Steve Cohen om riskhantering
I always tell my traders, ‘If you think you’re wrong, or if the market is moving against you and you don’t know why, take in half. You can always put it on again.’ If you do that twice, you’ve taken in three-quarters of your position. Then what’s left is no longer a big deal. The thing is to start moving your feet. I find that too many traders just stand there and let the truck roll over them.