What Wall Street professionals call a “convexity trade” can sound complex, but I prefer to teach trading in plain English rather than financial Greek. I spent decades as an “investor” but shunned trading, which I defined as owning something less than 6-12 months. Now, I laugh at that old fear of trading!
Because these days, if you wait too long without at least adjusting your position size downward, the gains can disappear or become “dead money” quickly.
