The Importance of Risk Management in the Stock Market

"I feel like some people are thinking of the stock market more as a lottery type thing where you just have to be lucky," he says. "There's also a huge element of risk management here because look, I was sitting on the beach with my son and he's eight years old." Jesse Livermore did it well where he would, when he saw the markets weren't working and then markets weren't ready to give out money,. He didn't go surfing at that point, he went fishing.