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DAY 10 - RISK MANAGEMENT

Markets are ultimately driven by order flow. Even assuming it's possible to know exactly what orders are currently in place, and at what levels (the 'order book', there are always more orders about to be added that traders have no knowledge of. These orders are created by a host of different factors, that are too diverse, complex and abstract (e.g. sentiment) to be calculated precisely.
I recall reading a good anecdote in a Mark Douglas book, that went something like this: A capable analyst wh
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VictoriaVika 2015年03月13日

Great Vr. Livermore, one of the first traders :)

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Trading Quote - Risk Management (137)

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