Naked Chart Based Trading PRM style "LESS IS MORE"

Discussion in 'Journals' started by JSSPMK, Dec 5, 2016.

  1. JSSPMK

    JSSPMK

    It is essential, in my view, to understand the value of compounding the gains in whatever betting activity you do, including trading. It's the foundation of any business expansion, re-investing profits. If you keep putting gains aside you're limiting your potential equity growth. Typical example is starting an Amazon seller business, you buy £200 worth of crap and sell it for £400, buy £400 worth of crap and sell it for £800, buy £800 worth of crap and sell it for £1,600. After 3 stock repurchases you've made a net return of 700%, if you were to put profit aside you'd have made a net return of 300%.

    It is imperative to realise that re-investment of gains via a realistic strategic plans, betting on whatever, presents much better ROI opportunities compared to 'hoarding' profits.

    IMHO
     
    #121     Jan 4, 2017
    algofy likes this.
  2. JSSPMK

    JSSPMK

    Some confuse compounding with Martingale strategy, compounding is prudent money management, whereas Martingale strategy will consistently keep wiping account balances. Apples & oranges.
     
    #122     Jan 4, 2017
    algofy likes this.
  3. JSSPMK

    JSSPMK

    Here's my mate's results for December running compounding challenges starting from £10/£25. He tips sports betting events, makes sense doing it? Yes 100%, as long as you know what to bet on and apply PRM.

    Last biggie lost yesterday, but what was lost? Just unrealised profit, initial stake was removed earlier on, basically 0 loss.

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    #123     Jan 4, 2017
  4. JSSPMK

    JSSPMK

    Number 1 rule of PRM - capital preservation. That's why this is a side income for me & not the main.
     
    #124     Jan 4, 2017
  5. JSSPMK

    JSSPMK

    No DOUBLE DOWNS!

    RESET STAKE AFTER 3RD WIN

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    #125     Jan 4, 2017
  6. JSSPMK

    JSSPMK

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    #126     Jan 5, 2017
  7. JSSPMK

    JSSPMK

    Over 26/1 PRM? Absolutely!

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    #127     Jan 5, 2017
  8. JSSPMK

    JSSPMK

    Raised target a bit to make reward x3.5

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    #128     Jan 5, 2017
  9. JSSPMK

    JSSPMK

    BOOM! SETTLED FOR RETURN PAID JUST UNDER x3.5

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    #129     Jan 6, 2017
  10. JSSPMK

    JSSPMK

    Almost 25/1 odds BOOM! PRM? Small Risk, Big gain, Realistic enough individual match results, in my book this is PRM, some would call it gambling ;)

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    #130     Jan 7, 2017