If you use leverage, using the Quarter Kelly is your safest bet. I tried to explain this in the simplest way possible, so next time, you know the percentage of your capital to risk.
Position Sizing Using Kelly Criterion
The Kelly Criterion is a mathematical formula that tells you exactly what % of your capital to bet on each trade based on your edge.
Let's delve right into it.
So based on Kelly Criterion you're expected to risk 46% of your account.
But professional traders don't use Full Kelly, they use Half Kelly or Quarter Kelly.
Half Kelly: 23.33% (for aggressive traders)
Quarter Kelly: 11.67% (for professional traders)