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Tag: Tradesmith

The Formula for Limiting Losses

I was great at buying the right stocks but was still a terrible investor. Maybe it’s the same for you? For example, in October 2016, I bought Advanced Micro Devices (Nasdaq: AMD). I looked like a genius. AMD gained over 1,000% since I bought into the stock. But I missed all of those gains! So much for looking like a genius. What happened? Simply put: I trusted my gut. And it cost me a lot of lost gains. So how do we stop that from happening to you?

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