+1 Excellent post and a great assessment. Joe.
Myth. Success in trading stocks may be helpful to being successful in trading options but not a prerequisite. Joe.
Calling Kelly dumb is like calling a hammer dumb when you are trying to cut a board into two pieces. Yes you can take some whacks at the board...
About 7 weeks. That produces the best risk/reward profile for most of my options trades. Joe.
First, please note that I did not mean to intimate that LTCM's people were stupid; they were actually geniuses that got caught in a set of...
I disagree, here's why: The fact of the matter is that LTCM's approach to risk was too simple because it did not account for all possibilities....
I have seen the name but I honestly don't know who he is or what he does. Joe.
Ralph, I don't want to assume anything. Is this your response to my question below? I have a set-up where I risk $3.50 to make $1.00 with an...
No need for you to post your paper but I would like an answer to the following in an attempt to better understand where we differ. I have a...
With all due respect, I have been using Kelly for over 30 years for all kinds of "investments" including sports and pari-mutuel wagering. :eek:...
Let's agree to disagree. Given the edge and the odds, anyone can easily prove to themselves using just MS Excel that Kelly is the optimal % of...
Ralph, With all due respect, there has to be a communication problem here because if you know your edge and the odds, Kelly is mathemtically...
:eek: There has to be a miscommunication somewhere. Assuming perfect inputs, Kelly is the % of your capital to invest for optimal capital...
Maybe I don't understand. What is there to do? You gave him the "grail" already, the only difference now is that he is starting his journey with...
+1 The above pretty much sums up my own experiences as well. Good post. I would suggest that the reason that the Moses and Bethlehem...
I prefer two legs (or less :eek: ). Joe. :)
What is your definition of "ripped off" (and why do you appear to be angry)? I didn't say that I don't care about price, just that price is...
The ease and convenience is worth that to me as well as the ability to sample many different varieties of coffee (and teas) without having to buy...
I am someone that buys coffee pods. I don't think I am a moron but maybe I am because I don't understand the point you are trying to make. Joe.
First, I would check my calculations and/or assumptions again before I would assume that 80% Kelly was the correct answer. I also agree with...
Separate names with a comma.