ギル・モラレス: 損失の出どころ:いつも空売りだった
Morales is not warning you off the short side; he is reporting what his own record kept telling him. The reason is structural. A long position that…
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Trader: gil-morales
ギル・モラレス: 強さを生んだ性質が、そのまま脆さになる
A leader’s advance runs on concentrated demand and expectations set well ahead of reported results. That is precisely why it can travel so far so…
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ギル・モラレス: 空売りを特徴づける非対称性
Morales states the arithmetic plainly. A long has a floor: the worst outcome is that it goes to zero and the loss is bounded by what you committed. A…
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ギル・モラレス: チャートはニュースより正直だ
Morales is pointing past the narrative to the evidence. News tells you what people are talking about; price and volume tell you what they’re doing…
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ギル・モラレス: 規律と忍耐を、すべてのサイクルで
Morales is quietly deflating the fantasy of the heroic trade. We romanticize the one perfect call, but real results come from the unglamorous part —…
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