Dollar Cost Averaging and Martingale (Podcast Episode 40)

[@chevelle6158]

R.I.P. NIPSEY HUSSLE , he started classes in his neighborhood teaching people forex & other ways to invest your money . I thought about quitting forex plenty of times I'll listen to some of his music & get my ass back focused 👍💯

[@BoHorror]

Personally I think what sets you apart from most educators is that your stuff is free, and through doing so it shows you've made it and don't really need the money

[@smallcrs2006]

Naa VP is actually a FUNNY guy nearly every video I watch he makes me laugh XD as well as learn something

[@247Lang]

Lol I agree.... he's got a hidden sense of humour

[@arfa9601]

Nice content as usual. Tnx for reminding people of the dangers of Martingale family! In hedge fund industry there is a similar yet deeper topic which is concerned with improving Sharpe by undertaking unmanaged/hidden tail risk. Finally, split Martingale has no significant merit either. I have coded various risk/money management strategies for various systems and just wanted to assure everyone Labouchere doesn’t improve your expected return while maintaining the desirable risk profile. Cheers.

[@Mohale94]

The April fools prank would have ruined my entire life. With that being said you should've done it VP 😂😂

[@hydreus706]

At 20 I heard about Martingale, used it online on a roulette table. Worked out 16 Red's/Blacks in a row and $1 would have become something like $330k. Tweaked it to my own system using 1/3rds, did really well, turned $150 into $6000 over the course of 5 days, until the online betting company realized what I was doing, brought down my bet limit from $300 to $50 and then watched me give all $6k back. Morale of the story, don't chase your losses. Also if your system is effected by outside forces, sit back for awhile and tweak it so it works again EDIT: Reading the podcast I see that VP also liked testing out theories for strategies on free casino trials.

[@axelisganteng]

watched this video at the right time lol. lost a lot of money yesterday because of the martingale system. thanks vp, you are the man.

[@jasonrajotte5172]

I'm getting to this podcast a little late... but oh man VP, you so should have done the prank.... Would have been brilliant!!! Our humor is very much alike, you make my day every time I listen to a podcast or video...

[@recomdos]

I'm watching this on April 1st 2020!! What's the chances? Well...my youtube entry indicator got me in, albeit a little late (past 12:00, where April fool's allegedly ends), but the confirmation indicator is good, and I'm going to increase the volume before exiting onto the next money management video :D. It really isn't a game of chance, it's technicality. Jokes aside, I love your work VP. Very entertaining and a very consistent approach, which is what I like. I've not started trading at all yet. I listened to all your podcasts back to back whilst commuting to and from work for a few weeks, having never seen a chart. I have then completed babypips, every lesson making notes. Now working through each of the video playlists again, taking notes. It's a lot of work before I even venture out on my own. No doubt I will need to go through a LOT of content again before I even get onto a demo. Absolute newbie who is still resisting the urges of those instagrammers who all look like they and their followers get amazing results!!! :O

[@phoroclock]

You could have done an April fools joke revealing in a video all the indicators you use lol

[@BG-nl3hy]

I thought that was gonna be the joke......heres everything I use kinda video

[@errinjm]

Thank you for what you are doing. I cant stop watching this series and I am excited to get my entire system running like a finely tuned machine!

[@poloshirt855]

How are you now?

[@petereastman2663]

I've always considered Dollar Cost Averaging as a bad bet. I will scale in when a trade goes a little south but all my indicators say the trade is good. This all has to be within my Risk Management. VP, you are great. Thank you.

[@185bel2]

I just wanted to say I'm grateful for all your videos. I'm laser focused and going through them in order. Cant wait to finish. Thank you VP. Eternally grateful.

[@Williamturner37]

Quite a new trader here, spent the last month burning through your videos in the order you suggested taking notes etc and have now finally come up with a strategy (probably a poor one at the moment lol) but with solid money management so cant thank u enough my man ❤️

[@kevinavila8921]

Hey VP. I think you have very valid points. Especially for beginners in this realm. I have been building my own algorithms for 2 years now. I think the value you are providing people is tremendous. But, that being said. I have found a way to make martingale work for me. It’s taken me over a year but there are ways to make it work well. Also... I use a SL.

