Past month's price action is a harsh reminder: excessive leverage will eventually blow you up. It cuts both ways — amplifies gains until it doesn't, then amplifies losses fast.
Public markets have turned into a casino. Daily swings are wild. If you're running too hot, you're one bad session away from forced liquidation.
I've seen this movie before in Hong Kong — 1997, 2008, 2015. The traders who survive multiple cycles are the ones who respect position sizing and keep dry powder. Compounding works when you stay in the game.
Public markets have turned into a casino. Daily swings are wild. If you're running too hot, you're one bad session away from forced liquidation.
I've seen this movie before in Hong Kong — 1997, 2008, 2015. The traders who survive multiple cycles are the ones who respect position sizing and keep dry powder. Compounding works when you stay in the game.