Little Ol'd lady style setup on TSXV:NPR

Entry off the double bottom:
Entry: 0.59
Stop Loss: .49 (Total risk to .48 = (.59-.48) = 0.11/share )
Target: 1. 05
Risk:Reward Ratio = 1:4.7

How to calculate your position size:

Divide your max Loss (1-5% of total portfolio equity dependent on your own risk parameters) by .11 to get the number of shares to buy.
Ie: 10k account balance:
10,000 *5% risk/idea = $500 Max risk per trade
500/.011 = approx. 4500 shares.
Max Risk = 495
Target Profit = (1.05-.59) = .46 X 4500shares = 2070 profit.
Risking $1 to make $4.14


Partial profits were taken at .90, and stop moved into profit at .70
Trade is not risk free
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