Recent content by rvince

Daal, You're harping the party line, and your saying that shows that you don;t know what it is. You don't KNOW what your optimal f is in the future -- that's what will get you broke. Not Optimal f. Read the paper I cited a few posts ago (not the Michael Harris one, but rather the IFTA one...

Along these lines, the Kelly Criterion is not necessarily applicable trading because, contrary to what Kelly presented (p925) in his paper, it does not yield the optimal "fr action" to risk, but rather, a risk factor. That's ok, provided you understand that going in -- if not, you will be...

I believe he is referring to the Kelly formulas which give you the answer satisfying the Kelly Criterian in closed form for binomial outcomes. -Ralph Vince