Posts tagged ‘Martingale’
Martingale Madness
At least once in their lifetime, every trader has been tempted by the seductive lure of the high win percentages and “easy” profits offered by Martingale money management (doubling/averaging down).
Its all nonsense of course, and every time I think about revisiting the Martingale, I force myself to take a look at the equity curve of a particular ES strategy on C2:
