money management to make a lot of profit with only 60% win rate - page 3

 

Hi,

I fear that you are a victim of the 'Gambler's Fallacy'. In pure random events the probabilities are completely independent, they do not have a memory of the past.

In trading there may be a certain dependency of the the trading results; but this does not mean that you can successfully trade as you described, Mr. Luck.

Please see for example https://en.wikipedia.org/wiki/Gambler%27s_fallacy


Matthias

Gambler's fallacy - Wikipedia
Gambler's fallacy - Wikipedia
  • en.wikipedia.org
The gambler's fallacy, also known as the Monte Carlo fallacy or the fallacy of the maturity of chances, is the belief that, if something happens more frequently than normal during some period, it will happen less frequently in the future, or that, if something happens less frequently than normal during some period, it will happen more...
Reason: