Hi everyone, Paul here.
This is the Marble game. a game designed by Van Tharp. The concept of this game is to simulate a mechanical trading system. and to teach about Risk Management (Position sizing) and R Multiples.
In this game we have a bag of marbles, this marble bag represents a trading system that has an Expectancy of 0.52R per trade. Each Marble by Colour represents a multiple of R Loss or R Win.
now to play the game i will draw marbles from this bag. all players have the exact same string of “Trades” or multiples of wins and losses. the one thing that players have control over is the Risk amount per trade. (the How much factor)
this game is about learning how different strategies to risk management and Multiples of Risk will make the difference between a losing system and a winning system.
To access the webinar just go to www. anymeeting .com/PaulElli1 no downloads very easy to join.
This session will likely last 45-60 Mins so come have some fun and learn how your risk management and exits are an all important part of your success.
playing this coming wednesday night at 8 pm AEST (Brisbane Time) (+10) Also 11am GMT.