Webinar: 'Volatility and Bet-Sizing' from MahiFX CEO David Cooney
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Transcript of Webinar: 'Volatility and Bet-Sizing' from MahiFX CEO David Cooney
Volatility and Bet-sizingDavid CooneyCEO, MahiFX
MahiFX is an online retail trading platform offeringclients exceptionally competitive spreads and greatcustomisable charting functionality.
David Cooney of MahiFX discusses how prudentbet-sizing can help mitigate your risk in the volatileForex market.
About MahiFX
MahiFX is an online retail trading platform offeringclients exceptionally competitive spreads and greatcustomisable charting functionality.
David Cooney of MahiFX discusses how prudentbet-sizing can help mitigate your risk in the volatileForex market.
Agenda
• The theory on bet-sizing drawn from thescience of gambler’s ruin
• The size of your bankroll and its effect on yourprofitability
• The table of margin to wealth• Questions
• The theory on bet-sizing drawn from thescience of gambler’s ruin
• The size of your bankroll and its effect on yourprofitability
• The table of margin to wealth• Questions
Gambler’s RuinThe Science Behind the Game
A game of chance which can be considered to be aseries of Bernoulli trials at which each player wins aspecified sum of money for every success andloses another sum for every failure; play goes onuntil the initial capital is lost and the player is ruined.
The Science Behind the Game
A game of chance which can be considered to be aseries of Bernoulli trials at which each player wins aspecified sum of money for every success andloses another sum for every failure; play goes onuntil the initial capital is lost and the player is ruined.
15
20
25
30
Bankroll 1
0
5
10
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59 61 63 65 67 69 71 73 75 77 79
15
20
25
30
Bankroll 10
0
5
10
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59 61 63 65 67 69 71 73 75 77 79
Through the line
End of the Line
Game over!
Margin to Wealth
Questions?
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