We have more drills this morning?
Let's bring in our answers and contributions
Question 3
You take 8 trades:
5 wins × $40 profit
3 losses × $20 loss
What is your total result?
A. +$120
B. +$140
C. +$160
D. +$200
You risk $30 on a trade with a 1:2 risk-to-reward ratio.
If the trade hits your take profit, how much do you make?
A. $30
B. $45
C. $60
D. $90
We might be doing more of these this week.
It’s seems more technical
Easy!
Risk X Ratio = $30 x 2
$60
Total profit $200 cause $40 X 5 =$200.00
Loss is $60 cause $20 X 3 =$60.00
$200 -$60 =$140.00
So, B
I enjoy these drills, bring em on!
B. 140
Nice..
Weldone
You indeed really know what you're doing..
I love the fact that you breakdown ur explanation
Correct sir
The 5 you won multiplied by the amount which is $40, so 5 x $40 = 200
Minus the losses which is 3X $20 = $60
200-60 =140
Nice work
Profit is gotten from risk X ratio which is $30 x 2 =$60
Question 2
You have a trading account of $1,000 and decide to risk 2% per trade.
How much are you risking on each trade?
A. $2
B. $20
C. $50
D. $200
Who can solve this?
Given:
Trading account = $1,000
Risk per trade = 2%
Convert 2% to a decimal: 2%=2/100=0.02
Now calculate: $1,000 * 0.02=$20
Answer: B. $20
So, you are risking $20 on each trade.
1. Profit from 5 winning trades: 5*$40=$200
2. Loss from 3 losing trades:
3*$20=$60
3. Total result:
$200-$60=$140
Answer: B. +$140
Risk = $30
Risk-to-reward = 1:2
A 1:2 ratio means your potential reward is 2 × your risk.
$30*2=$60
Answer: C. $60
Nice
Correct
