Amazing! Very well illustrated. Thank you.

I had a question. I have been working on Kellys to implement in my options trading but am stuck with the risk reward part.

If i have a risk reward of 1:3.5/4 , cause its options, probability is a tad difficult to calculate, but in a set of 10 trades i may have 8/10 losses and other times 2/10 losses.( it cant be calculated as 50 % prob.) I work on a max drawdown basis. The question is how to do money management whilst i am facing a series of losses, even though i have used kellys position sizing initially. Thanks once again