Definitely a bullshitter. The guy is asked how to make martingaling work and he goes off on a tangent about chart patterns. Wtf. Where are these mooks who can't distinguish strategy from money management coming from?
that's why I say, 90% is just money management, and 10% is reading the market. And it's the 10% that all mathematicians are trying to eliminate Wouldn't it be nice if we all had a formula that worked all the time under all market conditions? So, the question was asked, "Is Martingale a valid money management strategy?" Most of us that have tried it will reply, "Yes, 90% of the time, but the 10% of the time no, is a real bitch." So that's why I say it's a good place to start. So it sounds like MarketAddict is trying to introduce it in his MM. I personally am trying to eradicate it from mine. Like a weed. If you follow agriculture like I do, you know complete eradication almost always ends up bad.
To put it in perspective, if the first time I ever showed up at a craps table, and I was accompanied by an MIT math professor and asked him, "What is the best bet?" It would probably take him minutes if not seconds to tell me, "There are no good bets on this table." And if I told him, "Yes, but I think I have a good method for predicting the next roll of the dice." He would reply, "Well, then, that would change everything." And if I asked him for a good money management system He would probably reply, "Martingale."
Are there any studies out there that look at "one time" double-down strategies, or other limited versions of Martingale? I have, on occasion, bought more of a stock I remained bullish on when it took an unexpected dip. It has usually worked out, but I am well aware that I might have just been lucky.
Bullshitting? Calm down RN it's not that serious.. RN, let me ask you this.. Do you day trade for a living ? If so, when was the last time you had 10 losers in the row.. If your answer is every week or month then I'm sorry I cant help you.. Martingale cant help you and martingale isnt the problem.. YOUR ARE THE PROBLEM.. I already said this before, if you cant win once out of every 10 trades then you should go get a 9 to 5... Your facts doesn't prove martingale don't work.. As a matter of fact, your facts are just parts that you will need before you build a decent system.. If you already build a decent system then the facts that you stated above doesn't matter..
Human behavior? Or really... Who done told you that, your broker? Your friend down the street or the cab driver? I guess you believe everything you read/hear.. Human behavior doesn't control nothing.. Yes, the market do need humans to buy and sell but that doesn't mean we control the market.. When you buy an item at walmart, do you automatically control walmart? Are you now making marketing decisions for walmart, and telling them "hey we need to expand overseas". No!! So who controls walmart then? Yup, you have guessed it right.. The people that own walmart.. The market is controlled.. It's not a free market at all.. TOO MUCH MONEY involved for it to be a free market.. Double tops aren't created by we humans.. They are created by the big boys who are trying to trick you.. But enough of that because you are not going to believe me anyways so what's the point.. Now let's talk about martingale.. Where are your facts that proves martingale doesn't work? Still waiting...
In order to make it work you will have to understand why first.. So that's why I had to explain to you that the market will ALWAYS work a certain way.. And by knowing that now, I can actually teach you the math side of martingale.. But now I don't know if I want to teach people the math part because too much people are stuck on saying "martingale will never work".. Like I said before, there are different ways to use martingale.. And the math I was going to show you guys would actually blow your mind.. Something that you will never see in a book or the internet.. But what's the sense now? You guys don't believe me.. It's like going to church and telling people "hey God doesn't exist" (even though I believe in God) you will never win that fight.
Give me a break. "I could show you mathematical proof that _X_ works but you guys haven't kissed my ass enough so I won't." You've got nothing. Otherwise, you'd prove it.
no one will ever be as interested in you as yourself....applies to all of us....you need to recognize that as a handicap in trading, and in socializing in general..before you even attempt to get a point across....unless you find an audience more interested in you than martingale....the posters on here that are more interested in mentioning themselves than trading are sending up a red flag for fraudster