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A green trade doesn’t always mean a good or winning trade. Sure, you didn’t lose money, but the key question is: how much did you risk to make what you earned?
Before entering any trade, it’s crucial to understand how much you’re risking and have your Stop Loss amount set. Here’s a guide to help you navigate the concept of R-Multiple.
Trade Risk:
- The amount ($) you’re initially risking in a trade to potentially achieve your Initial Target.
- To determine your trade risk, input your Stop Loss in the Trade Tracking page, and TradeZella will automatically calculate your trade risk and Relized R-Multipl
Initial Target:
- The planned profit you had aimed to achieve from a trade.
- To determine your initial target, input your profit target on the Trade Tracking page, and TradeZella will automatically calculate your initial target and Planned R-multiple.