MROP's posting in the BF forum................

MissingRibOfPrince 19 Apr 00:58

There is none as horselover has said himself. Horselover what would the profit be if you layed the odds on as your opening trade, have you gone back over the results?. Your losses would be smaller and more frequent but i'd imagine its a better way to go about it.

my answer


MROP,

I can't remember that I have talked at some stage about an edge.if I understand you right, you mean that I should reverse my strategy and instead of backing, I should lay every selection.

I personally need for every market position an exit strategy. this is one reason I couldn't do it. I even can't test it, because of this. and as I am already an old guy, I know that if a system has a downdraw people tend to tell other people or themselve, that if I lose this way, I need only to reverse it and go against it.
believe me or not, thats what I did when I was the first time (40 Years ago) in a casino. I can tell you thats not the way to handle a strategy. even if it is a bad one.

the panic reactions after a loss is a very common reaction in the stock and betting exchange.for now I will stick to my strategy. I think that the only optimization could be a better knowledge of my selections.

cheers and thanks for posting