WAGERBIRD® Alpha Academy · SMT 100 First Principles · Part IV: Risk, Size and Rules
Included with every Alpha Terminal planLesson 09
Runs of Losses and Drawdown
A real edge still loses in runs. This lesson gives the probability of a run of losses, shows what sound sizing does to the drawdown a run produces, derives the longest run to expect in 200 positions at 53%, and sets the pause rule.
WAGERBIRD® ALPHA ACADEMY
Included with every Alpha Terminal plan.
Read the full Academy with an active seat: Alpha Plus ($99/mo), Alpha Pro ($199/mo), Alpha Max ($349/mo), or Alpha Desk ($2,995/yr). Want to read a sample first? SMT 101 Lesson 01 is open to everyone.
SMT 100 · Part IV: Risk, Size and Rules (10 lessons)Full course syllabus ↗
- 01Rules Before the GameRead ↗
- 02The UnitRead ↗
- 03Kelly, for OrientationRead ↗
- 04The Exposure ProtocolRead ↗
- 05What You Trade and What You SkipRead ↗
- 06Reading Units and Setting the LimitRead ↗
- 07The Worst Price You Will TakeRead ↗
- 08The One-Page RulebookRead ↗
- 09Runs of Losses and DrawdownRead ↗
- 10Review on a ScheduleRead ↗