Take profit level

here’s the question, from the beginner’s perspective, with a 1:2 R:R:-

what will be the overall effect when they have a series of 30 consecutive trades, over an only slightly bad run, comprising 26 losers and 4 winners?

will they assume that their method isn’t working, for some reason they won’t understand, and that they should stop using it and try something different, or will they assume it works as planned and that they’re having an only slightly unlucky run with it?

they won’t know, will they?

they lack the experience and math/stats understanding to distinguish between the two

this is a problem one must avoid

and it will happen to them, quickly or slowly, sooner or later

that’s why i would recommend avoiding that problem by starting with an R:R closer to 1:1

even that will give them 8-10 consecutive losers at some point, or a series of 20 consecutive trades with 4 winners and 16 losers, even when it’s working perfectly well

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