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GOH MENG HAN
Bribed Teller V2
Capital: $10000.00
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A Bribed Teller
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Capital: $10000.00
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The law of large numbers #2 Normal distribution
Normal distribution gives us a clearer understanding of how chance works.
If we toss a coin, we have a 50/50 chance for head/tail, right?
We can also say that we have 2 possible outcomes with a probability ratio of 1:1.
Now if we toss a coin 2
Deviation Value
Remember this image?
This is multiple simulated result of a coin tosses stacked together displaying how normal distribution looks like. The results tends to fall within an area, but there are a lot of noise, it is not a very stable, smooth line. In this post, we will learn about
The Downfall #3
How bad is it to be trading/investing without knowledge of risk management?
Imagine driving without understanding what traffic lights are for.
You may be lucky for awhile, you might even make some good return in the short term. But eventually car crash will happen, it is not even accident.
Kelly Criterion #3
Kelly Criterion Chart
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