Here is the 7th episode of our series “Trader Nation”!
The challenge with copytrading sites, PAMM accounts, Hedge Funds is delegating control over your risk. Someone other than you manages your unknown (your risk). And he’s got access to the Turbo Button: leverage.
- How he manages the next trade is outside your control. You only know his past behaviour.
- The best you can hope for is for him to continue his past (which is known) behaviour into the future (which is uncertain).
Neither of you know the future. And neither do you know his reaction to your unknown future.
At Darwinex, we don’t know the future either. But we control that future risk doesn’t deviate from past one.
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