Episode notes
In this episode, we discuss The Gambler and The Risk Manager. Proper Risk management is the way to stay in the game of trading.
Dive into their contrasting approaches – one chasing wild dreams, the other calculated and composed. Explore the importance of risk assessment, emotional control, and gradual position sizing. Tune in and trade smarter as we edge up together.
"Risk control is the most important thing in trading. If you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in." - Paul Tudor Jones
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Keywords
risk strategygamblerrisk reward