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Podcast: My Worst Investment Ever Podcast
Episode: Mike Lung – Have a Defined Exit in Every Trade
Description: BIO: Mike Lung is the Director of Brokerage at Allendale Inc, which is best known for specializing in the Agriculture sector since 1985, working with farmers, ranchers, merchandisers, and others to hedge their risk when it comes to buying and selling agricultural products/inputs.STORY: Mike got into the wheat market without a plan or any research. The market went down and saw him lose his investment.LEARNING: Always have a defined exit plan before you get into any trade. Use futures and options for effective risk management. “Have a plan of attack, do...