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“If you really don’t know where you are going, you’re not getting there”, says Dr. Corvin Codirla, Fund Manager and Mentor, FXMasterCourse, as he takes forward the Tip TV Trading Education Series by discussing the importance of Risk/Reward in Trading, joined by Zak Mir, Technical Analyst, ZaksTradersCafe.

Key Points:

Summary of Performance Measures:
· Mean Return
· Standard Deviation of P&L
· Downside Risk
· Skew
· Kurtosis
· Maximum Draw Down
· Maximum Draw Down Time
Strategy of three hedge funds – Berkshire Hathaway, S&P 500, Turtle System
‘0.5% risk per trade vs 2.0% risk per trade’

“You don’t have to re-invent the wheel, the markets will pay you”