How Does Leverage Affect Trading Returns? The Kelly Criterion | Coffeezilla Follow-up

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Todays video is a follow-up to the video I did earlier this week with Steven from Coffeezilla, "The Truth About Trading Gurus". Let's look at some of the lessons that can be taken from the world of gambling that might help a trader with sizing their trades. We look at the Kelly criterion (also known as the Kelly system or Kelly formula), to see if it can provide any insights to investors. How does leverage affect trading returns? Let me know your thoughts in the comments section.

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A reading list on this topic:
Ed Thorpe Books:
Fortunes Formula by William Poundstone:
When Genius Failed by Roger Lowenstein:

Link to the coffeezilla video: