If you had not watched the previous episode - "(Episode #2)Having an Edge in Trading" do kindly watch that first as it is a connecting topic. Some trading strategy naturally has an edge in trading and others you may have to decide and improvised on it. A lot of traders shifted their stop-loss nearer or take profit level further to achieve a 2:1 Reward is to Risk Ratio, well that should not be the case because a stop should be placed at the area that your analysis has gone south. A take profit level should be placed at the level traders that have an opposing view as you, "You exit at the level where other traders are looking to trade in a different direction as you." "I would rather miss the trade than to jump into a trade that doesn't give me an Edge in Trading."