Betting Big – Know When to Go All In
The wise ones bet heavily when the world offers them that opportunity. They bet big when they have the odds. And the rest of the time they don’t. It’s just that simple. Charlie Munger The edge on a trade can vary significantly from trade to trade. As a trader you need to adjust your bet size to match your confidence in the outcome of the trade. From time to time the markets will offer up opportunities where the odds are…