Quote from higherhigh:
1:1 will not get you anywhere.
The current welcome message (meaning what all members see when they login to the channel) at #ahg:
Effective immediately any member that is below Level 3 is REQUIRED to use the following targets on THREE contracts, Target 1 = 4.5x stop, Target 2 = 9.0x stop, Target 3 = 13.5x
That's how you beat the game. Small stops, large targets and by entering at important areas using price action to guide you.
true but not exactly. setting a target based on some random number X rather than looking at where a sensible exit is not the best. Thats like saying, if your stop if 3 point, your target is 13.5 x 3? what if price has no reason to get there, based on what it says on teh chart. or what if price is running further than 13.5 points, you just leave it because you r "satusfied"? and not letting price do its thing.
or you could set the stop at break even after it goes your way and let it run.
I agree that you should add and subtract at levels where things are likely to happen. obviously.