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Diversify your portfolio to spread out risks from "summary" of How I Made BIG Money Trading Stock Options by Carl Schoner
To increase your chances of success in trading stock options, it is crucial to understand the importance of diversifying your portfolio. By spreading out your investments across different assets, industries, and sectors, you can minimize the impact of any single investment performing poorly. When you diversify your portfolio, you are essentially spreading out your risks. This means that if one stock or sector experiences a downturn, your overall portfolio will not be as heavily impacted. By investing in a variety of assets, you can potentially offset losses in one area with gains in another. Diversification can also ...
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