Only Practice Risk Management Part Time?
- Posted by Greg Harmon
- on August 21st, 2014
I think it is great all the opinions that you can get for free on the internet and via social media. But as they relate to technical analysis and even fundamental and macro analysis on the the stock market the repeated mantra of “_______ is occurring so it is time to be cautious” drives me nuts. Was I totally disregarding risk prior to this warning?
I practice technical analysis. Known to some as voodoo, others as useless drawing of lines, and still others as complete bull…. Most with those views don’t really understand what technical analysis is all about. It is about understanding the possibilities from a review of prior price history through supply and demand dynamics for stocks themselves. In simple terms, it is about risk management.
I analyze the markets with technical analysis tools everyday. And when I see other technicians pointing out potential risk areas I take notice. I do my own analysis and determine a course of action. That is what I do everyday. That is risk management. If you need someone to tell you when to practice risk management in the markets then maybe you should give your money to someone else to take care of.
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Gregory W. Harmon CMT, CFA, has traded in the Securities markets since 1986. He has held senior positions including Head of Global Trading, Head of Product Development, Head of Strategy and Director of Equity. (More)
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