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When it comes to trading, nothing is ever a guarantee.
Markets can hit all-time highs one day, only to plummet the next. And with no crystal ball to tell what’s going to happen one day to the next, we need to be prepared for whatever may happen.
You must manage your money well, or you can lose it all.
Trading without a plan is as good as an idea as driving blind. Money management defines your risk. It also gives you a way to set aside a set dollar figure per trade each and every time.
Early October 2018 was quite painful for the average investor.
The major indices fell out of the sky. The tech-heavy NASDAQ fell from 8,100 to 7,300. The S&P 500 dropped from 2,925 to 2,725.
One of the best ways to diversify at less cost is with an ETF.
As we reported in early August 2019, most defense names became very expensive. The same names, with the exception of Boeing (BA), continue to climb in early 2020.