B TASR Q 800 P 25.70

- Sales growth / pipeline
- Cash flow
- Negative beta

- Looks under levered
- Should push use of cash or return to shareholders

S TASR Q 400 P 27.03

- Booking some profit

Am I being efficient with capital using ES? Balances lots size with capital at risk but performance will only be index like unless you ride the waves right.

Trading needs to be more specific than taking a macro view. A macro view like Zulu comes out better and ahead of Europe is investing.

It may however, be more capital efficient to analyse for market beating stock specific ideas if the market is going to chop and go nowhere fast.

Need to think about when to use what mode.