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Jack Schwager & Michael Gayed Share Top Investment Secrets

Lead-Lag Live

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The Importance of Risk Management

Marty Schwartz: As you've interviewed traders over the years and put these books together, what did you yourself take away that you used for your own trading and investors to out? "Risk management is absolutely essential," he says. When I'm putting in a stop on a trade, even explicitly or not, I'm thinking of that, you know, though where you get out before you get in" 'Don't swear off the market unless you're Marty Schwartz's wife,' one trader said.

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