Ep. 65: Jim Roppel: ‘Leader-Defining Days’ Reveal Top Growth Stocks In Turbulent Market
Investing With IBD
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How to Manage Risk on a Wapper Position
The best way to manage your risk is to build the position as it goes higher. I really don't like to trade in the first 30 minutes, but occasionally it's a mandatory situation where it's just running away. You've always got to be willing to lose on seven to 10 trades. The default every order I put in is this is a loser. But when you get something that's this exceptional, you've just got to get in there and take the risk.
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