NorthWest Biotherapeutics Inc (NWBO): Hank, the correct question to ask is : H...

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Sojourner55

Re: hankmanhub post# 399077

Tuesday, 08/31/2021 2:11:18 PM

Tuesday, August 31, 2021 2:11:18 PM

Hank, the correct question to ask is : How much can I afford to lose if I make the wrong trade i.e what is my percentage stop loss or dollar amount if my bet is wrong? And, if I'm right at what point do I take profits to maximize my gain? If one has to be right every call then you might as well buy T-bonds and even that is not without risk. Do not confuse investing and trading. I could be wrong more than half the time and still be ahead with proper money management.

Every trade that is made is based on probability so before you put on trade you need to know at what point you're out and no second guessing. That is not hedging it is always knowing what the downside is and not let ego get in the way.

Hope I explained myself well here.

Pedal to the Metal

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