Manage risk first | stockbee

1/28/2011

Manage risk first

Manage risk first

This market is at extreme level. At this stage your first priority should be to not lose money.
It is easy to get back in. That is how as a trader I think. At first hint of reversal I was out of my few open positions. That ensures the gains made in January are protected. 
Objective is to make money without drawdowns.
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It is waste of time to crawl back from drawdown. 

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