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  1. 1

    How much money would you need to Martingale your way to profits?

    Already answered. Already addressed. Btw, "your" is possessive. But you're rude and not contributing to this thread, so I don't really care. Welcome to my ignore list.
  2. 1

    How much money would you need to Martingale your way to profits?

    Where was I doing that? Again, and for the last time; with proper entry positioning, black swan does not matter, even if the market goes to 1, you won't blow your account. People blow their accounts because they do it in too narrow of a range. I think the way I am suggesting is too slow...
  3. 1

    How much money would you need to Martingale your way to profits?

    What is "a lot" of money? I have a low/mid 6 figure account specifically from averaging down into weighted indexes during the "recession" in 2008/2009. That's why I'm curious hwo much money is required to make a $50k-ish living doing something like this. And, as I'm trying to prove to...
  4. 1

    How much money would you need to Martingale your way to profits?

    That's what I'm trying to figure out. I had some levels picked out, but all this talk about adding to winners a few pages back (depending on how many posts you have per page... I can't stand the forum default of 5 and I changed mine to 40) is making me reconsider some things. Here's the...
  5. 1

    How much money would you need to Martingale your way to profits?

    After I talked about ranges, you said: "None of the analysis shown to you require any particular time frame. It's true of all time frames. " So I was saying that I wasn't talking about time, but range of price. Ok. Explain to me how, if someone was using this strategy on SPY long term...
  6. 1

    How much money would you need to Martingale your way to profits?

    Not only have I heard many many bad things about nearly every Forex broker, but the range in currencies is way too big for me to even think about trying this even with micro lots.
  7. 1

    How much money would you need to Martingale your way to profits?

    By "range" I meant price range, not time range.
  8. 1

    How much money would you need to Martingale your way to profits?

    Assume I am "shit" at them and buy after every X point/dollar decrease in price.
  9. 1

    Predict where SPY will go in the next few months in this thread!!! Charts!!!!!!!

    Millionaires on ET can predict price direction :D
  10. 1

    How much money would you need to Martingale your way to profits?

    Again, if you do it in too narrow of a range, then yes, you'll blow your account. I'm not disagreeing with that. In other words, if you're doing this on SPY and you make your last entry when SPY hits 100, then you're probably going to eventually run out of money before you make any money. Or...
  11. 1

    Predict where SPY will go in the next few months in this thread!!! Charts!!!!!!!

    When price breaks into the area of the lower study on the chart, it is time to panic! :D
  12. 1

    How much money would you need to Martingale your way to profits?

    Martingale (or, let's call it "averaging down" since I guess technically I'm not "martingaling") systems won't blow up with proper entry points. How is this not clear? If you're averaging down on a tight range, then yes, you'll blow your account once price goes one tick too far. Lots of...
  13. 1

    How much money would you need to Martingale your way to profits?

    Just so I understand, you're saying that once you establish a big position from averaging down, you have to let it get to significant profits and not just exit immediately as soon as you're in the green?
  14. 1

    How much money would you need to Martingale your way to profits?

    Ok. Well technically you can keep reducing something by 10% forever and not get to zero, but that's not going to happen with indexes. I'm not sure what the confusion is. With properly defined entry points you still won't blow your account even on a 1,000 point Dow down day. I've blown...
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    How much money would you need to Martingale your way to profits?

    Trading != gambling. You can get red or black on roulette an infinite number of times in a row. But stocks can only go so far until they have to reverse or the economy explodes. As I said last time you asked, I'm trying to establish the feasibilty of this method. In my experience so far...
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    How much money would you need to Martingale your way to profits?

    Let's also talk about doing this with QLD, DDM, and SSO rather than with the indexes themselves.
  17. 1

    Predict where SPY will go in the next few months in this thread!!! Charts!!!!!!!

    The price is your account going up because you're making money.
  18. 1

    How much money would you need to Martingale your way to profits?

    I dunno. Way back in the day I bought a bunch of SPY at like $120. Then during 2007 when it was going higher and higher into the 140s and 150s I kept thinking "I should buy some more... people say to avg up" but I didn't cuz it just didn't make sense. Then of course SPY dropped like crazy...
  19. 1

    How much money would you need to Martingale your way to profits?

    Just so I understand, you're saying start with 2 contracts, and then add 1 contract every X points right? What do you mean trailing stop of N/2? What is N in this example? (what about running this system and averaging down going in the opposite direction at the same time? So like say you're...
  20. 1

    How much money would you need to Martingale your way to profits?

    Pyramiding up raises your average cost so quickly, though.
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