Disclaimer: None of the following is legal or financial advice in anyway, and respective advice should be sought from an appropriate professional.
If you’re a retail trader, this situation might sound familiar to you. You’ve spent the time doing the analysis, crunching the numbers, making the decision to put your money to work … or maybe you got a hot tip. You know what the next meme stock will be and you’re just waiting for the price action to kick off, before you plough in!
However, you choose to trade, the one thing more important than being able to make money is making sure you don’t lose it. The next trade that you make should not be your last.
Continue reading