there are a lot of ways of trying to divide traders into two groups
here’s one of them: (a) the group with some instinctive grasp of logic, arithmetic, statistics and probability (they typically understand, for example, that there’s absolutely no logic involved in allowing the stake for a bet to be determined as a response to the outcome of the previous one); and (b) the group of those living in a strange, hopeful, naïve wonderland (they typically don’t quite understand what the first group does)
group (a) has no interest in Martingales, anti-Martingales or any other similar of related “staking progressions”
they simply want to develop their verifiable statistical edge over the market and then apply it safely whenever it’s possible to do so
in complete contrast, those in the dream-wonderland group (b) apparently imagine that even a system without a verifiable edge can somehow be “made profitable” over the long term and/or “made safe” simply by changing the size of a bet according to the previous bet’s outcome
understandably, they tend not to say that too openly, but some of them can still be found on the web posting over and over again stuff that actually rests on such a misguided premise
we all decide for ourselves which group we prefer, and indeed which group we choose to join ourselves
which group is yours?
