On The Macro Show today, Hedgeye CEO Keith McCullough highlighted how he risk manages lower-highs that occur during massive #Quad4 drawdowns.

“I’ll say it again,” explains McCullough. “This is the third time you could’ve struck out buying a lower-high. After strike three, you’re out. If you’ve done that all three times this year, you’ve lost more capital than most people and you shouldn’t be doing this. Or you have to come back and say look, ‘there’s a better way.’”

McCullough: Don’t Strike Out Chasing Lower-Highs  - HEOTP