A Bellman View of Jesse Livermore
classification
💱 q-fin.TR
math.OC
keywords
bellmanjesselivermoreviewdecisiondisciplinedynamicformulated
read the original abstract
Richard Bellman's Principle of Optimality, formulated in 1957, is the heart of dynamic programming, the mathematical discipline which studies the optimal solution of multi-period decision problems. In this paper, we look at the main trading principles of Jesse Livermore, the legendary stock operator whose method was published in 1923, from a Bellman point of view.
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