Nick Cowan, NJC Capital CEO gives some perspective on risk management (the management of losses) and money management (the management of profits). The video explores setting a stop loss; setting a target; managing portfolio risk; trailing a stop loss and takes a look at over trading risks and the power of compounding.
https://drive.google.com/file/d/1yUensYTlvoxCQTomPqWK39YmgGD-dbWP/view?usp=sharing
“May your longs go up, your shorts go down and your flat positions stay sharply unchanged. Safe trading.”
Nick