Beni
17.1K posts

Beni
@beniduboss
Ex-Quant Trader | Co-founder Stealth AI Startup | The only metric of success is happiness











I want to sincerely apologize to all the girls in my life who complained about their anemia whilst I dismissed their complaints This shit is no joke Frantically calling every doctor I know to get an IV iron infusion next week cause it’s legit impossible to get anything done






Please don't use kelly for trading. It is not suitable. I see so many people posting about kelly this and kelly that related to trading. Kelly was originally designed for gambling. Gambling has fixed rules that typically favour the house but in some cases you can find an edge. Because the rules and the environment are fixed, the edge can be calculated. In trading you have volatility clustering and fat tails and everchanging environmental chaos from both external event, varying participants and market internals. Kelly assumes fixed and known constants. In trading NONE of these is true: - Environment is known and constant - Ratio of wins/losses is constant and known - Payout is constant and known You can get much better results via backtesting with decent sample size + monte carlo uncertainties. /rant






