What's also funny to me is that 'thoroughly backtested trading algorithms based on hard statistics' will work consistently until they fail miserably.
During a recession event the 30% loss isn't real until you close your position, with trading algorithms the time to hold is so low that any losses are very quickly realized.
During a recession event the 30% loss isn't real until you close your position, with trading algorithms the time to hold is so low that any losses are very quickly realized.