An article titled Negatively Skewed Trading Strategies (PDF) by Glyn A. Holton is definitely worth reading. Well said. For those not following the logic here completely, take a read of Chapter 4 and 8 of Trend Following.
Some feedback on above report:
Michael: When I used to own an FCM, we had a saying for option premium sellers, “they ate like birds and shit like elephants”. And they scared the crap out of us. Regards, Jack Zaner.
Thanks, Jack. Sometimes the short and simple sentence best describes it all!
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