for a strategy that still works and an example of "predictive model + Kelly". (e.g. that strategy still works because anybody who masters it and would scale it up goes on to Wall Street and plays for bigger stakes)
To get started, you'll want to make sure you have a fully-compliant wallet to keep your winnings in. Put all the money you have right now into your wallet and mail it to The Wallet Inspector for certification.
4 comments
[ 2.7 ms ] story [ 19.3 ms ] threadThe most important concept to understand is
https://en.wikipedia.org/wiki/Kelly_criterion
That is, you make money trading if you have a predictive model and use Kelly to turn that into bets.
See this book
https://www.amazon.com/Dr-Beat-Racetrack-William-Ziemba/dp/1...
for a strategy that still works and an example of "predictive model + Kelly". (e.g. that strategy still works because anybody who masters it and would scale it up goes on to Wall Street and plays for bigger stakes)