072: Rob, @DiscoveryTrader – Why Risk Management is King, and Why Gambling Isn't Such a Dirty Word
Chat With Traders
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The Importance of Risk Management
A lot of people think that risk is, they say, well, I manage my risk. That's a common one. But stops as placeholders for the most part aren't really a risk model. How many occurrences are you going to have? How frequent do you trade? Are you trading eight times a day? Or how many over the course of a month? And how does that play into it?
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