It worked brilliantly for a long time...I did 140winning trades in a row...and then one time it didn't work and I lost 6.5k and it really put me off using it? I was using a slightly different version of martingale...not double but triple so the average price would come really close to you...
Also while we’re on the subject do you have any thoughts on Ryan Jones’s fixed ratio analysis for compounding profits for maximum growth of the account? In principle it sounds like a great idea and seems to make sense but I’m interested to see if anyone has used it in a practical situation and...
but what about position sizing? If Kelly is not the best way which I agree I dont think it is for trading....what have you guys found the best way to calculate optimum position size?
Do any of you actually have practical success with Kelly? R Vince says it is not the right model for trading and optimal if is better for trading. I would be interested in your thoughts...
Position sizing is so critical mathematically to ultimate success from what I've discovered. More so than you instinctively think. There are lots of formula's out there...but which one is the best...