This is a martingale betting strategy. Only works if you can continue to outlast the continuing losses. upvoted because of programming not the strategy.
Personally, I don't gamble or trade. As I described in my post, I made this program for a friend. However, the reason why he asked me to make it was the fact that he used this approach manually with great success, but he spent much time calculating all these values manually. :)
What I would advice is to get yourself a test account, try to trade using this approach and see the results.
This is good advice. It is smart to have a plan when investing/gambling. I will be keeping this technique in mind For my next investments.
Anything that gets me profit and not a loss is huge. Always nice feeling to buy at the floor.
I've made my share of mistakes trading along the way(buying high,selling low). Thanks for the great advice.
If I may ask, What is the point of investing if you are not helping a company or an idea behind the company ? All you want to do is take a dip and make money from volatility. What cause is this helping ? Short and long positions are understandable but daily dipping ? Please enlighten me.
In my understanding, this is a much more conservative approach than martingale strategy. It takes advantage of volatility and builds more wealth for an individual investor. It has nothing to do with the company who issues the shares. However, there are crowds of traders like this on the net.
This is a martingale betting strategy. Only works if you can continue to outlast the continuing losses. upvoted because of programming not the strategy.
It isn't Martingale because you don't double down, but is having a finalized investment in mind, which is within your means.
Interesting :) Have you made profit since you have programmed this program?
Personally, I don't gamble or trade. As I described in my post, I made this program for a friend. However, the reason why he asked me to make it was the fact that he used this approach manually with great success, but he spent much time calculating all these values manually. :)
What I would advice is to get yourself a test account, try to trade using this approach and see the results.
Very interesting this program, thank you for this great discovery I will try right away :)
Thank you! It's my pleasure.
Thanks for this information.thanks for posting it.
My pleasure!
Upvoted and followed.thanks.
This is good advice. It is smart to have a plan when investing/gambling. I will be keeping this technique in mind For my next investments.
Anything that gets me profit and not a loss is huge. Always nice feeling to buy at the floor.
I've made my share of mistakes trading along the way(buying high,selling low). Thanks for the great advice.
I am glad this turned out to be useful. Good luck with your investments!
There is a lot of info out there on technical analysis but not a lot on money management. Good job!
Thank you! I heard of the courses by Van. K Tharp on money management. However, to my knowledge, his classes are not free. LOL
If I may ask, What is the point of investing if you are not helping a company or an idea behind the company ? All you want to do is take a dip and make money from volatility. What cause is this helping ? Short and long positions are understandable but daily dipping ? Please enlighten me.
In my understanding, this is a much more conservative approach than martingale strategy. It takes advantage of volatility and builds more wealth for an individual investor. It has nothing to do with the company who issues the shares. However, there are crowds of traders like this on the net.