A leading trader has made a shock discovery after
16 years of diligent work. The trader announced to the world this
evening that the Martingale system might not be good for your wealth.
Staff at Betfair Pro Trader can confirm that the term "Martingale" has never been used before on the trader's news blog. The research paper, entitled Loss recovery systems, yet to be published in Nature, gets off to a rambling start and loses the reader in the middle but finally hits the nail on the head when the last line states "Find an edge and don’t chase. Take your losses like a man!"
Why it has taken 16 years for the trader to discuss the mathematics of trading on such a deep level is not yet known. One theory is that the trader has started to read the research of others rather than isolating himself and thought it was time he pulled his finger out. If this is the case then the trader community welcomes this recluse into open discussion.
Other ground breaking research from the trader in question includes "How to cheat at cards" and "Moving a mouse across a table in three easy lessons". Surely the Nobel committee can no longer overlook such genius.
