Understanding martingale strategy and calculation

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@shanmugapradeep

What should be good risk to reward

There are two main opinions.

It depends who you ask and what you read.

If you ask successful or professional traders, they usually say 0.7 or 0.75 reward to risk (=1.3 or 1.4 risk to reward) but if you ask beginners or people in forums they often say 2.0 or even higher reward to risk (=0.5 or even lower risk to reward).

I know who I believe.

Why is trading so hard and does it have to be?

It is a dinner table conversation, for me. I have a couple of friends, former colleagues who now both trade for a living, and I sometimes cook for them. They both have about this size R. But never in forums, as you say. This is how most trading forums come across, to me, really. It actually makes me wonder how many are really trading profitably …

@MatthaelFx

Bottom line, the martingale strategy is a suicidal strategy

I am a maths teacher, so I know this is right. But the people who do not want to hear it will not listen to it. They will tell you that everything is a game of numbers, as if they imagine that these vague words somehow justify their own mistaken beliefs.