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
Math of Loss
Losses are asymmetric and compound exponentially. The larger the loss, the more gain is required to recover the loss to get back to breakeven. This is why risk management to limit downside loss is essential for investment management.