100% win strategy

Quote from Veyron 16.4:

Maybe that is because people don't know how to scalp.

The Roulette Methodology can work, but you need to understand something about mathematics to fully understand how. The controlling factors here are actually in two dimensions:

1) The OP never said anything about the average accuracy of the trading system or methodology he/she uses and ONLY relied upon the "betting strategy" as the de'facto "trading system." In other words, there WAS NO trading system used. This is a primary limiting factor that can be overcome, by simply utilizing a trading system/methodology that has a greater than 55% (for a cushion) rate of accuracy.

2) The OP never said anything about the concept of leverage. The OP only utilized scaling of cost basis as the "engine" for recovery of failed trades/bets. In other words, minimal recovery advantage is given to the trader using this method when no leverage is used.

Correcting Factors to make it work:

a) Split the cost basis per trade. Apply 1/2 to the roulette methodology and 1/2 to the system's signals (powerful).

b) Use leverage NOT on the roulette side, but on the system side of the equation (pick your desired leverage).

Doing this can greatly improve both probability for success and at the same time, grow capital at a significantly greater rate of speed.

Applied Mathematics 101 for the truly "Elite" traders on Elite Trader. (LOL!) :cool:
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So you hedge 1/2 your bet with a guarantee to save the principal , or principal +1, other half is leverage on a system with %55 accurate. Together the probability is more for wins.
Ok. But I think op is saying he is using roulette method like a (whole) trading system? But maybe I did not understand.
 
Quote from Ivanovich:

I can't believe I didn't see this silly thread and move it before this. Sorry guys, I'm slipping.
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There is nothing chity chaty about OP. Its a real position sizing method that of course has flaws like any other. But our resident WW2 german seems to be having a bad day
 
Oldest concept in the book. It only leads to failure.

Just run the numbers. What's your bet after say 7, 8 or 9 losses in a row. And, yes, this will happen (more often than you think).

EVERYONE who has every tried this has lost a fortune.

Are you willing to bet $256 to win $1?

How about over $1000 to win $1?

How about if you are playing for $10. Are you willing to bet $10,000 to win $10?

Trust me, either move on or play that game with me. I'll take the other side. You can have the guaranteed winning side.
 
Quote from Kassz007:

It's a well known fact that it's entirely possible to go broke before you end up with that winner that brings you back to break even. All traders and gamblers know about this strategy, and they know it doesn't work.
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That's why I said made the two (2) stipulations before explaining how it can be successfully done. That part is not a well known fact among many traders, certainly.
 
Quote from trendlover:

So you hedge 1/2 your bet with a guarantee to save the principal , or principal +1, other half is leverage on a system with %55 accurate. Together the probability is more for wins.
Ok. But I think op is saying he is using roulette method like a (whole) trading system? But maybe I did not understand.
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Yep, he is saying exactly that and on that basis alone, I'd never do it. However, with modification, it could work.

I'm not saying that there are not far more superior ways to trade. I'm saying that this particular way can be made to work if modified. Would it be purely the roulette wheel that the OP is writing about? No. But, it would use that same wheel and still be far more profitable than the wheel by itself.
 
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