OOPS correction! (The 2:1, 3:1, 5:1 is simply the price between where the stop loss is placed and the buying price known as 1R.) should of course read the 2:1,3:1, 5:1 etc is 2R, 3r or 5R which represents a predetermined price target for each trade and is an individual choice based on what the trader feels comfortable with as an exit point for the trade to help to run a profitable business.
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- Day Trader’s Weekend Aftermarket Lounge 24 -26 May 2019
Day Trader’s Weekend Aftermarket Lounge 24 -26 May 2019, page-50
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