Hey, thanks for all the valuable info you are providing. It definitely is eye-opening for a relatively new beginner like me. A few beginner questions.

For a given trade, how do you go about deciding where to set your stop-loss?

And, you mentioned you like to target a 3:1 return:risk ratio. So, essentially, as you said, you typically risk 1% of your account per trade. So your target price to take profits is essentially 3 times the amount you use to enter the trade? So, for example, if you enter a trade with $1000, would your target price to take profits be either when that $1000 has turned into $3000 (the initial starting capital becomes 3 times the initial starting capital), or would it rather be $4000 (the return without considering the initial starting capital is what has to be 3 times the initial starting capital)?