Adding to winners is not the best idea. If the market retraces 50%, you're usually at zero, or if the price falls down to the starting point, you will be at a loss instead of zero since by averaging up, you also averaged up your entry higher up. And ...

The Myth of Averaging

I think it depends which mathematician you ask There is a way to get a mathematical ege in risk management. I'm not going to tell what it is since it took me long time, through a lot of failed experimetns and a lot of thinking and doing math to ...

The Myth of Averaging

Yes, but since it's 51% on the head side, H runs will be a bit longer then the T runs, Not much since there's only 1% diffrence. but if you had a 60% heads coin for example. it would be more noticable.

Probabilities in a Random Walk (Question about one CP's post)

This is well written. Math is so fundamental in trading.

The Ultimate Guide to Risk Management

Hi. It's really easy. Set your moving average (EMA or SMA) to something like 20 bars. What you have to look is where the price is and the slope of moving average. So if the price is above the moving average and it's sloping up, it's un uptrend. And ...

Market Trends with EMA