Day 12 Lewis Glasgow's SIX 000 Capital 14 Day Course - Risk & Reward

in #trading • 7 years ago (edited)


Risk & Reward

Have I said I like this course? Well, here's another reason. The strategy @lewisglasgow has developed keeps giving. So with the introduction of harmonic patterns, you have an 80% chance of hitting and turning profit. His risk to reward strategy is set to 1:2, so that for every $1 you risk, you stand to gain $2. That excites me because you can win a little under 50% of your trades and still turn a profit.

This is amazing because it turns something as mysterious as trading into a science that you can use to consistently make a profit. I haven't been able to find a strategy like that, and I doubt I will. If you have something please go ahead and tell me! :)

Betting and SteemDice

By hedging my bets, I thought I could beat SteemDice

I didn't.

SteemDice allows you to set a wager, and will tell you what the payout is.

So hell yeah, I'm going to use my casino betting knowledge in my favor. I set the wager at 75%. I would bet $6 SBD to gain$ 2 SBD. Every time I won, I dropped the bet. I would get down to $1 SBD, and when I finally lost, I wouldput my bet back up to $6 SBD. I know the likelihood of losing twice at 75% odds is slim.I continued this strategy and was up $50 SBD. Then I started getting greedy.

I would bet the max amount $25 SBD and won. I kept dropping it down. I must have pissed off the game, because I ended up losing 4 times in a row. I won small, then I lost again. I had won against the casino, and the casino wasn't happy.

moral of the story: don't play steemdice

Day 12 of 14

If you're curious about the course here it is sixfigurecapital.com
Link to Day 1
Link to Day 2
Link to Day 3
Link to Day 4
Link to Day 5
Link to Day 6
Link to Day 7
Link to Day 8
Link to Day 9
Link to Day 10
Link to Day 11
Link to Day 12
Link to Day 13
Link to Day 14

UP, RESTEEM, U5dt42G4xW1EyBKDCHWEBSZLxMxDnZk.gif @corganmusic for more!

#steemdice #blog #course #risk
7 years ago in #trading by
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