Day Trading and Leverage - The Kelly Criterion
Patrick Boyle On Finance - A podcast by Patrick Boyle
This 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/3kwsPSrCorporate Finance: https://amzn.to/3fn3rvC Patreon: https://www.patreon.com/PatrickBoyleO...Website: www.onfinance.org Twitter:https://twitter.com/PatrickEBoyleBooks:Ed Thorpe: https://amzn.to/3hG5gW4Fortunes Formula: https://amzn.to/2YZAr7N When Genius Failed: https://amzn.to/3jhsUIWPatrick on coffeezilla discussing these topics: https://www.youtube.com/watch?v=JfP4r...Support the show