Hi luckyd1976,
Two things on your above statement I don't understand. I hope you can elaborate.
1) Why is your Risk Reward 9/1 (I assume $5/$0.55) rather than
8/1 ( ($5-$0.55)/$.55 ). Isn't your risk limited to $4.45 since you get the $0.55 in any case?
2) Why would you say a risk reward of...