Great summary of how long term traders survive via risk management. Putting all your eggs in one basket is a quick way to the poor house in many cases. Of course great fortunes have also been made going "all in". Great fortunes have also been lost. People regard Jessie Livermore as a great trader.
He made and lost multiple fortunes dying broke. Risk management is everything.
Great summary of how long term traders survive via risk management. Putting all your eggs in one basket is a quick way to the poor house in many cases. Of course great fortunes have also been made going "all in". Great fortunes have also been lost. People regard Jessie Livermore as a great trader.
He made and lost multiple fortunes dying broke. Risk management is everything.
Really great advice here. Thanks!