Forum: Psychology and Money Management
January 23rd, 2013, 07:09 PM
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Replies: 29
Views: 16,240
And because the trader with a proven edge can...
And because the trader with a proven edge can still get ulcers.
Also, as I understand, kelly shows you how to maximise returns, but it also increases risk.
It's a matter of risk appetite it seems...
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Forum: Psychology and Money Management
January 23rd, 2013, 06:37 PM
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Replies: 29
Views: 16,240
I'd assume the main reason for suggesting...
I'd assume the main reason for suggesting half-kelly is because the average person would prefer sub-optimal returns with a benefit of avoiding ulcer from the stress of a lot of leverage!
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Forum: Psychology and Money Management
January 23rd, 2013, 06:19 PM
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Replies: 29
Views: 16,240
It's great to hear from experienced...
It's great to hear from experienced professionals, especially when they are practical and modest like Ernie.
Thank you Mike once more for giving people from all around the world access to serious...
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