August 10, 2013

Blanket Statements are for Losers

"Never trade with less than 2:1 reward-to-risk ratio"; "Whenever I hear people using 2:1 R-R, I laugh"; "Breakouts don't work because the market ranges 80% of the time"; "Only trade breakouts, because the big winners will put you on top"; etc.

People use blanket statements like this in books and on forums all time time.

What do they all have in common?

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