"Is it possible for him to make a living with a 30K account?" The above was the question. Almost anything is possible but IMHO, this is not...
My calculator is accurate to the 8th decimal. :eek: Your observation is correct IMO and is probably the reason why when dealing with less than...
"there is some truth to what timmy says despite the tone" OK, its true! Now what does that have to do with anything and why should it bother...
"Do you guys think that it's enough capital to achieve this goal?" NO, HELL NO. Just do the math with the "expected/required" rate of...
"I have no idea where this version of Kelly comes from but to each his own. " It's the same formula just repackaged. It is basically your...
Using your figures I calculate Kelly as follows: Wagers: 7+5+2=14 Avg wager=14/10= 1.4 Return: 11 per winning wager .2 win % .8 lose %...
"I'm confused about the facts. If the call is about to expire out of the money, how is it worth $2.50 at expiration?" It isn't! Joe.
His brother Dom makes a better product. PS. Don't fight the trend!
The probability of losing 3 trades in a row with a loss rate of 5% is: .000125. Of course a number of single losses amongst few winners is also...
Arithmetic, Statistics. the middle number in a given sequence of numbers, taken as the average of the two middle numbers when the sequence has an...
207 bc $0. Counterfeit No one would know it was "bc" in 207 bc. Joe.
90 seconds Joe.
What is your definition of "right places"? Joe.
"Is there anything short, concise, and online" Do not look for shortcuts. You will be well-served by learning as much as you can to avoid...
"Just keep trading your own money." Ditto. Joe.
"are you short stock when you sell the puts?" Rarely. My set-up is usually calendar spreads. Joe.
I actually use a strategy by where I sell DITM puts. As soon as the balance of the intrinsic value dries up, the puts are exercised and the stock...
"My risk if the position goes against me is then $4,000. This is 4% of the account size. It is way too high. For normal 2% risk I should be buying...
f = (bp - q)/b where f is the fraction of the current bankroll to wager; b is the odds received on the wager; p is the probability of...
"I'm just amazed that so many dumb people can congregate and no one else ever really seems amazed that a majority of people on this site probably...
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