It became blatantly obvious mid last week that things had gone horrifically wrong. So wrong, in fact, that the intra-day volatility inflicted Ebola-like symptoms upon me.
You see, I distinctly remember the day when my professor taught me to model VaR using a GPD (or otherwise fatter distribution). Unfortunately, the IB Risk Navigator lulled me into a false sense of security. A costly novice mistake.
As I recover from this travesty of a month, I’ve decided that being ultra-levered is not a way to live. I’ve established this blog not only to share my thoughts about the markets & tech — but also to second-guess potentially blunderous and impulsive trades.