Re: Risk:Reward > Pip count !!!

Quote from: gantez on Today at 04:24:55 PM

Quote from: Bright_dhykseen on Today at 01:04:17 PM

I see traders boast about the Amount of pip they made in the market but I believe what should matter to you as a trader is your Risk to reward ratio.

If you are changing your instrument of trade as a result of the pip-move of a pair/currency, I think you should re-think your decision and factor in Risk to reward.

It's high time traders stop chasing shadows.

In my view too. apart from ratio reward to risk management I believe calculating the number of pips is also good rather than having only profit made in mind. Some traders can use a huge lot size to trade just because of the profit they are chasing but if you trade based in pips and reduce your risk appetite, I think is also RR

The numbers pips count does not necessarily amount to making profits such numbers of pips was equally traded with a wide stop loss I agreed with the schools of thougth that a good Risk to Reward ratio is most important for a trader having an edge over the market, a 1:3 risk to reward ratio profits made in 5 trades iwill equally ended up in profits after losing 5 trades in a nutshell the numbers of pips is not a yardstick for making profits the longer term of profit taking via risk to reward ratio supercede counting the number of pips.