Ep. 200: David Keller: Why Investors Need To Beware Of The Bias
Investing With IBD
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How to Make Money in Stocks
I was told all large losses begin as small losses. You can have some way to admit that you're wrong, which we tend to not want to do. Having even a simple approach to taking risk off when a certain level is triggered, I always describe that as a line in the sand. And if the price goes below this, I don't care how much I can justify it; I'm out. It's a sledgehammer of a risk management approach, but versus nothing, it is absolutely vital.
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