Nang challenges the conventional stop-loss mindset, arguing that if fundamentals haven't changed, adding to a losing position can be optimal. He also explains why many quant firms avoid hard stops altogether.
View full episode →“Edge decay accelerates when a strategy becomes widely known, shrinking the time to profit”
“Loss streaks should be managed by adjusting position size, not by panic exits”
“Position sizing should reflect conviction and the statistical profile of the strategy (win‑rate vs. risk‑reward)”