Cut risk and generate profit even after the market drops The Second Leg Down offers practical approaches to profiting after a market event. Written by a specialist in global macro, volatility and hedging overlay strategies, this book provides in-depth insight into surviving in a volatile environment.

Imagine this scenario: you've incurred significant losses, you're approaching risk limits, and you must do something in order to curtail your losses immediately. Slashing po-sitions is either impossible or would destroy the integrity of your portfolio ? what can you do? Don't panic: The Second Leg Down is your emer-gency hotline. It offers you proven strategies for surviving and thriving under precisely such dire conditions.

Hedging strategies are often perceived as not merely expensive but unnecessary, especially during a bull market. But when equity indices and other unstable assets drop suddenly, in-vestors can find themselves mired and sinking fast? exactly when hedging is at its most expen-sive, but when it's imperative to hedge or face further material losses or even liquidation.

The Second Leg Down: Strategies for Profiting after a Market Sell-Off shows you how to save the day with proven strategies for cutting risk and maximising profits, even in the most extreme market environments.