I've done that and whilst it's possible you need very deep pockets!!!
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I see that fund managers need to apply this strategy (buy into downtrends and sell into uptrends) given that they otherwise wouldn't had a chance to move the volumes they want to move. Judging from your posts it sounds you are typically owning quite large parcels. Maybe your situation is already closer to the situation of a fund manager than to an average retail shareholder?
Just being curious - are you doing the numbers (measuring the average return on your equity) and how does this relate to the usual benchmarks (like NZX50 or some of the larger funds)? There is a reason funds have typically smaller returns than (successful) retail shareholders ...
I'm certainly not advocating that as an actual gambling strategy. In theory, though, it does not seem to matter to me what the table/house limits are, you would just go to a different table/house. The "strategy" does not rely on "the odds not resetting" (Sulphuric Acid) but just on the fact that, given any odds, ultimately you will win - even if it takes forever and infinite money (Couta's strategy).
I think this system was perfected by the late Kerry Packer.Most people got nervous when he started betting $2mil or $4mil double or quits.
ps.He met a big loud mouth in a Vegas Casino.Packer asked the guy what he was worth.$100mil the guy said,to which Packer famously replied,"I will toss you for it.".....
Mmmm so all these winning punters st casinos ..... Sky posted a few losses over the years ???