Name: KELLY CRITERION | Ed Thorp | Optimal Position Sizing For Stock Trading
Uploaded: 2020-08-22T15:58:56+00:00
Duration: 8 min 13 s
Description: KELLY CRITERION | Ed Thorp | Optimal Position Sizing For Stock Trading The Kelly Criterion calculation was created by Ed Thorp and made specifically to beat the game of Black Jack. Later used by the l

5 years ago

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KELLY CRITERION | Ed Thorp | Optimal Position Sizing For Stock Trading

The Kelly Criterion calculation was created by Ed Thorp and made specifically to beat the game of Black Jack. Later used by the likes of Jim Simons and even Warren Buffet to determine position sizing for the financial markets.

I personally use Fractional Kelly to optimise my trading strategy which adapts to my trading performance (or edge) over time.

For those interested I also include my stock trading spreadsheet and Kelly Criterion calculator to calculate position sizing.

Links:-

My Brokerage Account (Interactive Brokers) - https://bit.ly/3UGvn1U
25% Discount Stockopedia - https://www.stockopedia.com/new/?coupon=fw25
Risk/Reward trading spreadsheet - http://bit.ly/3ea6sl8
My Trading Spreadsheet/Calculator - http://bit.ly/3ea6sl8
Technical Screener - http://bit.ly/40S034v
Back test software - http://bit.ly/3oO1exN (20% Discount code FWSDM)
My Breakout Scanner - http://bit.ly/40S034v
My Forum - http://bit.ly/40S034v
FREE Trading Tools/Software/Stuff - http://bit.ly/3ea6sl8
My Strategy Blueprint - http://bit.ly/40S034v
Edgewonk Trade Analysis Software - https://bit.ly/3xS6S7s Coupon Code = FWISDOM

Stock Trading videos:-

Investing videos:-

Joel Greenblatt - https://youtu.be/l8Y1WXrLEwM
Tony Robbins - https://youtu.be/PCHIMQ78taY
Robert Kiyosaki -https://youtu.be/rY3koC-n8CQ
The Naked Trader - https://youtu.be/_kFkVgS5oSs
Common Stocks Uncommon Profits - https://youtu.be/iypQcbywYUE
A Random Walk Down Wall Street - https://youtu.be/GCGYAWTX6vE
Vanguard Index Investments - https://youtu.be/Bc4HiafBw3o

As a professional trader I have consumed hundreds of financial books and endured countless hours of self education. My hope is that this channel will reduce the learning curve duration of many aspiring traders by providing the key information in a concise and enjoyable manner.

I also offer a paid subscription service for those looking to see all my investment decisions.http://bit.ly/40S034v

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