[@mrniyi]

I knew how this was going to end the moment I saw the title. Being a casual sports bettor, the word Martingale triggers the red flags even if I was dreaming in my dream. I just watched the video just because its an addiction. And its great to see your version. You did tell me about this sometime ago

[@corneltomescu8284]

Falling asleep listening to VP, wakeup doing the same thing. Thank you V.P.! ! !

[@stonemonkey900]

I would have enjoyed that April fools joke, VP. We know why you are doing this for us, and we know it's not for the money! Would love to hear the full story when it comes to beating the casino! Thanks for your consistency and solid content! It is very much appreciated!

[@NoNonsenseForex]

It's in the blog, check it out!

[@cazkeymekam6427]

1. I've really been spending a lot of time on those renko charts after seeing that video. Especially on fractional pip bricks it's soooo clean and straight forward its like OCD Therapy. It really threw me for a loop on indicators though but I've found a couple decent ones also the ATR is a mess but the ATR based bricks make for choppy charts and kind of kills the point of why I like renko charts I would love to see your take on line break charts. I've tried looking online to see if you've covered this if I can't find it I may have to reach out to you in the blog I'd love a name drop in the podcast. 2. Thank you for not charging for all of this. Hopefully one day in the next couple years I'll see you at a maverick conference. Beers are on me.

[@samkhalil3784]

For any stock....there is a rock solid support level at Zero ;)

[@silenttrader9636]

That's why I'm usually on the BUY side :-)

[@abdalrahmanayman7069]

U hunt the ideas. proud 2 hear your voice every week I share my son your videos always I learn something new. hugs.

[@bengichuki1372]

The first time i learned about martingale i felt like "wow" but it was not long and i started weeping....VP you are right. keep off martingale....i just wonder how it can even work in forex!!

[@teenspirit1]

DCA is provably a great bet, most people don't know the mathematics and the method behind it. With DCA You don't just do "if price goew below, invest N times more". In DCA, you periodically invest a constant amount in a long term growth portfolio to average up and down moves. You end up investing both when market is down and market is up so you end up with the average up slope. OTOH Martingale doesn't really make sense as a long term large capital investment. It is just insane risk for a relatively small gain. Does it have its use? I really don't know. Simulations say it performs better when entry points are selected at random. Oscillator/indicator based strategies perform much better when stops are in place and perform terribly with martingales. I guess there is a way to use them but I don't know.

[@r6854]

I tried the martingale system once when I was in casino. For about 10 minutes I looked like a genius. After about an hour or so, I looked like Rainman....if he was bad at math.

[@jeffhaley9494]

Thanks VP! Just finished the blog too...good stuff...appreciate you taking the time...sounds pretty interesting...willing to test for sure!

[@anabatta7019]

great podcast great blog .. the word "astronomical" had a deep impact .. was doin it some times in my forex trading .. placeing stop loss at 0.75 ATR, first time felt like cheating , but since it -so far- never hit it i think its yet to be worked @.. so many thanx VP ..

[@amaze2n]

By the way, I have finally seen the light with regards to the daily chart. I implemented many of your tenets, but using the 30m chart. Totally not worth it. I wish I had listened to an experienced trader from the start. Lesson learned.

[@andrewbrown4313]

It blow my mind whenever you mention a mistake you did, I did i!.. I felt stupid doing the martingale "strategy" but the good news is that it was on a demo tho. Great video as always

[@ashoka9416]

Excellent ! you have doing tremendus support to retail new be trader.

[@lucapuzzoli8363]

I can imagine my self calling my friends saying hey didn't you hear vps podcast today? It would have been hilarious!! Thank you Vp forever grateful

[@williampennington7949]

Thanks for the great podcast VP. Your strategies have improved my trading tenfold! You really got me on the right track. I live in CA so I totally know what you mean about getting our time back by trading the Daily. I do and now I get to have a full nights sleep every night! Thank you for that gift!

