Portfolio Management Formulas Mathematical Trading Methods For The Futures Options And Stock - Markets Author Ralph Vince Nov 1990

Instead, it is a dense, equation-laden, mind-bending journey into the mathematics of survival.

The formula is terrifyingly sensitive: [ f = \frac{(\text{Average Trade Profit})}{(\text{Worst Loss})} \times \text{Probability Adjustments} ] Instead, it is a dense, equation-laden, mind-bending journey

If you are willing to do the math, Vince’s methods will show you exactly how much to bet on the S&P 500, when to reduce size on a losing streak, and how to mathematically guarantee that you survive long enough for your edge to play out. it is a dense