In my book Jackass Investing: Don’t do it. Profit from it., I take on the myth that “Futures Trading is Risky.” I do this by first pointing out that it’s not futures that are risky, but the often reckless behavior of individual futures traders. If the proper risk controls are not in place and if leverage is abused, substantial losses will occur. But this reckless behavior is not unique to futures trading, stock investors often routinely and recklessly expose themselves to unnecessary risk (my definition of “Jackass Investing”) by hanging on to losing positions. In fact, it’s the cornerstone of…