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I came across a great post from Ken Grant, a founder of Risk Resources LLC and the author of the book Trading Risk: Enhanced Profitability through Risk Control.

As the year comes to an end, many traders/investors like to take a hard look at what transpired in the 12 months past and set a course for the 12 month ahead of them. While many dream of catching the next TSLA or SCTY to do most of the heavy lifting in their portfolio, the truth is, to achieve consistent positive returns over a long period of time, your management of your Risk will likely play a larger roll than your stock picking.

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