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Apples and oranges; don't confuse the two. Kelly is position sizing (aka money management): deciding how much money to trade in the instrument of choice. Profit taking is exit strategy: deciding when to bail from the instrument of choice. Kelly's formula for a casino game makes...

The coin flip was merely an example to get the OP thinking about optimal position sizing. Sorry if I left too much to the imagination. And I must say that I'm always amused by "experts" who claim Kelly sizing can't be applied to trading. They apparently want somebody to hand the...

If you're risking half your trading account on each trade, that's not money management, that's gambling. Even blackjack cardcounting experts wouldn't take that kind of risk (ignoring the additional risk of casino survellance). As a simple example, suppose you had a situation where you flip a...

While I agree that it's amusing to see kneejerk reactionaries go apeshit over Ellison's stance, it really has been blown out of proportion. Christian politicians get sworn in on their personal Bibles all the time. All Ellison had to do was bring his personal Koran to the swearing in and use...

Obviously, you don't know shit about me. Obviously, you don't know shit about the US government, either. Since when is a US Senator subordinate to the President? Entirely different branches of government. I'm thinking you khan-servatives are so anti-freedom that you can't even fake...

Projection, much!! ET search: "hapaboy" and "Coulter" : 103 hits. Go find a shrink, reichtard loonie. :p

Rumsfeld didn't resign, he was told to "resign", and he gave a world-class sore-loser speech on his way out the door.

It's insulting to both Webb *and* his son because IF Bush really gave a rat's ass about him or any other Marine, he would not have sent them into harm's way in a totally needless war of CHOICE (Iraq). And that "punk" was first in his class at Marine Officer Training School, then a decorated...

It means he hasn't figured it out, and he can't believe that there's anyone smarter than him who has figured it out. :) It happens even to bona fide geniuses. Einstein was completely wrong on quantum mechanics, because he couldn't accept the notion that "God plays dice with the universe."

Aahahahahaha! There's that rightwingnut wet dream that never fails to amuse. Newsflash: Not one Democratic incumbent lost his or her seat. Not One. Suuurre, liberals are disappearing; keep telling yourself that. Look out, FTF, there's a liberal under your bed RIGHT NOW!! Run for...

LOL!! I can tell already that it contains more truth and wisdom than all of her previous tree-slaughters combined. :D :D

Monkey see, monkey do! :D :D :D :D When's the last time a khan-servative had an original idea? I think it's been at least a century. Dennis Miller used to be funny, then he became a khan-servative. That pretty much says it all.

So the husband of Mary Matlin, a "Democrat" who is literally sleeping with the enemy, has decided that Howard Dean is bad as the leader of the DNC because "the margin of victory shoulda been largah". ROTFLMAO !!!!! followed by utter disgust. :mad: This is proof that for hacks like...

There's nothing wrong with using a weekly chart but "holding at least a couple of months" indicates that you are trying to tell the market what to do rather than letting the market tell you what it is doing. The market -- not you, not I, not anybody else -- will decide where it is going and...

I use the following: .94*O + .03*H + .03*L The advantage of that formula is that I make no assumptions about whether the slippage is favorable or unfavorable, it simply is accounted for. HTH :cool:

How can we know if they work or don't work if you won't give us any numbers to evaluate? If you did a grand total of, say, five trades with Aztec and seven trades with Aberration, those are insufficent samples from which to draw any statistically valid conclusions about the performance of the...

I "love" this Ralph Vince guy. He obviously doesn't know squat about optimal sizing yet feels competent enough (or greedy enough) to write several books on the subject. :p When you're done wasting your time and your money on books written by posers, go to gummy's website (for free!) and read...

Hi, Cognition Pardon my ignorance but exactly what is being optimized by GA? I have a specific class of strategies to be tested, fwiw. Thanks.

And if you don't have an edge, the best money management in the world won't save you. The edge is knowing when to trade; money management is knowing how much to trade. Apples and oranges, but mixed together. :cool:

:confused: I see a stock screener; I don't see a backtester.