Allocation in Abnormal Markets
As we said to the members this morning, when all your historical studies are broken or unhelpful and the market is behaving inexplicably, there’s really only one sensible way to think about capital allocation: Look at the positions in your account this morning. If each one of those trades closed at its absolute worst possible price – its “maximum loss point” – would you lose a minute of sleep? If the answer is yes, your trades are too…
Thursday, November 20, 2008
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