Episode 73 | Michael Katz - Day trader
A TRADER'S LIFE
00:00
The Ultimate Leap in Risk Management
I lost 10k after a trade. I cut it. Didn't try to fight it back. And again, I did that many times successfully before... But for this one trade, that actually, you know, give you a slap in your face. It's an interesting thing, isn't it? This is how you, certain, you will give yourself a wide space on your stock loss or whatever. And you'll suffer heavy loss, but won't close out. You hold on and it bounces up and goes to the,. just exactly how you thought it would - albeit with a bigger drop than you thought if we're talking about stocks.
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