Why 20 trades tell you almost nothing, and why 100 to 200 is the minimum before you judge a strategy. Exact odds, worked out, plus how edge size changes the…
Risk & Money Management
All articles, page 2
Cash, bonds, put options and inverse positions all protect a portfolio. Each one has a price you pay in the years with no crash. Here is each one, with the…
Sharpe counts every swing as risk. Sortino counts only the drops. See both worked on 12 months of hypothetical returns, and what it means when they disagree.
Leverage should come out of your position size, never go into it. How to work it out from your stop, what each level can survive, and Singapore's CFD margin floors.
Averaging down lowers your average price and raises your risk at the same time. The arithmetic on one falling stock, and a test to run before you add.