Does Kelly method practically work for trading? According to Lawrence McMillan (options guru, with applied mathematics background), "In reality, the Kelly System was designed only for use on terms that have only two results (win or lose, true or false, on or off, etc.). This works very well for gamgling, but not so well for the stock market. ... The Kelly formula can't be directly applied to the stock market, because results are more complicated. Each trade doesn't produce a complete loss or 100 percent profit, less commissions, as sports or casio betting does. A stock, futures, or option trade can have an infinite number of outcomes." Any comments?