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Sam@ezeetrader.com

The endgame and Martingale in trading…

The endgame. Sometimes probability can get thrown out of the window when you have an event such as we are having. But interestingly, it’s been proven that moves that blow up martingale actually happen more often than traders think. Today I discuss a real example of a 30 year trader…

3 Comments

  1. Danny Passant-Reply
    March 13, 2020 at 7:54 pm

    It’s been an experience the last few weeks Charlie. Obviously I started at the back end of 2015 and although I’ve experienced different market climates throughout that time, this is something else!!
    Weirdly enough my percentages are marginally better than usual. I’m actually in quite tight with my stops as that’s just how I like it so I am having a lot of stop outs but when they go in the right direction they really go and at the minute I’m just trailing my stops until the inevitable but it’s making good money.
    Hope all is well.

    Danny

    • Charlie Burton-Reply
      March 13, 2020 at 8:41 pm

      Great to hear from you my friend! Glad it’s going well for you! Tight stops eh?

  2. Danny Passant-Reply
    March 13, 2020 at 9:10 pm

    Well I need the point of trend change to be confirmed but then I’m in relatively tight in the context of the market range. I totally get reducing position size and widening stops too, I’m just not wired to do it.

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