Oracle (ORCL) has pulled back over 68% in the last 10 months, but during that stretch it has found consistent support just below the 140 mark.
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#1: Manage the RISK ALWAYS!
#2: Keep the Losses Small
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Refusing to take a loss when the trade has turned, and the reason for getting into the trade in the first place is no longer valid, is one of the biggest problems traders face. In this video, Ryan Mallory discusses the pitfalls that comes with refusing to take the loss and instead opting to become a bagholder on one's trades.
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