[@Trendinlikeash]

The pulsing light joke was funny XD. I love your voice, and its the main reason why I watch however, while trying to learn forex, I actually tried looking at the day timeframe and it actually help me out a little. Good work! I'm trying to understand your methods but you're voice is distracting (but in a good way).

[@zacharysandler4949]

Let’s get pissed!! Keep bringing the heat baby. Would have been a brilliant April fools joke. Would have gotten my ass. Much love amigo.

[@earlleonardo]

Appreciate you generosity with sharing your knowledge, experience and insight!

[@fall5700]

Although today it’s a sad day, I religiously came to get what you had to say like every Monday morning. At this point I don’t see myself trading other way than the NoNonsense way. I lost money to Martingale when I was trading binary options, bad strategy. RIP Nipsey Hussle, your legacy will live on out there!

[@NoNonsenseForex]

Somebody needs to pick up the torch and go make that Dr Sebi movie now.

[@Uebermann]

Hi VP, At 8:14, you said Dollar cost averaging shouldn't be used in metals, despite them having an intrinsic value. You also said you will cover the reason while during the metals videos. Did you address this yet? Sorry if you already did and I completely missed it.

[@NoNonsenseForex]

I just forgot to mention it. Metals trading is still spot metals in the end, which means you can get wiped out in a hurry, even if you're right in the long-term. If you're investing in these things through holding actual metals or ETFs, you could average down if you wanted to IMO.

[@LukaszAdams]

I use reversal martingale system.When i got string of loses i cut my risk by half but leave my risk reward as was.

[@tomhauer3825]

Wow... just read the blog... this is gonna be fun!

[@eurisko7119]

I never stop learning new vocabulary from you vp (FYBA) hahah.

[@Erfi1604]

Hi VP..I love your Money Management advices..they are really great and from my point of view the key to success..Thank you very much!!

[@rahulchahal5360]

By the power vested in me, I bestow the title of “Sir”. Thank you Sir VP

[@verdiengelbrecht1782]

Vp is Lit 🔥 enjoy the content learning alot!

[@Henry.Wallace]

I'd love to hear the peeing in the trashcan story

[@amaze2n]

Thanks for the video, cheers VP! That April fool's idea would have gone over a lot of people's heads... a ton of people are already convinced you're luring us into something. Would have been hilarious though.

[@IamLuisAlvarez]

APRIL FOOLS, 😂 definetly would have been a good one lol GOD BLESS you VP, thank you for all you do!🙏🏽🙌🏽❤

[@dimitarkirchev8561]

Hey VP. The blog post intrigued me. I've been testing it exactly the way you described it. I have a question though. If you bet on the banker the house usually has a 5% commission. So even with 2 consecutive wins and you clearing the sheet you don't get exactly the full amount (20 per sheet). That changes things in the long run / losing streaks. What's the way around it? Thanks!

[@NoNonsenseForex]

I'll update the blog on the weekend, and it will mention this. It's the one thing I probably left out.

[@davepavalov6082]

@@NoNonsenseForex can you please also include a solution for the "Bank wins on 6 0.5:1" ? I reached a really long line few of which consisted 6s and after clearing it I was in the minus

[@will2461-j2n]

You can predict how many losses you will get in a row and how frequently they will occur given the win percentage. Something like 50/50 would give you 4 losses in a row every 16 trades. I don't actually remember the answer.

[@jiqi4194]

Thank you.

[@fxfunpo]

That joke would fit in perfectly 👍 ! Happy April Fool Day! Thanks again VP!

[@fmonty1]

Thanks VP you keep me moving forward in the forex game! Lovin it Yeah!

[@bigles9083]

Trying a money management system from horse playing days.I know it will work because it's sound.Its not Kelly criterion or fixed percentage mimimum strategy.One thing about gambling you get well schooled in preserving your bankroll!

