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You are absolutely correct. There can be no refuting what you wrote. Joe.

There is no one way to do anything. I use set-ups that are binomial and while not exactly fixed odds I "know" my average risk/reward. I use half-Kelly to size my "investments". Sometimes this % is less than 2% but more often than not it is greater than 2% because I do a lot of hedging...

I think I've seen this movie. It was titled: The Producers. Joe.

I would hate to see what you would write if you WERE being rude! :eek: Joe.

You are absolutely correct, I used PF incorrectly. I think my point about win % still stands as an important element, at least to me. What I wanted to convey is that I prefer a system with a higher win % than a higher edge % if the Kelly computation results in a larger gain based on optimal...

The problem is that the correct % of bankroll to invest for optimal growth for a system that has a 50% edge and 1:1 risk is 25% of the bankroll. No other % in this scenario will grow your bankroll as quickly as investing 25% of your bankroll on each one at a time individual trade. What your...

Be back later when I have more time to do this. Joe.

Your example is wrong because it does not include the edge that would allow you to make a 50% investment. Assuming that your win/lose ratio is 50/50, your edge must be 50% for one to invest 50%. That means that based on $100 investments, when you lose, you would lose $100 but when you win...

My personal opinion is that one should always use a % and that % should be based on your edge/risk but of course it is not the only way to do things. Again, one must do what works for them. However, to post that one should never use a % and that it is bad MM just isn't correct if one applies...

First, generalities are not a good way to determine size IMO. It depends on the specifics. In addition, while my investment/wagering accounts are part of my TLNW, I determine the size of my investment/wager based on the size of that particular account/strategy and not on my TLNW. I use the...

One thing I would like to point out is that as soon as someone says that this or that is unimportant or can't be used, I can almost guarantee you that someone is in fact using it successfully. There are too many blanket statements IMO. There is more than one way to do just about anything...

Frankly, the "bad" posters don't bother me as much as the posters that should know better but continue to respond over and over again and at times even become childish and then others join them in the taunting. In the end, these posters actually kill a lot of threads more often by cluttering...

I was considering contacting you but then I noticed that your last post was in Daily Hottie and decided that you may be too distracted to make a successful go of it. Joe. :)

What you wrote above is exactly the problem IMO. What is the definition of wrong? What may be "wrong" to you may be something that I or somone else uses or does successfully. Just because someone does something differently or uses different "indicators" differently doesn't make them wrong...

I wish you guys would just leave me out of this! Joe.

Ah, just how I like to play it on live sportsbetting. I will take $100,000.00 on Gambling Buds and $18,461.54 on Douches Here. :) (Sick, I limited my wager to my available cash but I will PM you and you can simply send me the $1,538.46 I just won :D ) Sick, what was your name on the SBR...

Buying options is only a fool's game if you treat it as such. There is no inherent advantage to either buying or selling options. However you can develop strategies for both and one's that combine the two if you find an edge for doing so. Joe.

+1 I honestly believe that people would learn more about trading and have a greater chance of being successful by learning how to wager on live action sportsbetting and applying gambling bankroll money management. For those that insist that gambling is a dirty word and that you are...

Good luck. Joe.

My definition of “edge”: After completing a statistically valid number of transactions chosen by a methodology, the gains of my successful transactions exceed the losses of my unsuccessful transactions. If I cannot prove the above to myself then I have no reason for making any...