WHICH IS THE BEST RISK TO REWARD FOR BREAK EVEN?

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  • Profile photo of Rhoda Haley
    theresa48
    Participant
    Points: 26
    #5895

    I ask you experts: what is the better time to put the trade at Break Even?
    Usually when I reach a 1:1 Risk-reward ratio, I move my stop at Break Even.
    Others begin to protect capital when Reward reaches 0.7. What do you do in this situation?

    Profile photo of Holly Koelpin
    rosie-blick
    Participant
    Points: 289
    #5965

    For breakeven strategy, I often follow a price action approach. If I anticipate an uptrend to continue, I usually set my breakeven point as soon as there is a technical low above my entry price in the direction of the trend. I often prefer to close a percentage of my open position at 1:1 Risk-reward ratio.

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