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Hi Sean,
It is a variation of a classic roulette betting scheme,
for instance the bet on red or black, where the odds are closest to 50% as
they can be. Simply put, if you win you double your bet. If you lose, you cut
your bet in half. Lather, rinse, repeat. Most of the time this works fairly
well, especially at keeping one in the game long enough, and the stake, if lost,
is not lost quickly. The problem that Clyde pointed out is that though the odds
are not high, it is possible for example for a 50/50 bet to go against one 30
times in a row. If that happens, someone betting this system would be wiped out
losing their entire stake, and that one loss series may offset most or all of
the previous gains or worse.
Darrin
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----- Original Message -----
<DIV
>From:
Sean Cassidy
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, February 12, 2003 9:33
PM
Subject: Re: [RT] INTRODUCE MYSELF
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Could someone explain that a little more.......I dont really get it
but would like to, even if it doesnt work :)
SMC
-------Original
Message-------
From: <A
href="">realtraders@xxxxxxxxxxxxxxx
Date: Wednesday,
February 12, 2003 11:23:20 PM
To: <A
href="">realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT]
INTRODUCE MYSELF
glad someone knows how to do it
right,
wondering if you program this into a system to
follow for e mini how much better it will perform,
(a project for the week end maybe?)
nice evening and thanks for pointing me in the right
direction,
Ben
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Clyde
Lee(SBCY)
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, February 12,
2003 11:14 PM
Subject: Re: [RT] INTRODUCE
MYSELF
Ben,
It is the straight fib sequence:
0 1 1 2 3 4 5 6 7 8 9 First 9 contracts.
Win then sequence is
account +9
1 1 2 3 4 5 6 7 8 and again 9 contracts. Win then
sequence is
account +9+9
1 2 3 4 5 6 7 and now it is 8 contracts. Lose then
sequence is
account +9+9-8=+17
1 2 3 4 5 6 7 8 and now 9 contracts. Lose then
sequence is
account +9+9-8-9=+1
1 2 3 4 5 6 7 8 9 and now 10 contracts. Win and the sequence
is
account +9+9-8-9+10=+11
This assumes a trading system where wins are same as losses.
Tough to find such a system that does not have long runs of
losers which will still be Gamblers Ruin.
Clyde
- - - - - - - - - - - - - - - - - - - - - - - - - - -
-Clyde Lee
Chairman/CEO
(Home of SwingMachine)SYTECH
Corporation
email: <A
href="">clydelee@xxxxxxxxxxxx
7910 Westglen, Suite 105
Office: (713) 783-9540Houston, TX
77063
Fax: (713) 783-1092Details
at:
<A
href="">www.theswingmachine.com-
- - - - - - - - - - - - - - - - - - - - - - - - - - -
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=profitok@xxxxxxxxxxxxx
href="">profitok
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, February 12,
2003 10:07 PM
Subject: Re: [RT] INTRODUCE
MYSELF
do you mean 1 1 2 2 3 3 5 5 77
etc?
Ben
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=shaqpcc@xxxxxxxxxxxxx
href="">shaq
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, February 12,
2003 10:23 PM
Subject: [RT] INTRODUCE
MYSELF
HELLO
I AM A TRADER LIVE IN TAIWAN.
I TRADE EMININASDAQ100 & TIMEX UNDEX
FUTURES
NOW I USE CASINO-STYLE BETTING STRATEGES TO
TRADE.
GOOD LUCK TO
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