[@jka671]

VP... the Ben Shapiro of Forex!

[@MikePost]

Can't believe you know Ben Shapiro, nice!

[@shugaku2461]

this is an insult isn't it

[@roym1444]

hahahaha heros

[@antoniow4888]

Awesome... That prank would of fooled me.)))) Although I wouldn't blame you for charging $$. Thanks VP.

[@Renee-cd3sm]

Thanks for the baccarat tip. Having lots of fun haha

[@quantum-q8j]

Great content as always...!!! Looking forward to next video... I don't know if it'll be about Bollinger Bands... I like BB and I think I get it why you don't like them (that whole breaking bands deviation think is a reversal concept but I've been testing them with your system to have an idea of a possible pullback to get a better entry I know I have to stop trying to be too fancy😂😂... Anyways if not this Thursday whenever you destroy the BB I will not become a hater if that didn't happen with the TDI the BB are not gonna make it 😂😂😂You are the man VP!!!

[@unsein8972]

maybe u will like this indicator. just search: BBSqueeze. or Bollinger Band Squeeze. use version 3. i think much better than ver.4. regards

[@felipediazcristianismo]

I think this is the year I was mentally prepared for April's fools jokes. I'm from Chile. So, for many years I have believed freaking annoying jokes, some real headaches. No more!!!!! haha

[@kumu8879]

I learned that Martingale didn’t work back when I used to gamble CS:GO skins 😂

[@ctpgaming1562]

What about reverse Martingale? Don Guy has a book on it, pretty good read.

[@lm5585sysmatrix]

Red the blog on betting...great stuff. Just can't figure out how to apply it to forex. Race to 80 pips? Did anyone figure it out and try it?

[@rickjust]

been playing baccarat online all day using your method. Pretty solid . Even if the banker takes 5% of every win. you would have to have a pretty long losing streak to lose $2000.

[@mnovo]

New sub. Love this playing in the background while working in the shop. Thank you.

[@firewight1944]

Nice one mate, I knew for sure these were a bad idea, and yes I've been burnt before... lolz! ROFL @ peeing in a trashcan hahah!

[@kemawellington3238]

Agree that DCA is better suited to a longterm stock portfolio (e.g 401K) and not Forex trading. However dollar cost averaging is actually buying equal units at equal intervals regardless of if the price is going up or down in order ease your way in and get an average entry price. As opposed to averaging down which is just trying to buy the dips every time price goes against you. On the other hand. Martingale sure is a recipe for disaster lol.

[@bryanmureithi4261]

thanks for doing this for free. I wouldn't be able to afford it and it's built my confidence in trading, greatly

[@joemskilton-camacho7203]

If the banks are the only factor controlling the market then how is it that most currencies had a huge dip during covid? Surely tons of people would have been short making it logical for the banks to move price up?

[@kitchenspiral]

Some of us in Japan acknowledge April Fools Day, but not very popular thing to do, certainly not a local tradition, LOL. Thank you for your great policy to lead us (me) to be top 1% of traders.

[@georgesavka6909]

Nice one mate!

[@djrihana1078]

Just put about 500 trend indicator in the bin and took few in my pocket god bless u VP thanks man just find it hard to find the volume indicators cheers anyone can help in volume indi websites

[@HowToJohnHow]

You will make John a millionaire. John sends his regards. Best, John.

[@1CarlAnthony]

Thanks VP. April's Fools joke would have been funny!

[@tooperfecthairextensionslt2451]

Thanks as always VP, we love you lol

[@dwaynetaylor54]

I was going to ask about your sport betting success strategy. Thanks for sharing

[@maze2maze2]

thanks

[@alexw4366]

Love you VP! Your the man

[@laurentoutant6382]

Its pretty fucking amazing how you realease videos on the subject I really need informations on.

[@NoNonsenseForex]

I'm in your head!

[@sevenhawk76]

Good morning from Portugal, cheers!

[@meda.5985]

Thanks a lot VP !!!

