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  1. O

    Money Management

    Q http://www.elitetrader.com/vb/showthread.php?s=&postid=930367#post930367 UQ
  2. O

    Money Management

    Apparently we practically would have to take so many factors into consideration to determine a proper size, and several of these factors you mentioned above have not been included normally with the Standard Kelly formula. Some factors would be even allowed to choose certain subjective values...
  3. O

    Money Management

    When you mention "1/10 Kelly = 9%", are you implying Kelly = 90%? Why use 1/10? Are you using 1/10 of Kelly all the times? I'm just curious, and wondering. TIA.
  4. O

    Money Management

    Would you mind to point out anything wrong with the opinions, so that I could learn more from this borad (that's why I come here)? Thanks in advance! :)
  5. O

    Money Management

    Thanks for pointing us to the generalizations, variations and practical aspects of applying Kelly principle, rather than a static Kelly value. :)
  6. O

    Money Management

    Those input are other people's insights/ ideas, not mine. I'm still learning.
  7. O

    bund vs ty

    Certainly true. Thanks!
  8. O

    Money Management

    Q Money Management Traps http://www.isigmasystems.com/mm2.html Novice errors Out of all the mistakes in money management, by far the most common is to take recklessly large positions. This typically occurs where a trader decides an instrument looks like a favorable profit opportunity...
  9. O

    bund vs ty

    Are there any underlying reasons using 1.60 (8:5) instead of 1.67 (10:6) ? Is that mainly due to exchange rates? Thanks in advance!
  10. O

    Money Management

    More comments regarding the limitations of Kelly value from the same author/ book/ chapter above: Q However, the Kelly formula is only applicable to strategies where every winner is the same size and every loser is the same size - hardly the case in actual trading. ~ snip ~ As...
  11. O

    Money Management

    No wonder why recently so many posts on ET mentioning and promoting "Kelly". :D Q Has anyone used the Edge/Odds formula in investing...
  12. O

    Words of Wisdom

    Truly words of wisdom. :D
  13. O

    I have stopped trading futures

    Which ones you think he's talking about? http://images.google.com.au/images?q=seats&sourceid=mozilla-search&ie=utf-8&oe=utf-8&client=firefox-a&rls=org.mozilla:en-US:official&sa=N&tab=wi :D
  14. O

    What College Degree Is Best For FX?

    Excellent advice. Besides, perhaps financial risk management and computer programming could be useful one day.
  15. O

    Money Management

    Someone must be joking - if not oversimplifying. :D
  16. O

    Stanford MBA vs Berkeley Financial Engineering

    Agree - 100%. A part-time Executive MBA paid by the employer would be the best option in this case.
  17. O

    Words of Wisdom

    Q Murphy's Laws in the Stock Markets http://www.greekshares.com/murphy's_laws.asp Developing Trading Strategies * Sometimes it takes several years to recognize the obvious. * The simpler it looks, the more problems it hides. Buying Stocks * If anything can go...
  18. O

    Stanford MBA vs Berkeley Financial Engineering

    Very well said. My understanding is the whole industry of conventional approach of management education for the aim of producing corporate executives has been critically reviewed by many for years. An alternative management education for the aim of nurturing value-creating professionals...
  19. O

    Money Management

    Looks like you after starting this thread have now trusted your knowledge of MM very much - perhaps good enough to provide MM consulting services. Good luck again to your journey. :)
  20. O

    Words of Wisdom

    He must be retiring a very wealthy young man, I would guess. :confused:
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