They begged me to keep going!
But I didn’t. Enough is enough.
I taught the Kelly Formula for trading futures and forex about 10 years ago. But then I did something totally stunning. I traded it live in front of people!
Everyday, I would post to a special password protected blog my trades for the day. I started the account with $10,000 and did the trades in the real world. That way, the track record was visible and could not be a phony track record.
(So many track records on the internet are fake. Drives me nuts.)
So every day, I would post my trades and report on the results of the trade.
I ran the account up to $79,600 and then stopped the blog. I had proved the point.
So that is a tremendous return in a short time.
However, there were several periods where I lost 35% of my equity! So it wasn’t an easy run. But that type of drop is to be expected so I didn’t freak out because I knew it was coming!
Still almost 800% return in a short period of time is excellent. Not as good as Larry Williams’ 11,000% but he traded longer and used more aggressive rules than I did.
In fact, I didn’t use a full Kelly Formula. I cut it down to a fraction of a Kelly.
One of the most important decisions you must make when using the Kelly Formula is if you should use a full Kelly bet or a fractional bet.
Our amazing Extreme Profits Stocks course shows you exactly how to determine the correct Kelly sizing for your trading.
Now, most people shouldn’t use the full Kelly.
In this course, we show you how to use Kelly to significantly increase your profits without even using a small fraction of a Kelly! It’s mind blowing!
Just join the Wealthbuilder Insider program and get the course for free!
Comments ()