Hey look, a communist!
ISTJ - the market isn't doing what I expected. How dare it! Get back in line, market! I will short even more because your rally is so stupid and...
Lucky you. Here's another example of an IB problem - if you try to place a GTC order outside the day's exchange price limits, they reject the...
Just because something has not happened to you personally, does not mean it hasn't happened to someone else. And even if something hasn't happened...
Yes but this doesn't prove anything, does it?. It's like a badly designed road junction where 99% of people have never had an accident there. It...
Australia is expensive, according to a friend who just came back. Although that may not last too long with the way the commodity and AUD markets...
Don't forget to factor in the hidden costs of not living in a free country. If you disclose corruption, offend someone with insider government...
Which market are you referring to?
Good second point. B does have a much higher expectancy, which more than offsets the lower bet size, and gives higher % return potential over the...
It's the ratio of 'unexpected risk' to profit potential. If being in the market 10 years increases your profits 10 fold and your risk 5 fold, then...
It's not the time exposed it's the risk exposure. Let's say strat A trades 1 minute before non-farm payrolls and BoJ rate announcements, and strat...
We shouldn't be rude to people who give us the inside skinny based on real industry experience. Don't hate the player, hate the game. The way...
This sloppy semantics can't go unchallenged. "Institution" just means any legal entity that is not an individual person. 2 friends who form an llp...
Doesn't optimal f rely on worst historic drawdown? That makes it totally useless for calculating size based on *future* worst drawdown. Someone...
The Kelly number has NO inputs from historical number of trades. It is determined purely by future win rate and payout odds. Now, you may...
It's actually not necessary to know the bankroll to arrive at a Kelly fraction, since the Kelly fraction is a % of bankroll. If your bankroll is...
Btw, several people have said they have the same EV. Whilst this is true in $ terms, EV in $ is totally irrelevant. What is relevant is the EV PER...
In another thread (http://elitetrader.com/vb/showthread.php?s=&threadid=251271) I am in dispute with another poster (kut2k2) over the correct...
You just admitted that drawdown management is more important than theoretical profit-maximisation by this statement - 'You maximize profits in...
Maxing out is not most profitable, as the Kelly formula explains - overbetting creates excessively large drawdowns which reduce your long-run...
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