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My Life in 4 Trades - Peter Boockvar Delivers a Masterclass on Managing Losses

Real Vision: Finance & Investing

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How to Avoid Staying With Secause, This Is, This Is, This Has Happened to You?

Trying to balance conviction with the trade that's going against you for an extended period of time is a really difficult balance. I think it comes down to maybe sizing the position properly, where, if you finally wake up and realize youre wrong, that loss doesn't end you. And sizing properly that you can right out being wrong for a period of time, where you can take that pain also without ruining you. Soi a lot of it has to do with just sizing a position where you know it's not keeping you up at night, even though it can, i still dust.

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