winner, winner chicken dinner. 
Let's Trade III, by Sicktrader
- Thread starter sicktraderII
- Start date
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Day 1
2-0, +6 points
Starting balance $700
Current balance $989
Daily increase of bankroll: 41%
Don't worry, will show the proof later for those that require it.
2-0, +6 points
Starting balance $700
Current balance $989
Daily increase of bankroll: 41%
Don't worry, will show the proof later for those that require it.
Blowinsky: Yes. I've learned a lot. I've learned to keep an open mind and earn a good living from both gambling and trading. If you read all of sicktrader's posts carefully, you'll see that he's not as leveraged as you think he is. In one of his previous posts he says that he replenishes his account during drawdowns. This implies that he has reserve funds that are part of his capital even though it isn't in his account. His true leverage can only be calculated by knowing his reserve. At some point I hope he'll reveal that information. It's a common practice for successful gamblers to manage their funds by segregating gambling funds and replenishment/reserve funds because everybody hits losing streaks. They then work their system and reach a goal and make a withdrawal; or else they lose half and replenish the account. You can build a model in Excel and prove the math conclusively using Monte Carlo simulations (you'll need the @risk add-in to run the MC sims). The question to be proved is whether or not sicktrader has the statistical edge he claims to have. If he does -- and can execute in the market -- he will succeed. He may have to pony up a few times to replenish his account, but his profits will far exceed his losses if he has the statistical edge... And, by the way, blowinsky, you're still a bully and a liar.
Well, I'm done trading for today. Hope for a better day tomorrow. 
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