Tempo > Volatility: The Only Edge You Can Scale
Most traders chase magnitude.
They want to know:
“Is the move big enough?”
But magnitude is noise if you don’t control when.
Volatility vs Frequency
Volatility = dispersion of returns. It tells you how big swings are, but not when.
Frequency / Tempo = rate at which bursts and collapses cluster in time. It’s the market’s metronome.
You can have:
High volatilit…
