Risk to reward fallacy ...Middle East

Let's talk about risk to reward ratio. This is something controversial, because setting a fixed RR (reward to risk) like 3:1 isn't fully wrong, but it isn't even right. You need to understand that there are no certainties that your trade goes to the target, it may reverse at 1:1. You may say "yeah, but I would have already put my SL at BE (breakeven) by that time, because I trailed it" and you would be correct, but what if all of your 3:1 trades end up at breakeven? Your account would be actually down a little because of the commissions you paid. You would have worked hard for nothing. That's why you shouldn't have a fixed rule like that, in trading you need to adapt, be flexible and proacti

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