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I love the fact that most of the people on the comments are triggered by “bad risk to reward” concepts. But let’s remember that 90% of traders are failing to make money consistently in the markets. Thereby further validating the value of the concept that Barrett is talking about. Just think about it, if everyone is doing the same thing of chasing high targets and at the same time no one is really profitable from it, then logic dictates that using an inverse approach should give you more favorable results
Y'all are missing badly in these comments, lol. You will hit 1:1 80% of the time easily if you can actually trade. If this is not true for you, you are not a good trader at all. Go and backtest your 3:1 strategy moving your S/L to 1:1 when in profit 1:1.5. Journal how many times you hit your 1:3. Journal how many times the trade misses your 1:3. Finally journal how many times you actually hit 1:1 while missing your 1:3. You will discover capturing that 1:1 happens on almost every setup even when the 1:3 is not actualized. ;
@@godsoracle1212 I use a 3 to 1 system daytrading Dow Jones Futures and I have a 45% win rate. Let me tell you that I am just killing it. 20 trades at 45% win rate. Risking $1000 per trade 9 wins at 3R = $27,000 11 losses at -1R = -$11,000 Net +$16,000 or +16R Far better than a crappy 1:1 where you need MINIMUM 60% just to make any money, let alone decent sized money.
This are true statements when Traders daytrade with 100 - 300 pips SL. Most traders are lazy and they don't filter out to improve their niche/edge. I consider traders as data analysts and risk managers. There are 3 to 5 opportunity on each instrument per week that can give 3:1 trades at least. 30 pips SL and 95 pips TP and these setups are predictable on M15 timeframe. Anyway... that's his opinion. Controversial but we respect that. Thanks for the quality of content Korbs. That's very entertaining. Wish you good 2024.
anything & everything can work in trading it simply just comes down to the individual directly. I didn't see success until I actually started trading with a negative risk reward :) I still laugh at people who say "Negative RR doesn't work" it's even funnier when most people fail at trading then they say some bullshit like that lmao. Positive rr works & so does negative rr :D that's the beauty of trading
@@inANUTSHELLANIMATION also congrats on becoming a consistently profitable trader! it's fucking hard to get to that point! always nice to see other people doing well in their own trading :)
LISTEN TO THIS MAN, BEFORE 1:1 I DIDN’T WIN A SINGLE TRADE FOR MONTHS EVEN WHEN I KNEW THE TREND, IT WOULD ALWAYS REVERSE AND STOP ME OUT BUT WOULD ALWAYS HIT THAT 1:1 TP
the term is RISK : REWARD.. stop writing 3:1 , its supposed to be 1:3 .. either that or start calling it reward -risk ratio.. i swear these americans 🤣🤣
I've been tracking about 30 different management systems over 2.5 years.. risking 1 for a reward of 2, all or nothing is the most profitable over that time compared to the others. 1 to 1 and 1 to .5 are towards the bottom of the list
i have seen a lot of people test and say that the .5R and 1R outperformed the higher R trades so your the first ive seen to say otherwise, not saying your lying just saying your results are the outlier of what I have seen so just putting that out there
@DanielCarrington-q6l yeah this is just for my own trades. Idk about anyone else but I don't see how .5R would get much past covering fees and commissions.
90% of traders fail. Whats the number 1 thing most traders want? A high win rate. What is one thing majority of traders cant do? Hold trades for big targets and or add to a winning position. Logic dictates that the bigger targets allow for more room for error. 3 losses are back to break even with 1 win.
If it was as easy as a high risk reward ratio there would be a lot more successful traders. There are a lot more potential wins per day on lower reward trades. It kind of balances out if the trader knows what they’re doing.
Also, you can only lose 100% but potentialy you can profit 10% up to 500% or more...... also physology, cant hold losses long but thats how the market works. It does not matter if you bought 2 or 50 stocks of the same company. 90% of time it dumps when you buy.... whales have automatic tools to sell your invested money, also because of spread etc. you are automatically most of the time in loss,instsntly. Just dont reallize your temporarily loss..... Its 70% physology and logical thinking, think about it. Other being little math and dedication....
logic dictates to use negative RRR , the psycological effect of the losses on higher R , the patience needed to wait, the mistakes made during time waiting , all those things need to be accounted for and the negative rrr does that
3 to 1 is good for some symbols but obviously not all.. like everything it depends what you are doing. Also it depends how you define 3 to 1 if you mean you will always take the loss at the full 1 then yeah I agree that's not that practical, but 3 to 1 is fine if you frequently get out of trades that are not going as planned, at a much lower loss than 1 or at break even
Why would anyone, considering this time frame of trade,be dreaming of 4+r/r? It takes time for 3,4,5+r trades to unfold. If you have chosen to scalp/daytrade,yet have and exspectaion of big r returns, you could have a conflict you might want to reconcile.
