Jesse Livermore is a wall street legend. He amassed huge wealth at several points in time but also lost it and filed for bankruptcy three times in his lifetime. The lesson I learnt from him is this → It is as easy to make money from the market, as it is to lose it. So never give back what I got from the market. Anything can happen in the market any time. Always play with in a sound risk managed framework.
Guys, got any different takes ?
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yes.
making money and keeping money are 2 different things as explained by Morgan Housel