RE: Market Mathematics Part 2 and Part 3

[coffeetrader]

Hi Luc, I'm totaly fascinated by this method. Do you think this can also work with for example BTCUSD? Because my broker alows going short and long on 5 coins atm. Oh and thanks for sharing!

Comments

[quickfingersluc]

likely your broker does not allow going long and short at the same time.. thats the issue with using this method in anything other than forex..

[cyberwolf]

Bitmex allows multiaccs, so it's possible to manage 4-5 positions manually (more than that will be total mess). But I see some challenges with this method:

1. It's not easy to open high-leverage position (otherwise it's not worth the effort) in such volatile market
2. You need to manage positions every day, because you can't miss opportunities to place "soldiers"
3. Crypto infrastructure is immature. It's risky to hold long term positions
4. Capital. You need it. The author of the method was already successful entrepreneur at that time, I think it's crucial to be relaxed about losses.

However, I think one can overcome this and fly not to the moon but to the mars.

[coffeetrader]

I agree with 3 and partly with 4. I think its not a must to use a super high leverage and still make this strategy work. Pipeasy also suggests that you practice low risk entrys for half a year, so you can move yr sl to break even fast and make the costs (collateral damage;-) as low as possible. Further, i dont think you have to manage positions every day. A trend can go on for a long time, so maybe this can work with even 3 posistions a week or less. Pipeasy started with 5K, but you can also strart with 1K. Last, a professional trader must learn to control emotion, otherwise no strategy ever works in my opinion.