Rebel Traders 017 : Kelly’s Heros
Can a old Bell Labs formula for handling long distance noise actually be the ideal money management strategy for your portfolio? Sean & Phil put on the tin hats and dive behind enemy lines to find out...
WHAT IS YOUR TRUE TRADING POTENTIAL?
Take our trading potential quiz and get a custom report based on your unique strengths, and discover how to successfully and consistently trade the markets — in as little as an hour.
The Rebel Traders are always looking for strategies that give them the extra edge in the markets and in this weeks show, Sean and Phil are putting on the tin hats, jumping across enemy lines and looking for the hidden gold with a much heralded money management system derived from a formula originally developed for Bell Labs and AT&T for handling long distance noise on their phone lines…
Yes, that is the origin of the “Kelly Criterion” and in this week's show Sean & Phil take a detailed look at how this system, often used by professional gamblers, can also help you as a trader optimize your position sizing and become not only a smarter trader but a “Kelly's Hero” too…
3 Key Takeaways From This Show
- Always put the trade on – it is about being in business tomorrow.
- You can’t be taught experience, but you can be taught a proven process for trading.
- Once you have developed a solid strategy, it is all about money management.
Connect With The Rebel Traders
- Website: https://tradecanyon.com
- Youtube: http://tradecanyon.com/youtube
- Youtube: http://tradecanyon.com/facebook
- Twitter: https://tradecanyon.com/twitter
- LinkedIn: https://tradecanyon.com/linkedin
SUBSCRIBE TO THE PODCAST
