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Sizing to Survive

How bet size decides survival: fixed-fractional versus fixed-dollar risk, what risk of ruin actually depends on, and the Kelly criterion for growth-optimal sizing along with why almost nobody trades the full amount.

  1. 01Fixed-Fractional Versus Fixed-Dollar Sizing9 minfree
  2. 02Risk of Ruin: What Busts Accounts10 minfree
  3. 03The Kelly Criterion9 minfree
  4. 04Why Professionals Trade Fractional Kelly8 minfree