[@laurentoutant6382]

Thanks a lot for everything !

[@Boelaap]

Do you know Brave ? It's a browser that allows people who visit your site donate crypto. BAT in this case. Please have a look into this when you have the time. People don't have to make wallets of diverse crypto's. You can simply donate via the Brave browser.Hope this makes some sense. Thanks for your info !

[@NoNonsenseForex]

I learned about it a few months ago. Not sure how to best use it though. Any good link is appreciated.

[@Boelaap]

@@NoNonsenseForex BAT can be traded at Coinbase or Bittrex. They generate a walletadress for your coins in your account. The Brave browser is something I just started using as a regular surfer. Since I don't have a site I can't get rewards and tips in this manner. But brave.com should give more info for a site owner I think. I hope this will help somewhat in any way. I'm from The Netherands by the way, Marcel the name.

[@sebastianweber8024]

Once for pissing in a trash can aye? Legend 😂

[@franciscojunior6841]

I've checked your strategy....I was wondering if would work for IQ options???😶

[@NoNonsenseForex]

Dunno what that is. Whatever you try it on, test extensively first.

[@ivannahtrinidad2957]

Never have I ever pee'd in a trash can. Since VP did it, I gotta do it

[@humaidabdullah1634]

You are a true hero :)))

[@hundo2370]

Shout out VP 🙌🏽 first

[@check-yb2yx]

Ive been using it in a sense during this ranging market. It has served me well. In a trending market.. you'll obviously get your ass kicked. But, I think it can be done with shrewd study and with hedging. The Pound has been so cyclical of late it has its place there.

[@check-yb2yx]

But I should add. 15 years ago I came up with martingale on my own.. didn't know it had a name and proven false.. thought I was mr. clever. Sat down at a blackjack table. I'm not lying when I say I didn't even win one hand. I doubled down to the table max in like 7 hands. Ya .....

[@God__Is__True__4__Us]

Great!!!!!!!!!

[@angelus80ful]

thanks VP

[@bottle1211]

You peed into a trashcan at the Luxor?? hahaha

[@MisterShoeFace]

With all respect Patrick your definition of dollar cost averaging is incorrect here. You are describing something called "averaging down" which is a little bit different to dollar cost averaging. Dollar cost averaging means to regularly buy stocks over the years, putting usually the same amount of money in each time period, knowing that over the years the average cost will be smoothed. So if stocks are expensive in 2022 you just keep buying because in 2025 they are cheap- so the cost is averaged. Not the same as averaging down, which is what you described.

[@baccaratclub5754]

once i seen the title i knew it couldn't be good

[@leewilliams6058]

👍

[@johnathangrey3463]

FUCK YEAH VP. I KNEW IT, IT KNEW!!!! I KNEW YOU WOULD USE JAMES BOND AS A BADASS PLAYER. IN SOMEWAY SHAPE OR FORM. I JUST KNEW THAT JAMES BOND WAS THE FIT. HELL YEAH!!!!! BECAUSE I ONCE SAID "THIS GUY IS LIKE THE JAMES BOND FOR TRADER'S." IM GONNA SAY NOW YOUR GONNA USE USE A SMALL CLIP OF JAMES BOND SAYING "BOND, JAMES BOND." AT THE MONTE CARLO. LMFAO!!!🇺🇸🇬🇧

[@Polaris94952]

VP. You Should Write A BOOK.

[@keithsproson4328]

Took a leak in a bin , 😂😂😂😂😂😂😂😂😂 magic

[@tooperfecthairextensionslt2451]

And that April fool would have had me crying

[@johnathanbeicher536]

I’m gonna call the pissing in trash cans to get kicked out “The VPee” method

[@petereastman2663]

Edward Throp?

[@mrunicorn3889]

Legend!

[@ga4650]

Dude, you should've done that shit!!!!!!!!!!!! C'mon man!

[@Darthrtrader]

I got kicked out of a casino in vegas for heckling a musician in a hotel lobby. He sucked and I was drunk. Ah, the good ole days.