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LESSON 02 OF 10

Volatility is a tax on the ride

Up 50%, then down 50%, and you're not flat — you're down 25%. Big swings drag on what you actually keep, even when the average looks fine. Two strategies with the same average return can finish miles apart if one is bumpier than the other.

Takeaway: Chasing higher returns usually buys more volatility too — and volatility quietly eats the gains.

→ Feel it in: What's Possible