Add training workflow, datasets, and runbook

training_data/curated/text/c9584e889b98863f4a2540b944a6ed2d6b2e30c5cce07b1db144707aacdc5c5e.txt

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+418 Part IV: Additional Considerations 
+With asset.s of $1 million, this means that $.5,000 would be committed to 30-day pur­
+chases; $.5,000 to 90-day purchases; and $10,000 to 180-day purchases. This money 
+would be reinvested in similar quantities at the end of each holding period. 
+RISK ADJUSTMENT 
+The subject of adjusting the ratio to constantly reflect 10% risk must be addressed at 
+the end of each holding period. Although it is correct for the investor to keep his per­
+centage commitments constant, he must not be deluded into automatically reinvest­
+ing the same amount of dollars each time. 
+Example: At the end of 30 days, the value of the entire portfolio, including potential 
+option profits and losses, and interest earned, was down to $990,000. Then only ½ of 
+1 % of that amount should be invested in the next 30-day purchase ($4,9.50). 
+By operating in this manner - first computing the annualized risk and balanc­
+ing it through predetermined percentage commitments to holding periods of various 
+lengths; and second, readjusting the actual dollar commitment at the end of each 
+holding period - the overall risk/reward ratios v,ill be kept close to the levels 
+described in the earlier, simple desciiption of this strategy. This may require a rela­
+tively large amount of work on the part of the strategist, but large portfolios usually 
+do require work. 
+The smaller investor does not have the luxury of such complete diversification, 
+but he also does not have to adjust his total position as often. 
+Example: An investor decided to commit $.50,000 to this strategy. Since there is a 
+1,200% annualized risk in 30-day purchases, it does not make much sense to even 
+consider purchases that are so short-term for assets of this size. Rather, he might 
+decide to commit 1 % of his assets to a 90-day purchase and 3% to a 180-day pur­
+chase. In dollar amounts, this would be $.500 in a 90-day option and $1,.500 in 180-
+day options. Admittedly, this does not leave much room for diversification, but to risk 
+more in the short-term purchases would expose the investor to too much risk. In 
+actual practice, this investor would probably just invest .5% of his assets in 180-day 
+purchases, also a 10% annualized risk. This would mean that he could operate with 
+only one option buyer's analysis (the 180-day one) and could place $2,.500 into selec­
+tions from that list. 
+His adjustments of the assets committed to option purchases could not be done 
+as frequently as the large investor, because of the commissions involved. He certain­
+ly would have to adjust every 180 days, but might prefer to do so more frequently -
+perhaps every 90 days - to be able to space his 180-day commitments over different