Risk-Reward Ratio in #BTCUSDT Trading: Do You Calculate It Before Entering the Trade?

When trading #BTC against the dollar (#BTCUSDT), it is very important to use the Risk-Reward Ratio before opening any trade.

Example: If you decide to enter at a price of $68,000 aiming to reach $70,000 (profit of $2,000), and set a stop loss at $67,000 (loss of $1,000), then the Risk-Reward Ratio here is 2:1.

Success in trading does not require all your trades to be profitable, but it requires that your smart trades outnumber the losing ones. Maintain good ratios like 2:1 or 3:1 to build a winning trading strategy in the long run.

Trade with your mind, not with emotion.

#BTC #BTCUSDT #Currency_Trading #Investment #Crypto #Technical_Analysis #Trading_Tips #crypto #Bitcoin $#riskreward