The best risk management is simply not to waste time trading, but to invest.
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@Emilex Hi Tim, I think there is room for both in the big stock market world - short/medium-term trading and long-term investing. Everyone should and must find their own way. Personally, I wouldn't describe trading as wasting time, but if that's how you see it, that's ok too. Many roads lead to Rome 😉
I always like to learn new perspectives, a post on investing without risk management would be interesting for me and certainly for the GQ community - every input helps us to get better together. I would be delighted to read about your approach to investing here soon 👍
I always like to learn new perspectives, a post on investing without risk management would be interesting for me and certainly for the GQ community - every input helps us to get better together. I would be delighted to read about your approach to investing here soon 👍
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@TomTurboInvest Tom, risk management is of course important when investing. My statement was not directed at the content of your post, which was excellent, but at trading as such, which I have been doing for a good decade. I think short-term trading is a waste of time, because as a private trader you have neither the information, the equipment nor the money to move prices in your interest in the short term. My view is described on the page in my profile, that would be too much text to write here.
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