Oscar's Grind is another type of anti-Martingale strategy. It's mostly used in casinos, but could be applied to trading. Like Martingale (and unlike pyramiding), it only seeks to make 1 unit of profit and then starts the series over again.
anti martingale = martingale = fixed size bet = anything else if you gave an edge all will work, if you dont no one will. focus on achieving an edge all the rest is secondary.
If you add to a winning position with increasing position sizes (as in a true anti-martingale), then your breakeven post gets consistently higher and it's easy for a huge winner to turn into a loser. That being said, you'll have to establish a criteria for WHEN to exit with a profit, just like martingalers have to decide WHEN to stop adding and call it a loss.
that's why it's called pyramiding and not inverted-pyramiding. Pyramiding assumes the first entry is the largest, and the new entries from there on are smaller and smaller the more entries you have. Pyramiding if done correctly can make a whole year... we have to take advantage when trends are active . I've had trades that I added 9 times, AFTER my original entry ! the additions made up around 60% of my profits
how do you blow out your account with a profitable trade? answer: let it turn into a loser. question: why would anyone allow that to happen?
I'm not familiar with Pyramiding ... outside of Amway. risk/money management is everything ... if you're up, you have virtually no risk. (depending on your timeframe of course)