ASYMMETRY® Observations

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

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True Asymmetry vs. False Asymmetry in Investment Management

January 6, 2026 By Mike Shell in Asymmetric Observation

Many strategies look asymmetric—until volatility exposes what was hidden. True asymmetry starts with defined risk and leaves upside open. The difference is geometry, not storytelling. Read: True Asymmetry vs. False Asymmetry in Investment Management

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« Captain Condor Blowup and the Illusion of Asymmetry
Connecting the Dots Means Understanding How Markets Interact With Each Other »

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. For more information, visit www.Shell-Capital.com

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Recent Posts

  • Connecting the Dots Means Understanding How Markets Interact With Each Other
  • True Asymmetry vs. False Asymmetry in Investment Management
  • Captain Condor Blowup and the Illusion of Asymmetry
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