Miguel: mm. link is still there. it got broken when I pasted it. please note that it is 'community' instead of 'mmunity' 😲 He is basicaly trying to do 10 all or nothing trades in a row. If he wins a trade, he doubles the account. If he loosses a trade, he blows the account and he has to start again depositing another $25. It is very clear that he is making this for fun, and this is not a 'system'
horacioo posted: Miguel: mm. link is still there. it got broken when I pasted it. please note that it is 'community' instead of 'mmunity' 😲 He is basicaly trying to do 10 all or nothing trades in a row. If he wins a trade, he doubles the account. If he loosses a trade, he blows the account and he has to start again depositing another $25. It is very clear that he is making this for fun, and this is not a 'system'
Psymon: great. keep going! 😉
its like using a martingale, u can double the account very fast but if u dont withdrawal o reduce the positions always end in MC
Yeah i know my grammar sucks, I speak spanish. Sorry if something doesnt make sense ;)
no martingale here. this is just a challenge of doing 10 winning trades consecutively (betting all or nothing). 1 wrong and you have to start over. In probability terms he is looking for something really improbable.
A martingale is probably the opposite, you double your bet each time you loose in an attempt to hold your loses until probability of winning comes back to your side.
you are right in a sense, that in the long run they are both destined to crash. A martingale will crash when you can't leverage your trades any longer. Psymon said he never got further than wining 4 trades in a row.
I mean intentions are totally different. He is betting $25 that he can do 10 winning trades in a row. In fact this is an open chalenge for anybody who thinks that has the skills and luck needed.
i am supporting psymon becouse he seems to be doing it just for fun, kamikase style. Looks more like gambling on poker to me than a millionaire project. this is just a skills test. not an investment contest, and not even an attempt of an investment strategy
hey guys, the way i see it there is no more or less risk than on the first trade? its a 25$ account, and if it mc then its only 25$.
the ability to make 25pips is not rocket science, i think that the perceived risk only starts when the amount of money increases. on a purely psychological level what i'm finding interesting is the level of anxiety vs volume traded. if i can block out the actual amount of money and keep my emotions in check i dont see why its not possible.
Sure i agree that i would never trade my normal account in this way, but one of the reasons i tanked the real account thats on here is because i wouldn't let my trades run to tp. hopefully this challenge will force me to let my profits run and give me some more confience in my analytical skills. proving to my self with $25 that i can be right will give me more confidence in trading my normal account.
also i love proving everyone who says it cant be done wrong. 😝
I wouldnt quite say its poker, because here we have such a wide variety of tools to help traders decide where the price action is headed. understanding the economic climate and econ reports that come out as well as being able to read a chart should reduce the odds more than gambling ever could.
LMAO 😀 you probably already beat the stats of 80% of all the accounts published in this site. lol
PS: i would say that poker gives you better chances than winning 10 out of 10 trades for the most skilled trader on the planet. Anyways that is just my opinion. And don't get me wrong only a very good trader like you can bring this challenge to the table.
PS2: in this case i d love being proved wrong by you. I think you deserve to prove me wrong about the mathematical improbability.
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