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120 - Guest Appearance - The TradeHacker Mindset
The Trade Busters
Exploring Risk Management and the Impact of Volatility on Trading
Risk management and stop loss are essential for trading and are interconnected with the concept of using a stop and managing margin calls. Implementing a 'risk to make one' profile can help determine the win rate needed for profitability, emphasizing the importance of minimizing drawdowns for long-term success. Blending different strategies and trading assets with lower correlation can help reduce volatility and manage risk. The asymmetry of compounding in both positive and negative directions underscores the necessity of not taking large drawdowns and the impact of volatility on trading.
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