Build Your Own Dragon Portfolio Video Tutorial Part 1.
You've heard about it everywhere, Chris Cole's amazing dragon portfolio consists of 5 main parts, equities, bonds, gold, long volatility, and commodities trend following. Most people understand the first 3 but they have no idea how to use the last two so Patrick and George are going to reveal the secrets in this 2 part educational series! This is PART 1 of 2.
I love George’s macro explanations in three steps but Patrick Ceresna’s advice on going long vol is way too technical for me, or for just about everyone I know. “Managing a backspread” or even “going long vol” is Greek to me. The teacher’s “wah, wah, wah” in the Peanuts old cartoons makes more sense to me than “The call backspread.” Maybe George can do an explaination on this explaination sometime for us neophytes who are scrambling to survive these crazy economic times.
Ya, it’s definitely next level. It’s one of those skills you have to develop over time. Patience and dedication.
Still over my head. I like George’s last list of 7 Long Vol options in the video before this one.