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Jack Schwager & Michael Gayed Share Top Investment Secrets

Lead-Lag Live

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The Importance of Risk Management in Trading

The most common mistake among the traders I interviewed, which are some of the greatest traders as well as most people's is a failure of risk management. They don't realize that the impossible often happens in markets. And so that is the greatest commonality and weakness in terms of failure. If you look under most failures, somewhere the explanation will come down to a fail of risk management one way or another.

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