lol... better stick to Martingale gambling systems. You obviously never handled a piece of wood in your life.
And....I was a winning trader before I started doing this. I had a 65% win rate and I was generated a decent yearly profit. I really started to make money with I began using the DD. I would never have even attempted this if I didn't have that prior track record. It's a dangerous strategy if you don't know what you are doing. Knock it all you want....I laugh my way to the bank everyday.
My first job was a carpenter. I was pretty good at but it was too much like work. I had to find something a little easier, like trading.
It's time to post a closing thought and let this thread die.....it seems the majority of the people (seems to be around 95%) who responded to this thread don't think it's a good idea but the minority do (that leaves 5%). Do those numbers look familiar? It's not my intention to rip anyone, especially those who are losing -- I've been there! The sole purpose for this thread was to give people something to think about, if they were open to it. If not, and what you are currently doing is pulling in profits, then cool! Until the next controversial thread....later all! ProfitTakgFool
So you wanted everyone to think about the Martingale system for gambling? It's a pretty well-established idea, but thanks for bringing it to the attention of the newbs. It will allow them to blow out a bit faster.
Quote from ProfitTakgFool: It's time to post a closing thought and let this thread die.....it seems the majority of the people (seems to be around 95%) who responded to this thread don't think it's a good idea but the minority do (that leaves 5%). Do those numbers look familiar? Yes. 5% have no clue about Risk of Ruin. And the Pied Piper wishes them to learn about this early, so they can get their first account blowup out of the way It's not my intention to rip anyone, especially those who are losing -- I've been there! Then don't teach people how to rip their account The sole purpose for this thread was to give people something to think about, if they were open to it. This has done people a major disservice, but you seem to have cotton in your ears. The day of reckoning is usually when the big one gets away from you. Others. especially new traders should completely ignore this entire logic, and use viable trading methods.