Staking Plan / Loss Recovery | HELP please ...

[Crazyskier]

Please accept the wisdom of others who have crashed and burned, Minnie.

DO. NOT. INCREASE. STAKES. AFTER. A. LOSS.

Rather, work harder to develop a system that beats the odds consistently on it's own merits. You'll be glad you did long term, I'm quite sure.

CS

[ANGELS15]

Please accept the wisdom of others who have crashed and burned, Minnie.

DO. NOT. INCREASE. STAKES. AFTER. A. LOSS.

Rather, work harder to develop a system that beats the odds consistently on it's own merits. You'll be glad you did long term, I'm quite sure.

CS

Truer words have never been spoken

[Euler]

At some point in our trading / betting career we have probably glanced, if not done more, on loss recovery. But it's surprising to see it so persistent in the mindset of so many people. It's probably the #1 request we get for 'improvements' to the software. But it's something we will never implement. I just can't bring myself to ever approve it knowing the historic carnage it's wreaked. It's unfortunate that it's so actively encouraged in the industry when it can only ever have one long term outcome.

[jimibt]

i tend to view Loss Recovery systems with an weird awe (with respect to those that employ them). in essence, what they're saying is basically that they've discovered a secret sauce that requires a few losers in order to boost the stake to win the big one, otherwise, keep everything level when you are winnning...

beats me tbh -but each to their own and a bit like politics/religion, you'll never convince those on the opposing side of your wisdom.

[to75ne]

beats me tbh -but each to their own and a bit like politics/religion, you'll never convince those on the opposing side of your wisdom.

I would argue that as you cant disprove completely concepts such as Gods etc, and whereas you can disprove completely concepts and systems based on loss recovery, just as you can disprove say flat earth theories; therefore its not like a religious belief where the believer can hide and argue in the cracks where science is still not robustly water tight, such as God of the gaps type arguments.

Flat earth believers (and the like) cant hide in cracks, there are no god of the gap arguments for them, they are either just unaware/uneducated or thick, deliberately delusional or delusional through no fault of their own and therefore mentally ill.

[jimibt]

beats me tbh -but each to their own and a bit like politics/religion, you'll never convince those on the opposing side of your wisdom.

I would argue that as you cant disprove completely concepts such as Gods etc, and whereas you can disprove completely concepts and systems based on loss recovery, just as you can disprove say flat earth theories; therefore its not like a religious belief where the believer can hide and argue in the cracks where science is still not robustly water tight, such as God of the gaps type arguments.

Flat earth believers (and the like) cant hide in cracks, there are no god of the gap arguments for them, they are either just unaware/uneducated or thick, deliberately delusional or delusional through no fault of their own and therefore mentally ill.

really nicely summerised - like that

[The Silk Run]

Dear Forum members

Thank you for all your responses, knowledge, and words of encouragement.

Have a nice day
Minnie LAI

[ShaunWhite]

I've stopped using my regular losing system and I now just use my loss recovery system all the time.
That way I never lose and it's all win win win.

[The Silk Run]

I put this system into live today following a 1000 cycles in simulation, and without any Loss Recovery. I don't expect any difference because its about selecting the right animal to oppose, and at the right price ...
I normally like to batch 10 markets consecutively but only managed seven today due to the API being unresponsive which effected some of the prices, higher than I would normally accept.
Staking £30 Fixed Liability, automatic stop loss in at 25%, with manual oversight as a precaution, but within that region I find pricing fairly stable and will not break jail.
The last trade is a Back Trade, I normally put 2, or 3 in the batch to absorb Premium Commission.

[Derek27]

You need a bigger sample than that, but if the system works why do you need loss recovery?

[The Silk Run]

You need a bigger sample than that, but if the system works why do you need loss recovery?

Hi Hi Derek27

Thank you for the reply.

BACKTEST: SIM 1000 LAY [opposing] trades 967 Losses, 33 Win. Supporting documentation available on request !!!
SIM, or LIVE, does not matter, whatsoever. EDGE being the ability to select opposing animals,
at HIGH strike, inc VALUE ...

I think you are right. Maybe I don't need any Loss & Recovery.

Kind regards
Minnie LAI

[wearthefoxhat]

You need a bigger sample than that, but if the system works why do you need loss recovery?

Hi Hi Derek27

Thank you for the reply.

BACKTEST: SIM 1000 LAY [opposing] trades 967 Losses, 33 Win. Supporting documentation available on request !!!
SIM, or LIVE, does not matter, whatsoever. EDGE being the ability to select opposing animals,
at HIGH strike, inc VALUE ...

I think you are right. Maybe I don't need any Loss & Recovery.

Kind regards
Minnie LAI

You could flip it and ratchet your stakes up after a winning sequence.

[ShaunWhite]

SIM, or LIVE, does not matter, whatsoever.

So you've done a backtest and a seperate sim? If you've only been looking at historical data and calling that a sim, then your confident assertion that data analysis and running live are identical doesn't measure up to received wisdom.

[The Silk Run]

Not wishing to sound rude, but would you be so kind as to re-submit your reply in Plain English !!!
The topic is "Help please" ...

Kind regards
Minnie LAI

[ShaunWhite]

Only live = live.