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Peter Borish on Lessons From the 1987 Market Crash
Masters in Business
Discipline and Risk Management in Options Trading
Trading and risk management are inherently unnatural characteristics. You have to have that discipline to say wait a second it's over the move is there. Think about it this way you got a hundred people in a subway car who are all along something if I get out and go into the other car where I'm on the short side, they come running out. That doesn't mean you should be contrarian for contrarian's sake.
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