I tried 1:1, 1:2 and 1:5 and 1:5 gave me payouts. Reduce the risk per trade but aim for 1:5 or greater. Paid Interviews is also a things. Test things your self with low amounts.
If trader should understand 200 moving average (20 pips) every single day regardless of market conditions and just focus on smashing the turning point a lot will be profitable.
You cannot generalize like that. Maybe for this guy, for his setups, for your financial instruments. It's very much possible. Of course if you know what you're doing. And if you're only making 50-60% with a 1:1 RR then there is a lot of room for improvement. Yes not everyone can achieve a continuously profitable level. Yes, with a higher WR you're gonna have a smaller RR. But that is not possible is BS.
Flawed assessment. Most trades are 1:1 RR I agree however 1:1 at 40, 50, and 60 win % are still losing $ or at best breaking even. This is why interviewing traders is a joke. He’s just crafting a narrative. His win % would be roughly 70% to start making money risking 1:1. Plain and simple I would only interview traders who make their tax return public.
your missing the biggest aspect of risk which is position sizing. A common theme I hear among long time career traders is that you need to know when to go big, go small, or sit it out. A high rr and high win rate is insignificant if you are sized tiny.
Incorrect. Yes, obvious math will tell anyone profitability is impossible with the 40-50% figures on 1/1 he mentions. But most discount brokerages give at least as low as $4 commissions on Minis. A common scalping target for NQ is 5 points. 1/1 puts breakeven parity at 52%. A 57% Winrate from just about 13 quick 5 points scalps a day (very common for a lot of scalpers to place 20 or more) would net the equivalent of an average per capita income in the U.S. That's from trading ONLY ONE contract. I have routinely had $400-500 days scalping 1/1 at 59-63% Winrates.
@@utubeskreename9516 I trade NQ full time for a living and average around 40 - 50 points a week. My RR varies from 1:1 to 1:7 and I promise you there’s absolutely 0% chance that’s possible targeting 5 points on a 1:1
@@LifestyleTradr that doesn’t make any sense….i trade NQ full time for a living and you only size up when you have an A+ trade which entails correctly assessing EV. Do you understand how difficult that is? Also the only way it’s possible for what he is saying to actually work is scaling in and scaling out. It’s not possible any other way from a mathematical standpoint.
Trading the NQ is one of toughest markets to trade but most profitable. If you trade one mini, you can burp and make or lose $200-$300, just like that. Set ups are key. Traders shouldn't be in trades long while trading the NQ.
A 1:1 with a 55% win rate IS profitable. Why would you die by a thousand paper cuts with bigger R:R ratios? BTW, it's impossible to have even a 50% win rate with a 1:2. You would become the world's richest person in no time.
➡ Watch the Full Podcast Episode Here: th-cam.com/video/fgxfqBRE2c0/w-d-xo.html
EPISODE SPONSOR → JIGSAW TRADING
✅ Free Professional Order Flow Training: go.tradacc.com/Jigsaw-Order-Flow
I love the fact that most of the people on the comments are triggered by “bad risk to reward” concepts. But let’s remember that 90% of traders are failing to make money consistently in the markets. Thereby further validating the value of the concept that Barrett is talking about. Just think about it, if everyone is doing the same thing of chasing high targets and at the same time no one is really profitable from it, then logic dictates that using an inverse approach should give you more favorable results
🍻🍻
Y'all are missing badly in these comments, lol. You will hit 1:1 80% of the time easily if you can actually trade. If this is not true for you, you are not a good trader at all. Go and backtest your 3:1 strategy moving your S/L to 1:1 when in profit 1:1.5. Journal how many times you hit your 1:3. Journal how many times the trade misses your 1:3. Finally journal how many times you actually hit 1:1 while missing your 1:3. You will discover capturing that 1:1 happens on almost every setup even when the 1:3 is not actualized.
;
@@godsoracle1212 I use a 3 to 1 system daytrading Dow Jones Futures and I have a 45% win rate. Let me tell you that I am just killing it.
20 trades at 45% win rate.
Risking $1000 per trade
9 wins at 3R = $27,000
11 losses at -1R = -$11,000
Net +$16,000 or +16R
Far better than a crappy 1:1 where you need MINIMUM 60% just to make any money, let alone decent sized money.
take one trade a day at risk 3 reward 1 with a 90% probability have a losing day and there still a 90 % probability you are in the green for the week
Who has a 80% win rate on a 1:1? I need to know about this billionaire.
