Risk and Reward
Ok. im just going over my journal and most times i dont get filled at the 61.8 line. i get filled between the 61.8 level and the 50% level. Let say for simplicity i i get filled at the 50% level and place my at the 87% level. My profit target is the 23.6% level, so R:R=(50-23.6)/(87-50)= 0.7. if i get filled at the 61.8% level my R:R= 1.5.
Should i always use limit orders to make sure that i get filled at the right price. hence having an acceptable R:R??
|