Ponzi schemes, they just never go out of style, especially in developing countries. And let's not forget about PAMM accounts. A lot of those managers are just running a modern-day pyramid scheme with their Martingale strategies
With the proper approach, this strategy can produce results. But there is not always enough hardness in the balls to close the loss.
How often did you have to update the bot?
never. the dev disappeared
You're absolutely right! Martingale strategies are pretty popular among PAMM managers, especially the top-performing ones. But let's not forget that this is a high-risk game. While these strategies can generate impressive returns, they're highly susceptible to drawdowns. And it's not just the market that poses a threat; if investors start withdrawing funds, it could quickly lead to a margin call.
Yes, of course, investors withdrawing their funds is a significant threat to the account. Probably, the skill of the manager should act as some kind of guarantee in such a situation. But personally, I have lost quite a lot on such accounts.
There’s a simple strategy for any market instrument: follow the positions of big players. For example, in stocks, everyone looks at Buffett’s investments.
After I lost a serious amount of money for me, I decided to make my own decisions instead of looking for managers. Because I realized that they would not help me recover my lost funds. Relying only on myself turned out to be the right decision.
Good call, man. Trading your own system is the way to go. It's a classic approach. I started out reading "Reminiscences of a Stock Operator" and that book hammers home the importance of personal experience. But yeah, it can take a while. It took me a solid 10 years to build a strategy that worked.
I disagree , I had good experience with PAMM accounts in the past , you need to understand how the strategy works before allocating any capital
Hi , Where do you search for good PAMM accounts ads if I may ask?
Martingale is never a wise option BUT a fixed recovery formula is a better option and this is what I always use and recommend . Having a hard SL for the day is a must otherwise the result is a blown account
If you get how the strategy works, why even allocate capital? Just trade yourself, man.
