87 - BBP03 - Garbage In, Garbage Out
The Trade Busters
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The Negative Return of SPX in 2021
The difference between the 50% BP small count and large account is that because of the granularity provided by the large capital base, the scaling can be much more continuous and more smooth. Now, I want you to look at the equity curve. It's actually pretty smooth, but you'll notice around 2021 in late fall to around early 2022, there's like a straight line. And actually, you'll see that the return in 2021 is even slightly negative. So why is that? At the 100,000, you have enough margin to squeeze in those two trades a day,. But it came into a case where during that period of time, SPX grew so fast that the notional size
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