Date:Sun Dec 22 2024Tokyo:17:14Sydney:19:14New York:3:14London:8:14CET:9:14
BinaryOptions.net Forums› General
How much do you think you would need in your account?
First though this has to do with trading Binary Options it has little to do with trading.
I was reading about a modified Martingale method. Yes I know blow your account..been there done that no fun.
But given you are not the unluckiness person in the world.
I wonder what size account you would need to keep this cash cow running.
The rules are simple"
Your first trade is $5 and you keep trading $5 till you loose a trade
Your next trade would be $25 to cover costs and give a little profit if you loose net trade will always be enough to cover all losses and a bit of profit
when you finally win a trade you rinse and repeat.
Honestly I can't see myself losing more than 10 trades in a row yet 20 trades.
I know it's crazy but for example the odds of flipping a coin which is 49.99% 20 times in a row and losing every time is like 1 in 1 million 700 thousand.
So just thinking how much would your account balance be to keep something like this running. Any idea?
I was reading about a modified Martingale method. Yes I know blow your account..been there done that no fun.
But given you are not the unluckiness person in the world.
I wonder what size account you would need to keep this cash cow running.
The rules are simple"
Your first trade is $5 and you keep trading $5 till you loose a trade
Your next trade would be $25 to cover costs and give a little profit if you loose net trade will always be enough to cover all losses and a bit of profit
when you finally win a trade you rinse and repeat.
Honestly I can't see myself losing more than 10 trades in a row yet 20 trades.
I know it's crazy but for example the odds of flipping a coin which is 49.99% 20 times in a row and losing every time is like 1 in 1 million 700 thousand.
So just thinking how much would your account balance be to keep something like this running. Any idea?
Comments
you will have multiple losses and no matter the size of your account
you will be doubling or trippling or trading all in and might blow your account.
Also, obviously it depends on the minimum trade size allowed with the broker.
So check the min allowed trade size and do the math how many trades in a row
you would have to lose before it's game over.
http://forum.binaryoptions.net/discussion/1715/rejected-door-knock-technique-by-roman#latest
I would think the pigeon poop might not end up being very well correlated to the euro though could be wrong...