Doog, let me ask you a question just made to you on the chat and that peaked my interest:
I wonder that too. Normally casinos use their own money to fund their roll, and thus they protect it. In this case, your profit is in the commissions and you are actually totally divested. If that's your business model, I'm fine with it. I would just like to know if:
a) are you acting like the money in the bankroll was yours? Not 100%, but at least 50% - I make this differentiation because the "dilution" part is one of the things that is killing investors with losses.
if not:
b) what would you do if a big part of the casino's roll was yours?
No FUD intended, and no harsh feeling from me, but for me the fact you are 100% divested is very telling, and I'm very interested on your reasoned answers on the above.
Thank you for addressing our concerns, as always...
Quote
are you acting like the funds on the bankroll were 100% yours, or not?
I wonder that too. Normally casinos use their own money to fund their roll, and thus they protect it. In this case, your profit is in the commissions and you are actually totally divested. If that's your business model, I'm fine with it. I would just like to know if:
a) are you acting like the money in the bankroll was yours? Not 100%, but at least 50% - I make this differentiation because the "dilution" part is one of the things that is killing investors with losses.
if not:
b) what would you do if a big part of the casino's roll was yours?
No FUD intended, and no harsh feeling from me, but for me the fact you are 100% divested is very telling, and I'm very interested on your reasoned answers on the above.
Thank you for addressing our concerns, as always...
I think you are over invested Rampion. You had more trust in it a few weeks ago but now you want to change things and question Doog his care.
Are you prepared for a -80% drawdown from here?
If not, why not?
You are right, I'm clearly overinvested. I trust dooglus, I trust math, and while I think 1% is very small, its clear that all this concern started to grow in me when I invested 4x the amount of coins I had before we went to 1/4 Kelly. After that, I went berserk and invested exactly 15x my initial investment. Too many coins to think clearly. The fact remains that the only rational thing to maximize long term profits is too go full kelly, while realizing this is a risky high variance/high potential profits investment - and thus investing just what you can comfortably afford to lose for good.
I will man up, take the 20% loss I had in the last days and divest at least 50% of my funds, so I can comfortably ride the waves without whining like a little bitch
