Search found 6 matches

by sodaTab
Sun May 13, 2018 11:07 am
Forum: The Trade Room
Topic: Discord Server Invite
Replies: 0
Views: 2572

Discord Server Invite

In case you missed it, the official GST discord channel invite is https://discord.gg/7z6M5RH
by sodaTab
Mon May 07, 2018 3:35 pm
Forum: The Trade Room
Topic: Reading Recommendations
Replies: 3
Views: 3010

Reading Recommendations

Most of these are old classics, but don't let that deture you from reading them. They are entertaining as well as educationional. 1) "Reminiscences of a Stock Operator" This is by far my favorite trading book. The book tells the story of Livermore's progression from day trading in the then so-called...
by sodaTab
Mon May 07, 2018 2:31 pm
Forum: The Trade Room
Topic: The Kelly Criterion
Replies: 5
Views: 3356

Re: The Kelly Criterion

This calculator will take care of the equation for you after you've found your win/loss ratio.
http://www.albionresearch.com/kelly/
by sodaTab
Mon May 07, 2018 12:03 pm
Forum: The Trade Room
Topic: Rebel Traders Podcast
Replies: 2
Views: 2761

Rebel Traders Podcast

https://itunes.apple.com/us/podcast/rebel-traders-podcast-stock-market-trading-strategies/id1282002114?mt=2# These guys put on a fantastic show every week. Give them a listen, these are two veteran traders taking about everything that has to do with trading. Thank you Sean and Phil for all of the i...
by sodaTab
Mon May 07, 2018 11:41 am
Forum: The Trade Room
Topic: The Kelly Criterion
Replies: 5
Views: 3356

Re: The Kelly Criterion

It depends on how much risk your willing to take. The half Kelly is a safer bet especially if your just starting out.
by sodaTab
Tue May 01, 2018 7:54 pm
Forum: The Trade Room
Topic: The Kelly Criterion
Replies: 5
Views: 3356

The Kelly Criterion

I believe that the Kelly criterion is something everyone should know. If you use this with a positive win/loss strategy, you'll be bound to make a profit in the long run.

Below is an article that I thought explained its usage well.
https://www.forexboat.com/kelly-criterion/