What is term RR in trading? Why it is important?
RR is Risk:Reward.
When you take trade you have to decide how much you are willing to risk for how much reward.
If you are willing to risk 5$ for 10$ reward, RR is 1:2.
Always follow your Risk to Reward plan. If you decide your minimum RR 1:2 and you have 50% win rate accuracy then you are at breakeven.
With good RR like 1:2.5-1:3 you can make good money.
Follow for more trading tips. @trademinds7
RR is Risk:Reward.
When you take trade you have to decide how much you are willing to risk for how much reward.
If you are willing to risk 5$ for 10$ reward, RR is 1:2.
Always follow your Risk to Reward plan. If you decide your minimum RR 1:2 and you have 50% win rate accuracy then you are at breakeven.
With good RR like 1:2.5-1:3 you can make good money.
Follow for more trading tips. @trademinds7
More Spot Calls.
Add below coins/tokens.
ADD 40-50% ONLY.
1. BTC
2. ETH
3. STG (omnichain)
4. BLUR (NFT)
5. ARB (L2)
6. OP (L2-OPSTACK)
7. SUI (L1)
8. NEAR (L1)
Add below coins/tokens.
ADD 40-50% ONLY.
1. BTC
2. ETH
3. STG (omnichain)
4. BLUR (NFT)
5. ARB (L2)
6. OP (L2-OPSTACK)
7. SUI (L1)
8. NEAR (L1)
Chart Palace
SUIUSDT Limit long @0.397 SL @0.382 TP @0.457
Trade will be invalidate if it continue making red candles.
Chart Palace
SUIUSDT Limit long @0.397 SL @0.382 TP @0.457
Sui going good. Need to flip 0.42 lvl for more 5-7% up move.
Chart Palace
BTC might go near 31500 and then dump to 28000. What do you think?
Keep important levels in mind while trading.