WHY 99% OF TRADERS BLOW UP (THE KELLY CRITERION)
Even with a 60% win rate, over-betting guarantees mathematical ruin:
f* = (bp - q) / b
Institutions use Half-Kelly. Math beats emotion.
#CryptoTrading #Quant #RiskManagement #ApexQuant
Even with a 60% win rate, over-betting guarantees mathematical ruin:
f* = (bp - q) / b
Institutions use Half-Kelly. Math beats emotion.
#CryptoTrading #Quant #RiskManagement #ApexQuant