{"product_id":"risk-ruin-and-the-size-of-the-bet-axiom-education-series-book-7","title":"Risk, Ruin \u0026 the Size of the Bet — AXIOM Education Series Book 7","description":"\u003cp\u003e\u003cstrong\u003eLEVEL 4 · THE TRADER · BOOK 7\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003eBooks 1 to 6 were about one question: \u003cem\u003edo I have an edge?\u003c\/em\u003e — answerable only slowly, statistically, and never with confidence. Book 5 said only your own record can settle it. Book 6 said the same.\u003c\/p\u003e\u003cp\u003eThis book is about the other question, and it has a completely different character. \u003cstrong\u003eHow much should I stake?\u003c\/strong\u003e is answerable today, with arithmetic, before you place another trade — and it depends on nothing but your own decision.\u003c\/p\u003e\u003cp\u003e\u003cem\u003eAn edge with the wrong size produces ruin. No edge with the right size produces a survivable decline you will notice and stop.\u003c\/em\u003e If you can only get one of the two questions right, get this one right.\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eWhy percentages do not average\u003c\/strong\u003e — +50% then −50% is not break-even, it is a quarter of the account gone, and variance is a cost rather than a discomfort\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eThe recovery curve\u003c\/strong\u003e: d ÷ (1 − d), and why a 50% drawdown needs about a hundred clean winners at 1%\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eWhen the order of your trades starts to matter\u003c\/strong\u003e — percentage sizing, a drawdown limit, and the largest barrier of all, which is you\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eOne person over time is not a thousand people at once\u003c\/strong\u003e: the coin game with a positive expected value that reliably sends an individual to zero\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eRuin, computed\u003c\/strong\u003e — P(ruin) = (q\/p)^(1\/f). On a 52% edge, going from 1% to 5% risk moves ruin from 0.03% to 20%. Risk is an exponent, not a dial\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eKelly, and why nobody trades it\u003c\/strong\u003e — the provably optimal stake is about 20% of the account; half Kelly buys 75% of the growth for a quarter of the variance; twice Kelly earns exactly nothing\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eHow many bets do you actually have?\u003c\/strong\u003e Four positions correlated at 0.6 are 1.4 bets — four disciplined 1% trades are a single 3.3% bet\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eFive layers of limit\u003c\/strong\u003e: per trade, per theme, total open, drawdown steps, and the stop — ten seconds per trade\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eOne year, twice\u003c\/strong\u003e: same edge, same trades, same order. At 4% the trader is stopped on trade 94 — while still up 28% on the year\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eYour own ruin audit\u003c\/strong\u003e — one page of arithmetic on your own numbers\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003eSix full-colour diagrams, a risk card, full notation, a glossary and sources. Every formula is given with its assumptions and its failure mode, and every table was computed from the formula printed beside it. Assumes Books 1 to 6 and nothing else.\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eNext:\u003c\/strong\u003e Book 8 — the gap between the plan and the person executing it.\u003c\/p\u003e\u003cp\u003eInstant PDF download, 93 pages, in colour, readable on phone, tablet or desktop.\u003c\/p\u003e\u003cp\u003e\u003cem\u003eEducational purposes only, not trading or financial advice. Most retail CFD accounts lose money; trading leveraged products carries a high risk of losing your money.\u003c\/em\u003e\u003c\/p\u003e","brand":"Bacchus Analytics Limited","offers":[{"title":"Default","offer_id":54150083117399,"sku":"AXIOM-EBOOK-07","price":12.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1025\/6954\/1975\/files\/Book07-RiskRuinAndTheSizeOfTheBet-COVER_c1217e2f-da8d-4bff-b0cc-cda3daa5a113.png?v=1789675347","url":"https:\/\/traderzlife.co.uk\/products\/risk-ruin-and-the-size-of-the-bet-axiom-education-series-book-7","provider":"Traderz Life","version":"1.0","type":"link"}