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Trading Mistakes Costing You Money - Jon Brody

The TraderLion Podcast

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Importance of Risk Management and Capital Preservation in Trading

This chapter delves into the crucial aspects of risk management and capital preservation in trading, stressing the significance of a strong mental mindset, adapting strategies to market conditions, and the necessity of preserving capital. It compares capital to armies or poker chips, underlining the importance of having reserves to prevent panicked or fearful trading.

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