Risk Management is Key
Market moves all the time, it would hard to predict the peak or the bottom. I’ve seen so many stocks that I think has bottom out continue to fall $Palantir(PLTR.US$ is an example.
Therefore, I manage my risks by making sure I have stop loss order.
Suggest to also manage the emotions that comes with cutting losses. Yes, it’s painful to cut small losses, but it would be even more dreadful when the loses snowball.
Therefore, I manage my risks by making sure I have stop loss order.
Suggest to also manage the emotions that comes with cutting losses. Yes, it’s painful to cut small losses, but it would be even more dreadful when the loses snowball.
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starry starry sky : How much % loss b4 u decides to sell off eventually?
IcySilverOP starry starry sky: It depends on market condition. But generally I don’t risk more than 1-2% of my portfolio in a trade.