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🛡️Advanced Risk & Trade ManagementLesson 1 of 714% through course

Advanced Position Sizing: Kelly Criterion

7 min read

Advanced Position Sizing: Kelly Criterion

The Most Important Variable in Trading

Ask most traders what determines their success and they will talk about entries, indicators, or setups. The truth is more mundane: position sizing is the single most impactful variable in any trading system. A mediocre strategy with excellent position sizing will outperform an excellent strategy with poor position sizing over time.

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