1:3 would be hard but talking about 1.5% then its really achievable even on 3% or more depending on how the market moves but always put up on your mind to set always a stop loss and don't never ever chase your loss.Dont rush up too much, just put up on the money you can risk but don't always depend on a having a fixed target because on these market conditions it might able to met or break your expectations.