188: Best of Risk Management, Pt. 1
Summary
This "best of" episode compiles instrumental advice on risk management from nearly 200 past interviews, reinforcing its crucial role in a trader's longevity. Experts share diverse perspectives on handling drawdowns, position sizing, psychological resilience, and identifying inherent market risks, providing a go-to reference for managing trading losses and fostering sustained success. The episode covers practical strategies from individual traders and institutional firms.Episode description
After sifting through the archive of near-200 episodes, I’ve compiled some of the best bits pertaining to risk management. As there were many bits I deemed fitting for a ‘best of’ episode, it made sense to split the compilation across two parts—this is part one, and part two will follow next (Episode 189).
The idea behind creating this compilation, is to reinforce the instrumental role that risk management plays in a traders’ ability to stay in the game. It can also serve as a go-to reference for anytime you find trading loses getting out of hand.
One other reason, is to highlight some past interviews which you have missed or skipped over. If you’d like to hear the full interview with any guest featured, you’ll find the link in the show notes: chatwithtraders.com/188
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