“How do I manage risk in this market?” That’s one of the most common questions I hear, whether it’s from friends and clients, attendees at my seminars or even folks I just meet on the street. I do understand why I hear it so frequently. Last year the bulls ran the market to high after high and this year the volatility has picked up dramatically. Several-hundred-point swings on the Dow have become more common, and we’ve seen a lot of investors selling and running for the hills. That’s not a risk management strategy – it’s panic selling and will likely lead to greater losses down the road. Thinking about the profits some people left on the table makes my head spin.