How to Keep Your Profits | Stocks for Breakfast

The Day I fired One of My Traders
March of 2009 I hired a new, young trader named "Jason" to trade firm capital.

He was aggressive with trying to get us to hire him. He was known in the industry and "swing a big line" from what we were told.

We made some calls and confirmed he had some big months. We agreed on a daily stop loss and hired him.

Within one month we fired him.

Jason didn't respect money. He treated it like a video game. He didn't respect his profits (our profits). Today's episode of Stocks for Breakfast explains the story of "Jason" and why you must learn to protect your profits, and gives you several ways to do it.

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