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Do you mean Martingale bet (strategy) in poker? Trading has Kelly, in addition to the Martingale. Therefore trading has a lot more flexible strategy choices than poker, even than no-limit Hold'em. There is no all-in of the opponent(s), in the sense that Wall St has trillion dollars much...

Specifically, in Hold'em, there are about 4 bettings (preflop / flop/ turn /river) so that poker might be a discrete game based on 4 steps of conditional probability. It might be a case of Markov chain, IMHO. Meanwhile, trading is continous so that there will a lot of small edge to search...

It is good to hear "continuous process" and "discrete event". Also unlike stock market, ego is another important factor in poker. In Brick and Mortar poker room, many stupid players tends to play wrong based on his/her ego himself . Even in online poker, almost none use programming. However it...

Suppose we have a seed of 10K. Each time you pay $1 like in IB, so that buy/sell costs $2. Each day if you trade 30 times, for 60 dollars everyday. For roughly 240 days in one year, annual commission have total of 240*60=14.4K. Therefore if you reduce from 30 to 10 times, then annual expense...

In trading equity, it is very hard to lose a lot too. Because one knows how to lose fast, then he better to short the same symbols at the same periods. Of course comission is important. In either way, my guess is that total commission might be more than half of his original seed, in the long...

No objection. Poker is similar to trading, in the sense of rake and commission. In the long run, more than half goes to the two if you do those often, IMHO.

Maybe you are talking about rake in biggest poker room(data at least 5 years ago) Commerce(243 tables, 2400 employees) commercecasino.com 5 tables of $20/$40 LHE $1+$4, free meal 4 tables of $40/$80 LHE $1+$4, free meal 8 tables of $200buy ($3/$5) NLHE $1+$3+$1, no free meal, rebuy up to...

Dear- There are many ways to retrieve historical data, e.g. yahoo.com or google.com. I wonder if we can make OUTPUT file of last 1200 days and 400 equities, with 1200 rows and 400 columns, given the INPUT file (symbols of TAB format) as attached below. Therefore the TAB text with name...

IMHO, there are ONLY three such cases, in capitalism. 1)equity 2)land(real estate) 3)bond. As long as the average income in the nation increase, every participant could be a winner in the long run. Therefore the three are zero-sum games after the index. However, future/option and...

I should agree your opinion. The more players in one table, the better chance.

Among them, I have intererst in Unix in a nutshell Python - essential reference Learning python **************************************************** Many use IB for his primary platform in elite. Do use use python, to connect to IB?

Anyone use the trading idea, with use of the Kelly and efficient frontier, in the book?

Dear- Everyone has his own books in desk. Here are mine. Any other recommendation is welcomed. 1) http://www.amazon.com/Mathematics-Money-Management-Analysis-Techniques/dp/0471547387/ref=sr_1_1?ie=UTF8&qid=1429909975&sr=8-1&keywords=mathematics+of+money+management 2)...

Stock Market has been open in Amsterdam roughly 400 years ago, to encourage speculation for tax purpose (if I heard correctly) However, money lending with interest was more than 2000 years. Suppose one average-asset person collect compounding interest 8%, for 2000 years, how much asset he...

Please remember that the best rich family, such as Rothschilds, does not speculate the real estate. I guess they may not invest stock market too. "Lender shall win over investor in the long run" might be their legacy many years. Maybe annual 8% winning, with no risk at all, will take all the...

That might be a coincidence. None has consecutive luck in the long run. But I agree possible bull (mountain top) and only less than quarter of my asset is in equity. 3/4 is in cash expecting a hugh drop in the near future. Personally, instead of 0% of equity as "jump off the bull", 25% is my...

At the age of 20s and 30s, it is not easy to save 1K. But with knowledge of 20% compounding you choose to save/comsume. In 20s and 30s, working is more rewarded than investing, as 1K of capital gave me ONLY $200 annually. So save 10K for annual 2K return, for better "The dollars per hour...

Of course 1.2^45 = 3657.262 ~=4000 and 1.2^50 = 9100.438 ~=9000 So, exercise everyday to keep healthy body so that you are suppoed to be VERY RICH in case you live 5 or 10 years more. Borrowing money depends the interest. If you are confident to have annual 20% compounding strategy, then you...

Most cannot be a millionaire. My point is that annual 20% compounded to 4000 times after 40 years.

My point is how many percent we have outperformed, in the log time of periods. For example, as in http://www.berkshirehathaway.com/letters/2014ltr.pdf , can you satisfy if your record has only annual 10% over annual 9% of index, like Buffet?