| | Dear TheoTrader, | There's not a lot in the way of great advice out there. Don't spit into the wind, don't tug on Superman's cape, don't touch the third rail, etc. | One is: All investing and trading carries risk. It's possible, sometimes even likely, you'll lose. | That's why smart traders manage risk. That can take a lot of forms, whether it's position sizing or hedging with options, sticking with rules - there are dozens of ways smart traders step up to the plate well-protected. | Don's approach is… "Don't risk more than a hundred bucks on a trade and don't stay in it a second longer than you need to." That's risk management made simple, and it's tough to argue against it. | It's been working great for Don and his readers so far. Since he developed his "IN/OUT" trading method, he's put on eight of these trades - $800 at stake. | And he's closed all eight out for a profit. Double-digits in each case. His most recent, on the TLT Treasury bond ETF, was closed for a 50% win. | He's already working on the next trade - it could be ready as soon as this coming week which, by my watch, starts tomorrow. | More wins are far from guaranteed, but at this point we're rooting for him. | You can go right here to learn how you can get his very next IN/OUT alert. | Enjoy the rest of your weekend. | Greg Madison | | Editorial Director, TheoTrade |
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