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Episode Info: On this week’s episode of Tape Talk we’re talking about risk, specifically how to manage it! We’ll explore five different approaches you can use in your investment life to help manage your risk. 1. Use Stops One of the key ways to provide some risk protection when investing is to have a plan which includes predetermined levels at which you would exit and reassess your investments. This technique is referred to as a “stop” level. Whether you utilize an order placed in the market or a mental line at which you’ll personally execute the order this technique allows you to go into an investment with an estimate of your initial risk should your thesis not pan out. 2. Take Profits Exiting a position isn’t reserved only for investments moving lower. If you are trading with a plan there may come a time when an investment has appreciated significantly and the wisest thing to do may be taking a portion of those profits [...]Read more »

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