paradoxVolatility Drag
Up 50 percent, then down 50 percent: the average return is zero, but a quarter of the money is gone.
J. L. Kelly Jr., 1956Gentle, 1 of 4100 points at a perfect score
TSLA
TSLAUp 50 percent, then down 50 percent: the average return is zero, but a quarter of the money is gone.
TSLA