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@aly1031 Exit strategies is a very difficult thing to answer. Let give an example: If you sold 4 assets and they dip to 80%, then that is a win. But if you sold 1 more asset, and that rallied by 10x (let's say in Solana), your profit taking strategy lost you money overall. It's 4 wins and 1...

@pejman Yep, been involved in the crypto space for long time. I enjoyed how multidisciplinary the industry was, and how the innovations coming out were interesting. So I've followed it ever since.

@proxile Discord and Telegram is the way. phinvest has an active Discord with a crypto section. The link is on the sidebar ------>

@karenlc2 I took it directly from wikipedia. https://en.wikipedia.org/wiki/Kelly\_criterion Kelly can have multiple variations. This paper modifies its loss function to optimize for sports betting: https://www.sfu.ca/\~tswartz/papers/kelly.pdf

@karenlc2 I took it directly from wikipedia. https://en.wikipedia.org/wiki/Kelly\_criterion Kelly can have multiple variations. This paper modifies its loss function to optimize for sports betting: www sfu ca/~tswartz/papers/kelly.pdf [combine together since for some reason, reddit doesn't...

@karenlc2 You're also right here. Note that p - q/b assumes that a loss results to losing the entire wager. p/a - q/b assumes partial losses, which is more relevant to investing.

@mrstefanofietsj Yes, you're absolutely right. My points doesn't invalidate existing strategies. They are as valid in growing wealth. Strategies can adjust as you age. In my perspective, when you're still young and you can take in more risk, you can maximize the return of wealth over N years by...

Disclaimer: Personal Finance is deeply personal and opinionated. Everyone has their own opinion. Don't judge others on how they spend / invest their money. If they are able to grow wealth using their method, then good for them. The ultimate goal of money is to be able to save time and to...