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Take calculated risks based on thorough analysis from "summary" of How I Made BIG Money Trading Stock Options by Carl Schoner
When it comes to making money in the stock market, one of the key principles to keep in mind is taking calculated risks based on thorough analysis. This means that you shouldn't just jump into trades blindly, hoping for the best. Instead, you need to do your homework, understand the market conditions, and make informed decisions based on all available information. Before you make any trades, it's important to conduct a thorough analysis of the stock or option you're considering. This includes looking at the company's financials, industry trends, and any other factors that may impact its performance. By doing this research, you can better understand the potential risks and rewards associated with the trade. Once you have a clear understanding of the market conditions and the stock or option you're interested in, you can then start to assess the potential risks. This involves looking at factors such as volatility, liquidit...
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