Here’s how it goes:
Given the tight risk control of TASIS, losses are not allowed to rise and positions are accumulated with a worst-case scenario in mind.
This means that in a serious correction positions are liquidated on-time, thus leading to favorable relative performance over the short- to medium-term. Should the correction lead to an outright bearish market, TASIS stands ready to benefit out of it, leading to seriously favorable absolute performance over the long-term. Should there be a quick rebound, experience has proven that TASIS can quickly follow the market’s short-term positive performance in a matter of days-to-weeks, even if starting 100% in cash.
Experience has also shown that a couple of weeks-to-months of favorable market performance is enough to produce handsome gains which will be sacrificed to some extend in the first correction, but will lock-in a sufficient amount of profits to serve as a higher stepping stone in the future.