DislikedIt is a fact that every morning newbies wake up discovering martingale
and because they make a few profits, maybe for 1 month or more,
they think they have found the holy grail.
Then price is whipsawing like never before (and that will happen) and
their accounts are blown apart .
Margin call, not enough money etc.
But you can tell them 20 years and still each morning some other newbies wake up and discover martingale and make some profits and their mind does not allow them to listen to those who have experience ....
until they blow their live...Ignored
Guys, newbies, pls just listen to peeps who have experience here. Don't be stupid, listen - I repeat, LISTEN! Martingale has claimed more accounts than any other strategy - ever. It WILL blow your account, there is absolutely no doubt about that.
Now I know most of you won't listen to sound, honest advise - but lets hope a few sensible ones will stay clear.
As for Groundhog Day - Brilliant movie, loved it! You can learn a lot from a movie like that. For example: Learning from other people's mistakes. Or, listenting to reason. Like how experienced traders advise you to stay away from something that is common knowledge to be dangerous. Martingale is a good example of that.
Oh, almost forgot to mention guys - STAY AWAY FROM MARTINGALE!
Got that? You sure? Really? Wait, lets just be certain things are clear here:
STAY AWAY FROM MARTINGALE! IT IS THE EBOLA VIRUS OF THE FOREX WORLD - DON'T EVEN TOUCH IT WITH A 10ft POLE!
Great, let's hope that sinks in...