/biz/ - Business & Finance

buying SOXL might have been a mistake

ill stop posting persona shit and respond to your actual post

theres a reason hedge funds and shit only risk like 1% of their buying power on a single trade
there are rules you can make for yourself to practice risk management, when to sell, when to take profits etc.

everyone has their own system, everyone has their own entry/exit signals.
I would say there is no one "perfect strategy" that applies to every scenario

personally I like to read orderbooks mixed with a bit of TA for determining my entries and exits. take profits quick, cut losses quicker. limit my exposure when im not actively watching the charts

>>2010758
well said friend