Today's guest is Chuck Hughes of Wealth Insider Alliance. Chuck is going to discuss a simple way to kill two birds with one stone in this post on risk management. Be sure to comment on this post and let us know what tricks you use.
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Does this phrase sound familiar?
"Watch the downside, and the upside will take care of itself."
That's what John Paulson's mentor and former boss, Marty Gruss, constantly drilled into his head.
Or, to put it in the words of Warren Buffett, "Rule 1: Never lose money. Rule 2: Never forget rule No. 1."
What is the best way for you to minimize your downside and launch your success rate – and your profits – through the roof?
Actually, there are several ways… and two of them are absolutely crucial. They defy human nature, but are absolute MUSTS for trading success.
In order to achieve success you MUST practice sound risk management by doing at least two things in particular: Continue reading "Two Crucial Keys for Trading"
