A big part of the concept of using the principals of the “kelly criterion” in your advantage is understanding that you can leverage multiple bets simultaneously if they are INDEPENDENT and that the more independent profitable bets at once, the better (with all other things being equal). The markets rarely have complete independence and...
The first trading systems I learned about were very different from each other. One of them had selling points based on price targets or going below a certain price, the other sold stocks every 4 weeks. One of them had some more complicated rules, while the other system was basic. The first system was...
We talked about investing for dummies, however we really only got into a brief guide on how you can diversify, but we really didn’t cover money management for dummies. Money Management involves not only diversifying among multiple asset classes, but also rebalancing your portfolio, buying gradually and perhaps more importantly how to save up...
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