Guys, stop doubling up / chasing your losses like tards

by zsd99

Let me introduce you to the mathematical theorem of gambler’s ruin.

Basically, gambler’s ruin was invented by some cucks in the 1600s that mathematically proved that a gambler making positive expected value bets (imagine a dice rigged in your favor) will eventually and inevitably go broke, in spite of the odds being in their favor, if they don’t lower their bets as a % of total bankroll when they lose.

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In other words, even if you are WSBGod and are making random ass option plays that have a 99.9999% of winning. It is a statistical certainty that you will eventually lose all your money if you don’t lower your bets when you lose.

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tldr;

  • Lower your bets as a % of the cash you have available to invest
  • Stop doubling up / chasing your losses
  • Stocks only go up, yes, but manage your bankroll appropriately

Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.

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