Nithin Kamath on the secret to longevity and secure profits in trading
risk management is one of the most important factors that will allow investors or traders to maintain longevity in markets.
«In the 20+ years in this business, I haven’t seen anyone who has kept profits from trading without good risk management. I know many who've lost quickly. If you don't have a plan to manage risk and size your bets, it's impossible to keep the money you make,» Kamath said.
Taking to social media, Kamath, the CEO of India's leading broker, went on to share a few tips for investors based on the podcasts of a market veteran, Tom Basso.
The insights delve into the secrets behind Tom Basso's longevity, where the focus is completely on risk management.
Basso said risk exposure of each position and the risk exposure of the portfolio would be the first thing that has allowed him the longevity in trading and markets.
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