A bit drunk. But need to get this off my chest publicly.
A few months back a large trader came to kolkata. Wanted to speak to me personally regarding some trading issues ( not models or methods, mainly psychology). He was a student of mine a few years back.
We spoke, issues I am not at liberty to discuss. Suggested some pointers.
What I noticed was his size, probably 20-50 times more than mine.
I did have the capital, but not the
#jigar
Being from a middle class family, a school teacher mother and the experience of blowing up earlier, I was obsessed / fanatical about risk mgmt
So my size was small/managable at a max 0.25% max risk of my capital at any given trade
Now this guy set me thinking. I was not envious ( I envy only my school/college teacher friends due to their large number of paid holidays ๐ ), but thought why not increase my risk.
Used a variation of Kelly's , a version of Optimal F for position sizing ( naked options)
Started playing size now. As a result made the highest in my life in a 2 month in terms of absolute amount and ROI.
Thanks
@asitbaran
. Thank you from the bottom of my heart for pushing me ๐
@SubhadipNandy16
Dada, I am not here to give u Moral lecture. But we need u next 50 years for your good analysis of financial market for common man.
Please consider the following article
@SubhadipNandy16
Not sure if am that large :), but your feedback has been of immense help. And I spoke to you cause I knew very few would understand what I was doing. Thank you for the guidance Sir. Grateful to you forever ๐๐
@SubhadipNandy16
The kind of inspirational facts we need to learn from you! Gives us positive vibes. As a student of yours I feel really lucky. Thank you dada
@SubhadipNandy16
I read about Kelly now. In the stock market how to calculate probability of wins and losses. In gambling games we can calculate but what abt the stock market. We need these probabilities as an input in the formula
@SubhadipNandy16
Hi Sir,
When i used to see the trading capital of youth age of 30โs i was too surprised, used to think they are fools, but it was the pschylogy that worked, now most of them has retired with crores in bank..in brief they had confidence & know when to hit boundry, and finish fast