AI responses may include mistakes. For financial advice, consult a professional. Learn more Global Macro: Theory and Practice - Andrew Rozanov
The single biggest mistake novices make is ignoring volatility. A macro thesis can be right, but if volatility doubles, you will be stopped out. global macro theory and practice pdf
In global macro, you can be "right" about the theory but "wrong" on the timing. Risk management involves using stop-loss orders, diversifying across different asset classes, and managing leverage to ensure that a single bad trade doesn't wipe out the portfolio. The "Big Short" Mentality AI responses may include mistakes