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you could probably trade with anything, but the moon, planets, etc. HAVE NOTHING TO DO WITH THE MARKETS (except for a few fools' trades impacting it). and i say this as a space admirer.

yes!!

just so everyone knows, i'm not at all planning on trying to make a living out of this or anything. i have been someone who doesn't want to gamble at a casino EVER. but i was thinking, if i did it less than 5 times in my life, maybe it wouldn't kill me to try a technique like that with small money.

well, i was smoking someone else's stuff (what i thought was just weed). afterwards, the kid was like, "hey, btw, that had opium in it, too."

this pisses me off every time i think about it. i hear this on the news. i think there is something going on in arizona. anyway, they're discussing giving health care, etc. to illegal immigrants--i'm an american citizen AND I DON'T HAVE HEALTH CARE!!! WTF IS THAT...

yes. the odds of each one is always 50/50. the odds of getting 7 heads in a row is .78%.

with a 50% win rate... ...the chance of getting 6 in a row is 1.56%. ...the chance of getting 7 in a row is .78%.

start a new thread. on the bottom, where it says, "yes! post a poll"...check that and click submit new thread. after you click that, it will bring you to another page where you can make the poll.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=22910

i agree with Pig Porky and you should, too, if you have a brain in your head. this is all from this thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=17079&perpage=6&pagenumber=1

i want to use the no expert disclaimer, too. :) you're right, in my example #1, on play #7, the odds are the same as on play #1. the point is, the odds of getting 7 losses in a row without a winner is low. so the 7th play is not a 99% winner, but the series together is. the key is starting...

if you want a 93.23% chance of making $200, you will need $1600. play #, $ bet 1, 200 2, 400 3, 800 4, 1600 bet those sizes and quit when you make $200.

say there is 49% win rate and the payoff is 1:1. if you want a 99% chance you will make $100, you will need $6400. play #, $ bet 1, 100 2, 200 3, 400 4, 800 5, 1600 6, 3200 7, 6400 bet those sizes and quit when you make $100. :)

also, i would bet most people who do that, don't do it correctly. many people probably bet more and more as they lose, but do they START with the right bet according to how much money they have and the win rate of the gamble?? most people who increase size after they lose probably start too big...

i do agree if the expectancy is negative, it will lose money over the long run. but what if you plan on just doing this 5x in your life? also, what about applying the increasing size on losing trades concept to a positive expectancy trading system? as i said here: if that idea is good, then...

the 0 and 00 do not matter, though. all that does is change the % chance a streak of x losers will occur. you could do what i'm saying with 50% win rate, 49% win rate, 40% win rate, or whatever. here's what i mean: with 50% win rate, there is a .78% chance of a losing streak of 7. with...

rlb21079, NOW DO YOU SEE WHY YOU ARE SUCH AN ASS?? this is now an interesting discussion. your negative attitude prevents people from asking questions like i did. CHANGE YOUR ATTITUDE.

ok, that's another idea i have, but this one isn't averaging down on the same bad trade. say you have a positive expectancy trading. obviously, you'll still have losing trades. would it make sense to risk more on EACH LOSING TRADE until you get a winner and then start over again with a more...

i know the expectancy is negative. if you play today, tomorrow, and 5 years from now, that is only 3 times. if there is less than 1% chance of losing 7 times in a row, big deal. who cares if you're not really quitting. each time you play after winning, you're starting over small again, prepared...

you're my hero. fuck off. you have a bad attitude. i can't stand people with bad attitudes. i admitted i don't know much about gambling and i had a question, so i asked it. the point is to learn. i don't give a fuck what some negative ass like you thinks about my questions. your attitude sucks.