What is kelly criterion in trading?

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Ho Jii Former Soil and Plant Scientist at EnviroSource Design
Answered 5 months, 4 weeks ago
<p>The Kelly Criterion is one of many allocation techniques that can be used to manage money effectively. Investors often hear about the importance of diversifying and how much money they should put into each stock or sector. These are all questions that can be applied to a money management system such as the Kelly Criterion. This system is also called the Kelly strategy, Kelly formula, or Kelly bet.</p>