Using and Controlling Risk to Your Investment Advantage

This is the eBook version of the printed book. This Element is an excerpt from Trade the Trader: Know Your Competition and Find Your Edge for Profitable Trading (9780137067084) by Quint Tatro. Available in print and digital formats. The two most common myths about trading and risk: why successful traders know better, and you should, too. The idea that you should always have stock exposure-and the level should equate with your age or time horizon-assumes that market timing isn't possible. If that is the case, it's just a matter of time before the hundreds of consistently successful traders I know go belly up. Sorry to all my trading friends: it's been fun.