HUI: Best chance since 2000 or 2008 to go long? [Update II]

INDEX:HUI   Gold Bugs Index
143 1 0
Price Action: Yesterday HUI             had a STRONG pullback from Fibo RL             61.8% (and new violet resistance line) at !
Risk Mgmt: Raised Stop Loss to entry level to eliminate loss.
Correlation: Added Gold             Trust for comparison: While GLD             has like HUI             broken above steep declining resistance line, it NEEDS to jump back above 9y support line as well, watch this closely...

sir good one
...can you briefly explain me that what is risk managment
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