Poignant words on Risk Management

Finally, I have often heard traders link their appetite for risk With their masculinity, business actuuen, as Well as a Wide Variety of other irrational associations. S1u'e, traders Want to live on the edge, but do they Want to die out there, too'? Risk nlanagenient is a no fooling, no second chances proposition. Since you only need to get risk management Wrong once, there is absolutely no roo1u for bravado, ego, or irrationality when it comes to the business of managing risk. To paraphrase Larry Hite, "If you don't bet, you can't Win. If you lose all your chips, you can't bet."9

 

Richard Weissman, "Trading like a Casino"

 

Remember, it is not about proving your manhood in trading, which is what happen in the Malaysian Futures market where trading volume (so that one can boast about it) like a headless chook is the norm...