ASYMMETRY® Observations are Mike Shell’s observations of investor behavior causing directional price trends, global macro, tactical ETF trading, momentum stock trading, hedging, volatility trading, and risk management that creates asymmetric investment returns. An asymmetric return profile is a risk/reward profile with a positive asymmetry between profit and loss. Mike Shell is the founder of Shell Capital Management, LLC and the portfolio manager of ASYMMETRY® Global Tactical
Timing is Everything: Investor Emotions Over a Full Market Cycle
A picture can sometimes speak a thousand words. The graph below illustrates how investor emotions can oscillate from fear to greed through a full market cycle. The key is to understand how this can be used to know to reduce risk and when to increase it, and the timing is the opposite of what most people feel.
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