The Markets just don't care what U believe...
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Risk Management for the Trader in 1 Lesson
The very first rule we live by is: Never risk more than 1% of total equity on any trade. -Larry Hite (Market Wizard) I try very hard not to risk more than 1% of my portfolio on a single trade. –Bruce Kovnar, (Market Wizard) One of the most simple lessons that a trader must follow to ensure his long term success is to never risk more than 1% of his trading account on any one trade. This does not mean trading with 1% of your account capital it means adjusting your stops and position sizes based on the volatility of your stock, currency, commodity, option, or future contract so that when you are wrong the consequences ... (full story)
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