It was a little over a year since we last traded BAC and it was a profitable trade. Today the candle looks positive and we have a clear target price in view. On the other side, we also have a clear stop level that will allow us to limit our risk by using the 1% Rule. If you are unclear about how the 1% Rule works for managing risk then I would suggest you go to our video library and review the short video that explains this formula.
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