For example, I just bought a stock today (that shall rename nameless so Im not accused as cross promoting)at 0.31 with an upwards trend pin bar extending down to 0.295. I bought at 0.31, set my stop just beyond the pin bar tail at .29, meaning to get my 2:1 result, I have set my limit at 0.35. I risk two cents for four. Now, a fundamental trader or channel trader may tell me it shoud hit 0.38 if it does what it is meant to, but I am happy with my strategy in case it doesn't.
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