I agree in principle, but at some level the amount we're talking about matters.
If it's 1% of your account that you've trimmed from a big winner and you're moving into something with a huge upside - say 10x, or a zero that might be OK.
If you win, it's meaningful, if you lose, not so much.
If it's 1% of your account that you've trimmed from a big winner and you're moving into something with a huge upside - say 10x, or a zero that might be OK.
If you win, it's meaningful, if you lose, not so much.
Comments
Downside protection should always be the first priority.