This is a trade with the swing trend as were yesterday's. Yesterday although I had poor stop placement, I did limit losses. That is what I aim for.
Yes. The key is that it represents less than 2 percent of TLNW. This is how you stay in the game for the long haul.
More power to ya... that's why I consider myself a scalper, because I trade for 10-20 points in as little time as possible, and almost never trail. That 10-20 is no more than 10 in normal price action (pre-September). Success.
Give any market calls a maximum 33.33% credibility and you will be fine. Why 33.33%? Because there are only three price directions.
The initial stop is a "911" stop, it will certainly be adjusted, so any r:r calculation at this point is not telling the true story, imo.