Day Trading and Leverage - The Kelly Criterion
Feb 04, 2021•19 min
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Episode description
Send us a textThis weeks podcast discusses some of the lessons that can be taken from the world of gambling that might help a trader with sizing their trades. We discuss what returns a trader might reasonably expect from the market. We look at the Kelly criterion (also known as the Kelly system or Kelly formula), to see if it can provide any insights to investors.Patricks' Books:Statistics for Traders: https://amzn.to/3eerLA0Financial Derivatives: https://amzn.to/3kwsPSrCo...
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