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For those of us who watch CNBC's American Greed, in the relatively few cases where some ponzi scheme scammer actually tried to trade on their own, they all failed miserably at it. Nuff said.

Idiots will find cause to reject anything, no matter how reasonable and beneficial it is. Also, crappy formulae like CK that lead to ridiculous trading fractions.

Of course not. I know five separate Kelly formulae, four of which are publicly disclosed. I started this thread to point out the worst of them (CK), which for some reason a lot of people believe is "true" Kelly. As I've demonstrated, it isn't even close to the real thing.

Obama will be remembered for (a) saving General Motors, (b) killing Osama bin Laden, (c) giving Americans national health care. Bush will be remembered for (a) letting 9-11 happen on his watch, (b) making people take off their shoes just to board a f'ing plane, (c) not knowing the order of the...

Never liked the guy. You know a pol's a fuckup when he makes his felonious predecessor look good by comparison.

" An event or occurrence that deviates beyond what is normally expected of a situation and that would be extremely difficult to predict." (Investopedia). Mine would be a mathematical relation : Black Swan == { df < kest } , where df is the doom fraction, and kest is the best Kelly-fraction...

There is a Kelly formula floating around which is just as bad as if not worse than the Bad Kelly formula. This "continuous Kelly" formula (hereafter abbreviated as CK) has been proposed by a famous mathematician. But mathematicians understand the limitations and dangers of using certain...

Not really. The holy grail of trading is like the original Holy Grail: unobtainable. Anybody who thinks he has found the HG needs a reality check because he is just fooling himself. The holy grail is like the horizon: you can walk towards it but you'll never reach it.

You remind me of the guys who go into an established field, say physics, and decide to redefine one or more established terms to mean something they were never meant to mean. These people are called cranks. A holy grail trading system is one that never loses ("100% system"). Perhaps you...

I'm not going to go thru all this clown's past postings and his fanboys' pity party. Bottom line: was he monetizing his crap (newsletter, portfolio management, etc.) or was his blog the whole of it? I can forgive a blog, even a worthless one. The "gurus" who bother me are the ones who...

It's probably due to the fact that the Sharpe ratio is a poor measure of performance. This is due to the fact that standard deviation is a poor measure of risk. Standard deviation was invented by statisticians to measure uncertainty, not risk. When a lazy economist decided to use standard...

I look at this guy and most of the scheming scum that get profiled on American Greed and wonder why anyone trusted them in the first place. They don't look trustworthy enough to ask directions from, much less entrust my money to.

And I'll bet the "catering manager" claim means he was just a hotdog vendor. :D

In other words you're too stupid to figure out how to use the insane leverage offered in forex to your advantage. People who use volatility as excuses for why they're poor forex traders are pussies.  

Can you increase the forex volatility with leverage?

Are you kidding me? I'm done indulging your pathetic ignorance of the math behind optimal geometric growth. http://www.elitetrader.com/vb/showpost.php?p=1577681&postcount=1

Prove it.

You've ignored a large majority of my post. Did any of that register with you? Also, the thing to be maximized is not log($), it is log(rate of change of $). If your $ goes to zero (always a possibility), then log($) goes to negative infinity, which is meaningless.

I should have paid more attention to this. Here's a shocker: it does not matter what your freakin' net worth is. Because of the betting constraint, all you can maximize is your bankroll ($1000 initially). You're hung up on the expected return per spin. There's a reason why expectation alone...

Hi, Dom Congratulations on your new business endeavor. Best wishes for your success.