One of the most fatal mistakes made by investors is not setting price levels when entering and exiting an investment instrument. This approach is akin to expecting zero risk and turmoil in the market, something which I deem foolish and naive. Perhaps one of the most recent shocks in the financial system is the sudden overnight surge in the Swiss franc after the Swiss National Bank removed the cap on it’s currency appreciation against the ailing Euro in mid-Jan 2015.
So is there a way to mitigate this risk? For sure there is. Technology has changed the way we live our lives and how we invest. We can never win technology, and therefore should always strive to leverage on technology to create and manage our wealth. Local start-up Call Levels has created a mobile app that simplifies trading and investing by focusing on a single primary need – the need ......