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Episode #107: Jonah Lupton on Research, Portfolio Building, and Risk Management

Confessions Of A Market Maker

CHAPTER

The Importance of Choosing a Trading Strategy

JJ: Some of the best people we've talked to I know in the podcast some of them have like win rates as low as 25 percent oh wow and these guys are like highly profitable you know what I mean yeah so yeah they're making money. He says he always use a movie quote in the the movie The Patriot with Mel Gibson uh after one of his sons gets killed he takes his other two sons into the woods and they're about to ambush the British soldiers  and he says aim small miss small, that's kind of like my trading strategy. JJ: Don't keep lowering your stop losses because you hate taking a loss there's thousands of stocks out there that probably have a better

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