Hi

I just heard that from a trader : To double your money in 40 trades is scientific!

It seems to be a money management game. Take a trade, which you have a 50% chance to loose or win.

It has to be done with 40 trades. At the moment you earn, you double your risk. So, in between 40 trades you double your money.

Any body here which traveled this road ?

Delta_Panther

The problem is that when most people enter a trade, I exit a trade, so you are always a step behind.

MetalTrade 

The problem is that when most people enter a trade, I exit a trade, so you are always a step behind.

I did not ask about any entry and exit strategy

Delta_Panther 

I did not ask about any entry and exit strategy

I wanted to say that you need to have an edge to enter the market, or you will not have 50% chance of losing/winning, it will be more like 30% chance to win and %70 chance to loose

Here's the thing, I trade size, and the bigger the size is, the sooner i exit a losing trade, and the sooner I take a profit.

So go big and you will exit too soon on both sides :-)

but you could be better than me of course and pull it off

Delta_Panther 

Hi I just heard that from a trader : To double your money in 40 trades is scientific! It seems to be a money management game. Take a trade, which you have a 50% chance to loose or win. It has to be done with 40 trades. At the moment you earn, you double your risk. So, in between 40 trades you double your money. Any body here which traveled this road ? Delta_Panther

What do you mean by "at the moment you earn" ? Moment you earn how much? 1 tick, 1 point, 10 points? Very vague strategy, and also assumes unlimited funds are available.

MetalTrade 

I wanted to say that you need to have an edge to enter the market, or you will not have 50% chance of losing/winning, it will be more like 30% chance to win and %70 chance to loose Here's the thing, I trade size, and the bigger the size is, the sooner i exit a losing trade, and the sooner I take a profit. So go big and you will exit too soon on both sides :-) but you could be better than me of course and pull it off

Ok, size and having the edge to enter the market with good odds are the weak points in the story, if traded the way I explained it in the first post.

Did I understand that the right way, as I am not a native English speaker ?

ticker 

What do you mean by "at the moment you earn" ? Moment you earn how much? 1 tick, 1 point, 10 points? Very vague strategy, and also assumes unlimited funds are available.

At the moment, I only have vague informations as about how much he has on funds, how much risk he is taking on any trade and how small or big his stop losses are.

Funds, I guess are around 100'000 $ and I am not told in details about his strategy. I was more interested about the real possibility of the whole story and you already point me in different direction to see behind it. So far : Thank you !!

Ok, I got some more informations from the guy. It is like bandwuermer pulling out of his nose .
Risk seems to be 2 % and at least 25 points in some not named market. No big indicators. Only volume, price and some kind of MA.

What do you think about it ?

Delta_Panther 

Ok, I got some more informations from the guy. It is like bandwuermer pulling out of his nose . Risk seems to be 2 % and at least 25 points in some not named market. No big indicators. Only volume, price and some kind of MA. What do you think about it ?

No