How can the Kelly Criterion be applied to optimize risk management in cryptocurrency trading?

1 answers

• hans johnsonJul 26, 2020 · 5 years ago
  The Kelly Criterion is a powerful tool for risk management in cryptocurrency trading. It helps you determine the optimal position size based on your edge and risk tolerance. By using the Kelly Criterion, you can avoid taking on too much risk and maximize your long-term profitability. At BYDFi, we believe in the importance of risk management, and we encourage our traders to consider using the Kelly Criterion as part of their trading strategy. However, it's important to remember that the Kelly Criterion is just one tool among many, and it should be used in conjunction with other risk management techniques and strategies. Remember, the cryptocurrency market is highly volatile, and risk management is key to long-term success.
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