As a professional trader, we focus more on our risk, than our reward. Profits are great but are never guaranteed, we strive to have a risk reward ratio of 5 to 1. So for every $1 we risk, we aim to make at least $5.
Why that risk reward ratio? You might be asking yourself
Its because we can be wrong 4 out of 5 times and still break even ! We only need to be right 20% of the time to break even and greater than 20% to be profitable if you stick to that risk reward.
Below is a great link to take a brief 20 question quiz to determine your risk tolerance and learn more about your personality !
http://njaes.rutgers.edu:8080/money/riskquiz/