011: Ralph Vince talks position sizing, the different applications of optimalf, trading horizon, diversification and his changing views over 25 years.
Better System Trader
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The Biggest Lesson You've Learned Through Triting
Expectation is a function of horizon. You can't accept things because they are mathematically accepted or mathematical giv remember you spoke of how a criterion is everything in this and that's a function horizon. As individual traders trading over lhet's a te future periods, we don't have the principle of ergodicity at work. There is no such thing as erbdiay here. And it too is he function of a criterion. Soe ok, thanks, ralph s. I'd just like to wrap up with a few quick closing questions. What's the biggest lesson you've learnt through triting? Oh, things are not what they appear.
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