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Speaking of fictitious black-on-white crimes, here's a golden oldie: http://www.elitetrader.com/vb/showthread.php?s=&threadid=142346

A lot of what AAA posts wasn't even out of Optional777's league. AAA usually disappears from a thread once his thesis has been exposed as nonsense, as for instance in THIS thread. :D

Yep, it's a hoax. Even the Keystone Cops would have taken in the gasoline container as evidence. Case closed. http://opnateye.com/?p=384

This reminds me of The Sopranos. Whenever some out-of-line good fella got whacked by his own gang, they blamed it on "two black guys". It was a recurring theme on that show.

edited for accuracy

Once again, you're confused. I didn't say I made no assumptions at all, I said I made no assumptions ABOUT MARKET BEHAVIOR. I don't know if your problem is reading comprehension, cognitive ability or a combination thereof but you should seek help for that.

Do you plan to revisit the issue of position sizing or is that settled for you? (Optimal-f?)

You're confused. First, I'm not the one who brought up formulas, I just pointed out that mathematical formulas don't have to be exact in order to be useful. Second, I couldn't care less about price or market modelling. Complete rubbish IMO. My approach to trading is scientific precisely...

That's bullshit. Most of the windfall profits go to pay CEOs and other top execs outrageous salaries. The difference between CEO and ordinary worker salaries in the USA is a ridiculous outlier when compared to the rest of the world. Unbridled avarice, pure and simple.

Greedhead 1%ers are finding out the rest of the world's workers don't like being treated like shit any more than American workers do. BTW would you want to depend on medical supplies made in Bangladesh? :( http://libcom.org/blog/workers-china-kidnap-their-boss-25062013

EUNOCHS? Lol. The author of that article needs a spelling tutor. http://www.thedailybeast.com/newsweek/2013/01/04/eunuchs-of-the-universe-tom-wolfe-on-wall-street-today.html

Bingo. This nonsense that trading can't be approached scientifically is just defeatism right out of the gate. I don't know why people like that even bother trying to trade. By the way a mathematical formula doesn't have to be exact to be useful. A famous example is Ramanujan's formula...

It's just amazing how people can patent shit that demonstrably does NOT work, e.g., time machines.

Nobody said anything about accuracy. :D

2*MAtoday - MAyesterday

Since Kelly sizing was specifically designed to maximize profits, it makes sense that Kelly sizing would correspond to the highest profit factor. The main problem for most traders is that the publicly available Kelly formulas are all approximations once you're dealing with any betting or...

Yo, asshole. The whole reason they lost their limbs was because Bush sent them into a war that completely lacked moral and logical justification.

You dare to draw a Mega false equivalency between the handful of guys who died in Benghazy from a terrorist sneak attack with the 5000 who died in Iraq from the Bush war of choice with tens of thousands maimed and wounded and trillions of dollars cost? You really are the dumbest righturd to...

Very vital. Every trader must answer three crucial questions. • when to enter a trade • how much to enter the trade (position sizing) • when to exit the trade It isn't a competition between these questions. All three must be addressed to have a successful trading system. It...

Exactly my position as well. :) My question in the OP was what is acceptable for a trading fraction, if you could restrict the range of values around the optimal trading fraction? I gave my ideal range of values (95% to 105% of true Kelly) but I hold back my acceptable range because I didn't...