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Re: Need advice on risk/reward!
I think alot of it depends on what you are comfortable with. I don't think 10 ticks is too much to risk but personally I'm not that precise on my entries yet, so I need more wiggle room for the trade to work. I have seen others post that their stops are a couple ticks but maybe they are getting good precise entries.
I might suggest trying different amounts to see what works best with your setups. You know it doesn't do any good to get stopped out on every trade.
I actually use 2 different entries and a different stop for each one. One is more precise with a tighter stop and the other is less precise with a somewhat wider stop.
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