Top Tweets for #KellyFormula
Kelly Criterion = Position Sizing Weapon 📏
Not all trades deserve equal capital.
Use Kelly % to size bets with edge.
This is where gambling math meets market logic.
📲 https://t.co/RzvSGcIAoQ
#KellyFormula #PositionSizing #TradingEdge #EquityCurve #TraderMath
#bookstoread
Great read. @MohnishPabrai is the author.
Few bets, Big bets, Infrequent Bets.
#Kellyformula
#DhandoInvestor
#Learning #investing
The #Kellyformula optimizes bet size according to perceived +EV. It's an invaluable tool.
f = [bp-q]/b
f = % of current bankroll to #wager
b = net odds on wager (i.e. pot. win ‘$b’ per unit bet ‘$1’)
p = the prob. of #winning or #covering the #bet
q = the prob. of losing (1-p)
![jvculver88's tweet photo. The #Kellyformula optimizes bet size according to perceived +EV. It's an invaluable tool.
f = [bp-q]/b
f = % of current bankroll to #wager
b = net odds on wager (i.e. pot. win ‘$b’ per unit bet ‘$1’)
p = the prob. of #winning or #covering the #bet
q = the prob. of losing (1-p) https://t.co/qbhFrSLIzd](https://pbs.twimg.com/media/Fpi-QvDWAAE4U1D.png)
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