Where should the lever be?
Expected growth per trade, across every appetite setting, at your current belief.
expected growth
optimum for this belief
your setting
What happens to your money
400 simulated books of 50 trades each, using SPY’s own resampled returns.
ended up
ended down
where you started
The next trade
What the real sizer returns right now.The asymmetry
Median gain if the thesis is right, against the loss if it is wrong.
gain when right
loss when wrong