Hi. I am new here. I am still thinking about basic math problems.
I have this question: What % of capital should I bet per trade to balance between getting the highest return and avoiding wiping out my account?
I have a scenario:
if I have $1000 in the beginning, everytime I bet, I bet x% of my capital (the $ amount changes every time I win or lose), 50% win and 50% lose. when win, I win 200% of my x% capital on the table; when I lose, I lose 100% of my capital on the table. (that implies if I bet 100% of capital in every bet, my account would be wiped out some time)
Is there a way to calc the optimum % of capital to bet per trade?
Thanks.
I have this question: What % of capital should I bet per trade to balance between getting the highest return and avoiding wiping out my account?
I have a scenario:
if I have $1000 in the beginning, everytime I bet, I bet x% of my capital (the $ amount changes every time I win or lose), 50% win and 50% lose. when win, I win 200% of my x% capital on the table; when I lose, I lose 100% of my capital on the table. (that implies if I bet 100% of capital in every bet, my account would be wiped out some time)
Is there a way to calc the optimum % of capital to bet per trade?
Thanks.