You just bought 1,000 shares of Macy's at $33 per share. As you opened the position,...

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You just bought 1,000 shares of Macy's at $33 per share. As you opened the position, you expected to exit your position when the stock rises to $39 and your $Reward to $Risk ratio is at least 3X (3-times). What should be your initial stop-loss price? You just bought 1,000 shares of Macy's at $33 per share. As you opened the position, you expected to exit your position when the stock rises to $39 and your $Reward to $Risk ratio is at least 3X (3-times). What should be your initial stop-loss price?

Answer rating: 100% (QA)

To determine the initial stoploss price we need to calculate the maximum acce... View the full answer