The 3 Best Risk Management Strategies for Day Traders
Learn to Trade in 5 Days 3 Proven Strategies to Trade Smarter in Volatile Markets Drawing from years of market observation and insights shared by Tom Lee, Head of Research at Fundstrat, on a recent CNBC segment. Get my 5-Day Trading Mini-Course 1. Hedge with Non-Dollar Assets – Capture Upside While Managing Risk Tom Lee noted Bitcoin’s potential to catch up with gold as a non-dollar asset , especially after gold’s recent surge to new highs. Incorporating these assets into your portfolio can help you hedge against equity market uncertainty . How to Hedge with Non-Dollar Assets: Diversify by allocating a portion of your portfolio to assets like gold or Bitcoin , which Lee predicts could hit its previous high of $110,000 after lagging gold for a few months. Use these assets to balance...