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October Quote

  • Writer: jonathanwallentine
    jonathanwallentine
  • Nov 9, 2018
  • 1 min read

“The market action made October a wild ride. Although most of the volatility was downside, we traded heavily, exploiting discrepancies in each big up-move. Unfortunate for October, our pre-trade alpha was wiped out because trades were followed by large down-days. Forcing us to exit positions without profits and wait for the next discrepancy to set up. The month did give us a good opportunity to see our risk management approach in action. Heads we win, tails we break-even (or lose a little). Which is key to ensuring we have the same, if not more, capital at play when the next pitch is thrown. Although October was a disappointment in terms of returns, we’re pleased with higher volatility. More volatility means higher average per-trade profits, and trades with higher average profits means higher average returns going forward.”

 
 
 

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Actuarial® is a marketing name for subsidiaries of Actuarial Management Corporation ("AMC"), including, but not limited to,Actuarial Institutional, Banbury Group, Dant, and 1791 Management by Jonathan Wallentine (@RealWallentine). Each company is solely responsible for its own financial conditions and contractual obligations. 

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