How many contracts to trade?

Discussion in 'Prop Firms' started by Peblo, Feb 24, 2020.

  1. Sekiyo

    Sekiyo

  2. It's discussed in the link above^^^

    https://www.albionresearch.com/kelly/

    Put in your stats. Increase contracts as needed. If Kelly says risk $150 and your S/L is 1 point then you risk 3 contracts.

    The other comments on here are pretty much useless, much like the majority of what's on here unfortunately.
     
    #12     Feb 24, 2020
    Sekiyo likes this.
  3. SunTrader

    SunTrader

    Has Kelly ever published his results?

    Or is he just another theory guy, that some traders worship?
     
    #13     Feb 24, 2020
  4. All it is a way to avoid risk of ruin while maximizing your returns. Im not sure what you mean by publishing his results? Results from what?

    He's praised by everyone from gamblers to traders for good reason. Thorp used it. That should say a lot.
     
    #14     Feb 25, 2020
  5. Suggest max trading size to be where money pressure is low enough so that you don't make poor decisions.

    (Going "balls out" with the "max leverage you can get" is rarely a good strategy.)
     
    Last edited: Feb 25, 2020
    #15     Feb 25, 2020
  6. FMZ

    FMZ

    Best way is to use a broker simulator
     
    #16     Feb 25, 2020
  7. Edmond

    Edmond

    I won't bet any more $ than my Porsche Turbo is worth. If I loose the $ I can sell the Turbo. It's not like I really need the car.
     
    #17     Feb 25, 2020
  8. MarkBrown

    MarkBrown

    try this say your limit is 15, start with 1 to get in the market and then your mind will have better clarity of what's going on as the market moves against your conviction add on (for example) 2, a few tick's away from your original entry and then set 4 out even further and then 8 further out with your mouse on the reverse hotkey just in case. :D
     
    #18     Feb 25, 2020
  9. easymon1

    easymon1

    me athlonmank8, thx for the link
    do you estimate or do you calculate your odds of winning?
     
    #19     Feb 25, 2020
  10. Peblo

    Peblo Guest

    Kelly - it is b**hit - what if it says 25% of the account cause this is the case?
     
    #20     Feb 25, 2020