Risk Management -From ASR TEAM 04-Jan-19 09:38 am Education Anirudh Sethi Tags#capital preservation #leverage #losers #losses #market capital #market corrections #patience #philosophy #risk management #short term trading #trades #volatile marketWhen markets aren’t trending; risk management is everything.In a volatile market, capital preservation is the most important consideration.Don’t be afraid to take small losses.Not to hang on to my losers hoping they will come back.Put in a stop right away and stick to it.Set stop losses every time I trade.Once again I learned that the first loss is the best loss. I let a few go too long again this year.The importance of waiting for setups and limiting lossesOpportunities are easier to make up than losses!Must have a stop on every position no matter how strong an opinion I may have!Risk management. I took some losses because I made some trades based on hope and not on price action.Leverage doesn’t work so well during market corrections and makes risk management difficult.In my short-term trading I learned to place stops against my will and philosophy.Faster exits for less risk.Patience!