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#76
AsymBacGuy / Re: Why bac could be beatable itlr
September 01, 2022, 12:03:14 AM
If possible, can you explain why you were banned.........because of baccarat or other situations?
#77
There is another definition for drawdown mainly used by futures and stock traders....and that is how much of a decline in profits comes after a new bankroll ( trading capital ) high is reached.  You can also use this definition for any kind of gambling results.

For example, you have the following winning shoes:

+  $ 100
+  $ 200
+  $ 400

so now you have a new bankroll high of $ 700

Now the next 2 shoes are
- $50
-$100

So now your bankroll is $ 550 and you are in a  drawdown of $ -$150

Then the next 3 shoes are :

+ 200
+ $50
+ $100

So now your bankroll is $ 900  which is greater than your last bankroll high of $ 700 .......and a new drawdown will start when your losses will go below the $ 900 bankroll.

Now the next 2 shoes are

$ -50
$ -100

So now you are in a -$ 150 drawdown from the  previous bankroll high of $ 900 and you will be in a drawdown until you exceed the last bankroll high of $ $ 900 ....... and so on and so on.

Of course you will need all your shoe results recorded on a spreadsheet to calculate the drawdown along with numerous other important statistics.





.




#79
General Discussion / Re: crypto
August 03, 2022, 11:21:03 PM
#80
General Discussion / Re: crypto
August 02, 2022, 11:18:57 PM
More crypto nightmare stories:

https://www.cnbc.com/2022/08/02/hackers-drain-nearly-200-million-from-crypto-startup-nomad.html

Here are some really sad stories about investing in crypto.......especially the guy who put his entire life savings into crypto......never put your entire lifesavings in anything.....only put 1% of your life savings into something as unpredictable as crypto.

https://www.cnbc.com/2022/08/02/celsius-investors-owed-4point7-billion-beg-judge-to-recover-life-savings.html
#82
General Discussion / Re: crypto
July 13, 2022, 12:27:48 PM
#83
General Discussion / Re: crypto
July 10, 2022, 05:18:53 PM
#84
Be careful with whom you do business with in the crypto market...there are crooks everywhere.


https://www.yahoo.com/finance/news/cftc-just-charged-bitcoin-firm-143120308.html

#86
Another crypto article.......if you think you had a bad losing day in a casino or stock market, this guy saw his net worth decrease by about $ 80 billion dollars.


https://trueviralnews.com/116385-can-crypto-s-richest-man-stand-the-cold.html
#89

Another crypto article.......I'm just trying to keep you up to date on the latest crypto news.

https://finance.yahoo.com/news/another-crypto-lending-platform-freezing-145610274.html