2min chapter

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The Compound and Friends

CHAPTER

The Importance of Risk Management

The hardest thing for a trader to do is risk manage himself, he says. Risk management means making sure where am I getting out of? If I'm wrong, if I have no idea where I'm getting out, I'm not getting in. It sounds like it requires a lot of self-awareness and you almost have to cycle analyze your own actions during the course of the day.

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