I’m a devout risk-manager. When I trade, I am far more concerned with not losing a lot than I am making maximum profit. And I see the pros and cons of that posture, over and over again. That’s why, when I coach traders and investors, the first thing I emphasize is for them to personalize their trading in every way possible. They are not me, and vice-versa. A good way to test where you sit on that risk management spectrum is to present you with what I’d consider to be a high-flying option collar scenario. ...