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$1,000 ....... All in on Red or black OR are your odds.....

Discussion in Psychology and Money Management

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$1,000 ....... All in on Red or black OR are your odds.....

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  #1 (permalink)
Posts: 232 since Sep 2010

better, more attainable if you waited for that Perfect Setup ? Anyone who has been trading long enough, has seen and knows what it looks like ( whether you trade with Indicaotrs or without Indicators ) , there are certain trades when you are watching your chart(s), that when they occur, you get extra excited and are confident , that this trade will Net you a gain. My question boils down to this..... If you took $1,000 , would your odds of doubling that $1000 , be better odds in your favor of doing so, by betting on either black or red on the roulette wheel OR would you have a better chance at doubling that $1,000 , if you sat on your hands and waited for that " Perfect Setup " to occur, and set your Risk ( Stop at $1000 ) and your Target at $1000 . It would be in all or nothing trade you were willing to Risk. Example...... Trading the ES , you trade 8 contracts, and your stop is 2.5 points and your Target is 2.5 points. Which of these 2 options would you be better off risking that $1000 on ? We will assume you are trading larger timeframe charts , and also assume that given the Timeframe chart(s) we are trading on, that a Target on the ES of being hit for 2.5 points, in any given trade, is likely ( we're not assuming we catch it at the bottom and have to hold it to the ADR of the ES max range ). Anyways, it was just a question that came to me yesterday, wanted to share it and get other Traders thoughts. Thanks everyone - Michael

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