Use This Gambling Formula to Size Your Investment Positions

The Kelly Criterion is a formula that has been used for decades now by gamblers, investors and traders alike to properly size bets, trades, and positions. The equation looks at both the probability of winning and the amount normally gained or lost to produce the proper percentage to allocate. Without discipline in sizing your bets, one losing trade can wipe you out. If you size each position correctly though, your wins will outperform your losses.

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Sources for Video:
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https://blogs.cfainstitute.org/invest...

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I am not a CPA, attorney, or licensed financial advisor and the information in these videos shall not be construed as tax, legal, or financial advice from a qualified perspective. Linked items may create a financial benefit for Heresy Financial.