Roulette A winning strategy has no stop loss (??)

I did steal this TOPIC from RF because its pretty decent. The part that is not discussed (and why I brought it up) is, you can certainly have a "winning strategy" and a stop/loss for the *DAY*, correct?

If you say NO Ken, then that means your method MUST win everyday? I say no to that.

Ken

 

If a person where to swing trade a Roulette table inside the micro swings that are common then a stop loss and a stop win are essential. Most people have no idea that there are common micro swings.

 

"Swing trade" and "micro swings." You're so full of shit Gizmo!

Experienced gambler's call that "curve fitting." LOL!!!

 

I read this years ago and I agree with it....lets just pretend you agree on a 20% win/goal, stop for the day.

Lets say you now have a $500 net profit. If you stop playing & leave, you have a guarantee of a $500 profit. If you say f**k the $500 and continue to play, its no longer a guarantee. Its NOW a possibility to leave with a profit. A HUGE difference between guarantee AND a possibility.

Ken

 

Come to think about it, I can also give a reason as to why you should have a stop/loss (almost same as above). Lets say you agree on 30% of your BR stop/loss (only an example guys). You hit that 30% but say f**k it, keep on playin!!!!

You now risk that -30% becoming 45% etc. Point being, rules bring STABILITY to your game. Its not suppose to be the fuckin wild west at the casino......play for 12 hours straight and shoot for a 400% return on your buy in. Would that be nice? Sure. Is it mandatory? No.

Ken

 

Coming from the house always wins, absolutism of a hard core stance that you have represented all your life, I think it is absurd that now you represent a faction of interpolation over smoothing. Of course everyone knows that. I'm strictly creating a new normal based on reading randomness as opposed to blind chance. We all know that you believe all guessing equates to blind chance. For you it must. So where are the theoreticians that have effectively "curve fitted" a swing trading strategy? That's right. They have all gone the way of the gooney bird. You really don't see opportunities in Roulette. That is a kind of curve fitting all its own.

 

Good subject . A win goal should not be a win stop. Once a player reaches his predetermined win goal he should continue betting until the first loss . Simple as that Then leave the table and don't look back .




ND

 

I can meet you half way on that. I did a GREAT thread on this a few years back......

If/when you meet your win/goal, keep playing until if/when you drop back down to the original win/goal, then STOP for the day.

EXAMPLE being, (I'll keep it very simple).....using $15 units. Your win/goal might be $800. You are currently at +$700 & play time (thats another subject) is under three hours. You get a hit & are now around +$1,150, ($350 over your goal).

Keep playing your method with the LEFT OVER $350!!!! Sure, try and win more. If/when you lose that $350, you are DONE (for the day). You still left with your ORIGINAL goal amount ($800).

Ken

 

Have to agree with you Ken ... if I'm up a few hundred dollars and I've been playing for over an hour, then I try and limit my risk to only the money I've made during that session. No point to carry on playing when you're tired. That said, if I'm up quickly into a session, I would carry on playing as normal and to keep going.