How to Dilute the Risk of a Rotational Strategy

If you had been using a 300-day moving average as your regime filter, you would have been invested and held on to your positions through March. But if you were using a 280-day rather than a 300- day moving average, you would not have had that significant drawdown. So we can extrapolate and remove that, well, dilute that risk. We can never remove the risk, okay? Markets are risky. That's why we get a return from them, okay? If you don't want any risk, stick your money in the bank. I can guarantee you won't make anything either.