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	Podcast:		Patrick Boyle On Finance
	Episode:		Day Trading and Leverage - The Kelly Criterion
	Category:		Business
	Duration:		00:19:16
	Publish Date:		2021-02-04 17:00:00
	Description:		This weeks podcast discusses some of the lessons that can be taken from the world of gambling that might help a trader with sizing their trades. We discuss what returns a trader might reasonably expect from the market. We look at the Kelly criterion (also known as the Kelly system or Kelly formula), to see if it can provide any insights to investors. Patricks' Books: Statistics for Traders: https://amzn.to/3eerLA0 Financial Derivatives: https://amzn.to/3kwsPSr Corporate Finance: https://amzn.to/3fn3rvC Patreon: https://www.patreon.com/PatrickBoyleO... Website: www.onfinance.org Twitter:https://twitter.com/PatrickEBoyle Books: Ed Thorpe: https://amzn.to/3hG5gW4 Fortunes Formula: https://amzn.to/2YZAr7N When Genius Failed: https://amzn.to/3jhsUIW Patrick on coffeezilla discussing these topics: https://www.youtube.com/watch?v=JfP4r... Support the show (https://www.patreon.com/PatrickBoyleOnFinance)
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