May I request you do a test and video on random trade entry but using a various risk to reward ratio? 1:1.5, 1:2, 1:3, 1:5, 1:10, 1:20 ? is it possible to be profitable just by risk management alone?
I extremely highly doubt it. Trading is a negative sum game because of transaction costs. If you have good risk management, you simply lose money slower.
@@TradingTact didn't read his book. I don't know how to write pine script to do the back testing nor any programming...wanted to see if by discipline risk to rewards itself has a certain edge in trading? reason is that many traders keep focus on the entry. there is focu but not much in risk management. if risk management in itself has a certain edge..then as a trader, especially beginner, should not stress too much on entry, especially when they are losses.
@@joomuatng6609 My opinion is that your entry is your edge against the house. You need it for long term profitability. Risk management is absolutely mandatory and is the only thing standing between you and a blown account. Because you will have losing trades along the way (some Martingale traders/gurus will disagree). So you need both to survive. And back to your question, if you can suggest the logic behind the random entries, I can code up a simple program and test it on a market of your choice.
May I request you do a test and video on random trade entry but using a various risk to reward ratio?
1:1.5, 1:2, 1:3, 1:5, 1:10, 1:20 ?
is it possible to be profitable just by risk management alone?
I extremely highly doubt it. Trading is a negative sum game because of transaction costs. If you have good risk management, you simply lose money slower.
@@TradingTact give it a try....the result may surprise us?
@@joomuatng6609 did you get this idea from Van Tharp? What strategy logic would you use to create the random entries?
@@TradingTact didn't read his book. I don't know how to write pine script to do the back testing nor any programming...wanted to see if by discipline risk to rewards itself has a certain edge in trading?
reason is that many traders keep focus on the entry. there is focu but not much in risk management.
if risk management in itself has a certain edge..then as a trader, especially beginner, should not stress too much on entry, especially when they are losses.
@@joomuatng6609 My opinion is that your entry is your edge against the house. You need it for long term profitability.
Risk management is absolutely mandatory and is the only thing standing between you and a blown account. Because you will have losing trades along the way (some Martingale traders/gurus will disagree).
So you need both to survive. And back to your question, if you can suggest the logic behind the random entries, I can code up a simple program and test it on a market of your choice.