Proof of the Unprofitability of a Martingale’s principle.
Greetings, dear readers! Today, we will have a very interesting article, especially for beginning traders. The temptation of using the Martingale’s principle in trading is very high for them. It is because they lack experience. I will show you the proof of this methods’ unprofitability from a long-term perspective. It somebody wants to argue with it – go ahead!
Martingale.
It is important to define what a Martingale strategy is because not all readers are aware of it. That’s why I want to let them know so they don’t make mistakes in future! The Martingale’s principle was created for gambling ( before it came to trading) and is named after its inventor – Martingale (other versions exist as well). More: http://like-to-trade.com/martingales-principle/
