The Importance of Leverage in Trading

There's a positive autocorrelation for frequencies between about six months of the year so if trend falling has been you know we go back to the earlier thing about Markov state Markov states. The question is whether does the trading rule P&L itself have momentum and the answer is well there's not much there it's not a particularly strong effect. You can use leverage right you've talked about an elephant it did that did you talk about the elephant I did talk about an elephantYeah that is the elephant oh that is the Elephant yeah yeah there isn't another elephant in this room no no I mean how big you think this room is? It's pretty big actually it's not it

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