tag:blogger.com,1999:blog-3966777126728164142.post7913876785840639067..comments2017-10-26T23:01:25.602+08:00Comments on Forexiation - diary of a Perth forex trader: Trade Week in Review: 8 April to 14 April 2013Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3966777126728164142.post-53103976864300520032013-04-20T00:17:29.885+08:002013-04-20T00:17:29.885+08:00Hi anon. I've got that book lying around somew...Hi anon. I've got that book lying around somewhere, and will take a look at that interview. But I agree with your point. The market isn't like a gambling table where the probabilities and payouts are fixed. It's an organic and ever-evolving beast that needs to be respected.Kevin LaCostehttps://www.blogger.com/profile/02426600095702836123noreply@blogger.comtag:blogger.com,1999:blog-3966777126728164142.post-17964717507217480612013-04-18T02:58:21.110+08:002013-04-18T02:58:21.110+08:00With regards to Kelly criterion, you may want to r...With regards to Kelly criterion, you may want to read Ed Thorp's interview in the book "Hedge Fund Market Wizards". He discussed why Kelly criterion is too risky in trading, because the probability of winning is unknown, and at best, can only be estimated.Anonymousnoreply@blogger.com