143 - Throw it on the Pile, Erase your Memory w/ Kris Abdelmessih
The Trade Busters
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Navigating Risk in Trading
This chapter focuses on the intricacies of position sizing in trading, particularly through the lens of the Kelly Criterion and its relevance in options trading. The discussion emphasizes personalized risk management strategies, comparing trading to unit economics in business for better profit forecasting. It also highlights the significance of experience and intuition in managing a diverse portfolio, moving beyond formulaic methods to an individualized approach.
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