@@Guyfromtha619 shoot for 1:3 and move tut stop loss to 1:1. Do it over 20 trades and come back and give us your stats.
@@chriswoodman8452you not hitting 3:1 A DAY at a 90% clip that doesn’t even make sense😂😂😂😂😂
This are true statements when
Traders daytrade with 100 - 300 pips SL.
Most traders are lazy and they don't filter out to improve their niche/edge. I consider traders as data analysts and risk managers.
There are 3 to 5 opportunity on each instrument per week that can give 3:1 trades at least.
30 pips SL and 95 pips TP and these setups are predictable on M15 timeframe.
Anyway... that's his opinion. Controversial but we respect that.
Thanks for the quality of content Korbs. That's very entertaining. Wish you good 2024.
Same to you 🍻🍻
Exactly, I trade YM Dow Jones Futures and use 15 min chart with 40 tick stops and 120 tick targets.
Sometimes the Dow moves 300 ticks easily
@@haneyguitarinstruction6260I don't think he meant the Dow when talking about this .maybe something like ES..
@@michaelxz1305 The Dow Jones Futures YM is a better instrument than ES because it trends better
i use negative risk to reward and i am a profitable trader. early i was using 1:3 and all that other nonsense and was constantly losing.
🍻🍻
anything & everything can work in trading it simply just comes down to the individual directly. I didn't see success until I actually started trading with a negative risk reward :) I still laugh at people who say "Negative RR doesn't work" it's even funnier when most people fail at trading then they say some bullshit like that lmao. Positive rr works & so does negative rr :D that's the beauty of trading
@@MysticWound it truly is💪
@@inANUTSHELLANIMATION also congrats on becoming a consistently profitable trader! it's fucking hard to get to that point! always nice to see other people doing well in their own trading :)
Negetive rr mean how much u use
i go for a 1:1 RR. how can I go about scaling my account properly to a point where I dont need my job. ?
Hey! Jump on a call with my team and we can discuss with you - link.letsharvest.ai/widget/bookings/tradacc-breakthrough-call
By using 3 to 1 instead of your crappy 1 to 1
@haneyguitarinstruction6260 I'm more profitable with a 1:1 and have a higher win rate which improved my psychology
@@haneyguitarinstruction6260watch your mouth
@@THECABSOURHERE or what?
you got brannigan on my trading hero, now im a subacriber
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LISTEN TO THIS MAN, BEFORE 1:1 I DIDN’T WIN A SINGLE TRADE FOR MONTHS EVEN WHEN I KNEW THE TREND, IT WOULD ALWAYS REVERSE AND STOP ME OUT BUT WOULD ALWAYS HIT THAT 1:1 TP
lol Makes me wonder what kind of shit trades you are taking then. I use 1:3 risk to reward ratio successfully.
@@KBALLING1723 lmao same I use ICT unicorn model and catch 1:3s most days
@@KBALLING1723😂😂😂 trying to sound smart. Piece of shit.
@@KBALLING1723until you’re asked to share your trading history
If it always hit your stop loss then you stayed in too long on a lot of those trades
the term is RISK : REWARD.. stop writing 3:1 , its supposed to be 1:3 .. either that or start calling it reward -risk ratio..
i swear these americans 🤣🤣
exactly bro
I've been tracking about 30 different management systems over 2.5 years.. risking 1 for a reward of 2, all or nothing is the most profitable over that time compared to the others. 1 to 1 and 1 to .5 are towards the bottom of the list
Can I ask you more about this, how did you find this out and would you say this is true in general for most strategies?
@KaidoTrades I just tracked every trade I have ever taken.. can't say how it would turn out for others this is just my case.
i have seen a lot of people test and say that the .5R and 1R outperformed the higher R trades so your the first ive seen to say otherwise, not saying your lying just saying your results are the outlier of what I have seen so just putting that out there
@DanielCarrington-q6l yeah this is just for my own trades. Idk about anyone else but I don't see how .5R would get much past covering fees and commissions.
@@rob409BOI just add the comisions on top of your TP and thats it lol
90% of traders fail. Whats the number 1 thing most traders want? A high win rate. What is one thing majority of traders cant do? Hold trades for big targets and or add to a winning position. Logic dictates that the bigger targets allow for more room for error. 3 losses are back to break even with 1 win.
If it was as easy as a high risk reward ratio there would be a lot more successful traders. There are a lot more potential wins per day on lower reward trades. It kind of balances out if the trader knows what they’re doing.
