Builder, i'm looking for a big move down, unsure of target though. Keep being whipsawed.
Trying again!
Filled on stops overnight, short 100.65, stop 101.50
I've recently realised that i don't need to limit myself to trading breakouts. I can trade retracements if i want to. That's after at least a decade of trading breakouts. You learn something new every year in this biz.
:p
I think you are confusing net worth and bankroll btw. Net worth could be a million pounds. I may however only take £100k of that as being my bankroll or account size. The Kelly fraction is then applied only to that bankroll of £100k. So say you have a trading strategy that has a positive edge...
markettimer, you only have $1000. That is it. No million, no outside investors, nothing mate apart from a grand.
Either you do the fractional betting as discussed in the thread or you go for the "arbitrage " where you allocate the entire bankroll across the wheel such that you make money on...
If i knew i had only 1 more day to live, i wouldn't be wasting my time playing a roulette game regardless of how much ev there was!
The value of the time i had left would outweigh any possible monetary gain.
Kelly fraction applied per spin maximises the expected return over 1 spin, 5 spins, 10 spins, 1 million spins. The optimal fractions to use (because we have more than 1 possible +ev bet and one of them overlaps) have already been discussed.
The bankroll is $1000, not $100, for starters. You only have a thousand dollars, nothing more. You are only allowed to lose yur initial thousand dollars. There is no need for outside investors lol.