How to find extraordinary opportunities: Holy Cows Series 2
About this audiobook
How to find extraordinary opportunities
Holy Cows Series 2
Traders are often advised to work with a risk reward ratio of 1:2. In this way they would "only" need a hit rate of a little over 33.33% to trade profitably. Mathematically, this may be true, and it also sounds plausible. However, the question is whether it really works that way.
In this short book in the series "Holy Cows", Heikin Ashi Trader pursues the question of how to find trades with a risk reward ratio of at least 1:10 or higher.
He begins with the observation that it is much more effective to grow your account with a few "asymmetric trades" than with the 1:2 model. Thus, traders should try to become specialists in extraordinary opportunities.
About the author
Heikin Ashi Trader is recognized worldwide as the specialist in scalping with the Heikin Ashi chart. He has been trading this way for 19 years. He traded for a hedge fund and then went into business for himself as a trader. His scalping book "Scalping is Fun!" is an international bestseller and has been sold more than 30,000 times. You can find more information about his scalping method on his website www.heikinashitrader.