This guy doesn’t make money in the markets 😂
All my strategies I've tested using a negative ratio made consistent returns. So you can keep dying by a thousand paper cuts 😂
Also, you can only lose 100% but potentialy you can profit 10% up to 500% or more...... also physology, cant hold losses long but thats how the market works. It does not matter if you bought 2 or 50 stocks of the same company. 90% of time it dumps when you buy.... whales have automatic tools to sell your invested money, also because of spread etc. you are automatically most of the time in loss,instsntly. Just dont reallize your temporarily loss..... Its 70% physology and logical thinking, think about it. Other being little math and dedication....
logic dictates to use negative RRR , the psycological effect of the losses on higher R , the patience needed to wait, the mistakes made during time waiting , all those things need to be accounted for and the negative rrr does that
3 to 1 is good for some symbols but obviously not all.. like everything it depends what you are doing. Also it depends how you define 3 to 1 if you mean you will always take the loss at the full 1 then yeah I agree that's not that practical, but 3 to 1 is fine if you frequently get out of trades that are not going as planned, at a much lower loss than 1 or at break even
🍻🍻
Why would anyone, considering this time frame of trade,be dreaming of 4+r/r? It takes time for 3,4,5+r trades to unfold. If you have chosen to scalp/daytrade,yet have and exspectaion of big r returns, you could have a conflict you might want to reconcile.
🍻🍻
I tried 1:1, 1:2 and 1:5 and 1:5 gave me payouts. Reduce the risk per trade but aim for 1:5 or greater. Paid Interviews is also a things. Test things your self with low amounts.
🍻🍻
i love how 95% of traders aren't profitable, but in yt comments you're all kings haha... wish you the best though
😂
If trader should understand 200 moving average (20 pips) every single day regardless of market conditions and just focus on smashing the turning point a lot will be profitable.
You cannot generalize like that. Maybe for this guy, for his setups, for your financial instruments. It's very much possible. Of course if you know what you're doing. And if you're only making 50-60% with a 1:1 RR then there is a lot of room for improvement. Yes not everyone can achieve a continuously profitable level. Yes, with a higher WR you're gonna have a smaller RR. But that is not possible is BS.
people need to understand the casino concept
🍻🍻
The best is 1:3 learn how to trail your trades with sl
🍻🍻
I agree when it comes to NEW trader
🍻🍻
Flawed assessment. Most trades are 1:1 RR I agree however 1:1 at 40, 50, and 60 win % are still losing $ or at best breaking even. This is why interviewing traders is a joke. He’s just crafting a narrative. His win % would be roughly 70% to start making money risking 1:1. Plain and simple I would only interview traders who make their tax return public.
your missing the biggest aspect of risk which is position sizing. A common theme I hear among long time career traders is that you need to know when to go big, go small, or sit it out. A high rr and high win rate is insignificant if you are sized tiny.
Incorrect. Yes, obvious math will tell anyone profitability is impossible with the 40-50% figures on 1/1 he mentions. But most discount brokerages give at least as low as $4 commissions on Minis. A common scalping target for NQ is 5 points. 1/1 puts breakeven parity at 52%. A 57% Winrate from just about 13 quick 5 points scalps a day (very common for a lot of scalpers to place 20 or more) would net the equivalent of an average per capita income in the U.S. That's from trading ONLY ONE contract. I have routinely had $400-500 days scalping 1/1 at 59-63% Winrates.
@@utubeskreename9516 I trade NQ full time for a living and average around 40 - 50 points a week. My RR varies from 1:1 to 1:7 and I promise you there’s absolutely 0% chance that’s possible targeting 5 points on a 1:1
@@LifestyleTradr that doesn’t make any sense….i trade NQ full time for a living and you only size up when you have an A+ trade which entails correctly assessing EV. Do you understand how difficult that is? Also the only way it’s possible for what he is saying to actually work is scaling in and scaling out. It’s not possible any other way from a mathematical standpoint.
Trading the NQ is one of toughest markets to trade but most profitable. If you trade one mini, you can burp and make or lose $200-$300, just like that. Set ups are key. Traders shouldn't be in trades long while trading the NQ.
Guys don’t listen to this bull shit aim more then 1:3 because when you have a drawdown period those 1:3 trades will save you those days
Your math sucks. Go back to school 😂 You clearly know nothing about probability math, and you've never touched an Excel spreadsheet in your life.
😂😂😂 he is correct while your comment is BS
only 1:1 is trash lmao. 2-3R in 35-50% very common
A 1:1 with a 55% win rate IS profitable. Why would you die by a thousand paper cuts with bigger R:R ratios?
BTW, it's impossible to have even a 50% win rate with a 1:2. You would become the world's richest person in no time.