Kelly Criterion & Risk Of Ruin As Risk Management Tool

Discussion in 'Risk Management' started by ironchef, Jul 4, 2017.

  1. rvince99

    rvince99

    It arbitrary. To me there are no significant price points.
     
    #241     Jan 30, 2018
  2. ironchef

    ironchef

    Maybe so but for someone who has been in this game for so long and is a successful professional money manager, your instinct must mean something? I would have guessed $14-$15.o_O

    Thank you for responding, I appreciate it.
     
    #242     Jan 30, 2018
  3. ironchef

    ironchef

    MrScalper,

    :thumbsup::thumbsup::thumbsup:

    Your advice is invaluable for days like today and weeks like last week:

    By trading at < 1/4 Kelly, I am also limiting my losses. So, thanks to all you folks that help me understand Kelly and the risk of ruin.

    Regards to all,
     
    #243     Feb 5, 2018