"every single trader out there seems to make the same mistake over and over again. their position size is probably two to ten times more than it should be."
martin shkreli built a kelly criterion simulator to test exactly this.
"most folks don't actually have an edge when they trade. but if they did, they're trading as if they had a 4x or 5x kelly edge."
"if you run the simulator, you will go to zero each time."
"even with a 60/40 edge on every trade you make, you'll go bust if you overbet."
"and who has a 60/40 edge in the stock market? nobody has a 60/40 edge."
even a real edge, sized wrong, still ends at zero.
sizing is too commonly the part I see every trader consider second or third.
worked through some breaking changes related to how hyperliquid deals with tick validation amongst other things. its really quite simple. u download extension, draw long short tool on chart and press alt+x it does it and u dont have to use your big bwen to do da risk stuffs
Omnes certant ad mercatum emendandum.
Catenae celeriores.
Terminales callidiores.
Diagrammata mundiora.
Liquiditas profundior.
Plura data.
Plura signa.
Nemo tamen miratur cur mercator eadem errata pergat.
Fortasse mercatus alia emendatione non eget.
Fortasse mercatori opus est. https://t.co/aUJPuIqUJl