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How to Use the Kelly Formula in a Continuous Market Like Finance
The idea of Kelly criterion is very interesting obviously I was seeing like a a game like Blackjack or Roulette you know post something where the odds are known it's a lot easier to sort of employ that strategy. The S&P strategy cannot be leveled more than five times so you're clearly just plugging it continues in your California lead to disaster. So what we do now is to always look at the worst day in history that this strategy can happen and assume that you can be probably two times worse than that right?