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Do not chase the luck

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  • Do not chase the luck

    I see following approach
    oh this signal made a 4% today lets copy it
    oh it made loss of 10% today hmm
    lets switch to this great system it makes 3% today.
    and so on.

    I suggest you evaluate systems based on longer term performance.
    The baits shown on top performers today can lure you to follow them but most likely you wont get the best system.

    What do you think?

  • #2
    I totally agree, chasing the luck is the worst thing you can do in life, as an individual the only way to get profit in life is to have an edge against other individuals,
    life is moving in circles all the time, we can not escape or at least we dont know how to be break the circle of life yet,
    systems like martingale never work in the long run because 100% probability does not exist, we are always betting in a loop of 99.99999% infinite decimals probability.
    The only way to win is to bet over the odds and have a expected positive mathematical value, everything else is doomed to fail.

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    • #3
      Originally posted by crazymad View Post
      I totally agree, chasing the luck is the worst thing you can do in life, as an individual the only way to get profit in life is to have an edge against other individuals,
      life is moving in circles all the time, we can not escape or at least we dont know how to be break the circle of life yet,
      systems like martingale never work in the long run because 100% probability does not exist, we are always betting in a loop of 99.99999% infinite decimals probability.
      The only way to win is to bet over the odds and have a expected positive mathematical value, everything else is doomed to fail.
      Exactly it does not make any sense to evaluate system based on short period and switch to another. Make it like trading a trading plan, stick to it, if it works keep it, if it does not change trading plan.

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