What you will learn
Strategies do not blow up accounts — poor risk management and untrained psychology do. This course pairs the quantitative discipline of position sizing and portfolio variance with the behavioural understanding of why traders self-sabotage.
You will leave with a written risk framework: how much to risk per trade, how to size a portfolio across correlated positions, what your equity curve is telling you, and which biases you are most prone to.
Topics covered (16 lessons)
- What risk really means — forms and definitions
- Variance, covariance, correlation matrices
- Portfolio variance and the variance-covariance matrix
- The equity curve — what to monitor
- Expected returns and probability thinking
- Portfolio optimisation (Parts 1 & 2)
- Value at Risk (VaR)
- Position sizing (3 parts)
- Kelly’s Criterion
- 16 trading biases (Parts 1 & 2)
Who this is for
- Anyone trading or investing with real money
- Traders who can pick setups but cannot grow capital
- Portfolio managers and prop traders building a risk process
Frequently Asked Questions
Is the maths heavy?
There is matrix algebra in the variance-covariance lessons, but every formula is worked through with numbers. Excel is enough to follow along.
Will this fix my discipline issues?
It will name them. The last two lessons (Trading Biases Parts 1 & 2) cover 16 specific biases. Awareness is the first step — the rules and equity-curve monitoring give you guardrails.
Is Kelly Criterion safe to use?
Full Kelly is aggressive. The course covers fractional Kelly (half/quarter) which is what serious traders actually use.
Do I need a portfolio management background?
No. Concepts are introduced from scratch — by Lesson 10 you will be computing VaR yourself.
Is this only for traders?
No — long-term investors also benefit. Portfolio variance and correlation thinking apply equally to a buy-and-hold equity portfolio.
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