Looking to enter a speculative MCUR trade:
As outline on the chart, this gives me a 4 to 1 risk/reward ratio which is quiet significant.
The stock is trading almost at its all time low which makes it easy to set a stop loss. If it breaks under its all time low, no telling how low it will go, but I benefit from a straight foreword set up.
$1500 trade purchasing at 0.335 gets 4,477 shares.
Profit taker at 0.455
stop loss at 0.30
max loss 157
max gain 537
The gain taker is discretionary. The stop loss is set in stone.
Time period is the problem, this may take sometime. Volume is meh.
As outline on the chart, this gives me a 4 to 1 risk/reward ratio which is quiet significant.
The stock is trading almost at its all time low which makes it easy to set a stop loss. If it breaks under its all time low, no telling how low it will go, but I benefit from a straight foreword set up.
$1500 trade purchasing at 0.335 gets 4,477 shares.
Profit taker at 0.455
stop loss at 0.30
max loss 157
max gain 537
The gain taker is discretionary. The stop loss is set in stone.
Time period is the problem, this may take sometime. Volume is meh.