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Re: Insight into being a Pro (Advice for a youngster)
"the harder they come, the harder they fall" - Jimmy Cliff
These high risk people don't last. If you have read the trader vic book, you know that it doesn't matter how smart you are, it's how much exposure you have.
If you have a lot of exposure and the market goes against you, you're @#$%ed. No one has the midas touch, eventually markets go against them.
Smart traders who last in the biz learn how to hedge and control exposure. In other words, risk management is the key to success, not trading quantity.
That's my 2cents 404.
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