Every balanced portfolio is going to have both defined-risk positions and undefined-risk positions. Defined-risk positions give the undeniable peace of mind of knowing the worst-case scenario on trade entry, while undefined-risk positions obviously leave the worst-case outcome as an unknown over its life. Interestingly though, it is actually undefined-risk strategies that provide smoother results over time, whereas defined-risk strategies can experience a good bit of volatility with their performance.Check out my latest blog article!