DislikedBecause higher volatility leads to fatter tail. The hit rate of higher volatility entry levels increases and brings more profits when the market reverts to its fair value.Ignored

Something I want to make sure is clear though, volatility itself does not lead to fatter tails. You can have low and high vol in a normal distribution. It essentially just describes the size of the distribution's standard deviation.

Kurtosis is what drives tails to be fat or thin.

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