Above is the weekly chart of Netflix, one of the most prominent tech-companies of the US
It is a part of the commonly abbreviated FAANG stocks
In the last 5-months, the stock has declined a whopping 70% from its record high
It has erased its entire gains made over the past 4yrs in less than half a year!
The chart is a classic example highlighting why Risk Management is absolutely critical in trading, no matter what the underlying is
Entry just forms one half of the story. Equally important, if not more, is a timely Exit strategy
Based on your experience, what are the key lessons when it comes to managing Risk efficiently?