The Kelly formula gives the share of your account to risk for the fastest long-run growth. Why that answer is too big for real trading, and what half Kelly costs…
Risk & Money Management
All articles, page 3
The win rate you need is 1 divided by 1 plus your reward-to-risk ratio. Why 70% can lose money, why 30% can make it, and the streaks each one brings.
Two traders, one strategy, very different results. The losing-streak and recovery maths that make risk management matter more than your entries, with tables.
Every order trades certainty of fill against certainty of price. Market, limit, stop and stop-limit orders compared, with what happens in a gap.
Expectancy is the average you make or lose per trade, in R. The formula, how to work it out from your own journal, and how many trades it takes to…