Systems, systems, there were never ...

The sport of kings.
Post Reply
Anna List
Posts: 157
Joined: Wed Mar 01, 2017 11:49 am

A few moons ago, I came up with an idea for a system. Its nature was such that I needed to post the selections on a forum in order to test it. I would rather not explain why.

I joined a forum and began posting. It's a great pity that I didn't post on this forum but sadly I was unaware of it.

I was taken aback by the reception that I received from the forum members. I didn't need to be welcomed with open arms but I didn't expect the open hostility either. Tien.

As far as I was able to determine, many of the forum members were of the opinion that systems didn't work - mainly because they 'knew people' who had lost money using systems.

I'd be interested to hear what the members of this forum think about systems. Are you of a similar opinion to the members of "the other forum" in that systems don't work or do you feel that there are systems that can deliver a long-term profit.
Last edited by Anna List on Wed Mar 08, 2017 4:30 pm, edited 1 time in total.
User avatar
Dallas
Posts: 23563
Joined: Sun Aug 09, 2015 10:57 pm

Depends what you mean by system, something that uses a loss recovery system for example definetly wont work - not a single loss recovery has ever been proven to work, some fail more spectacularly than others.
Anna List
Posts: 157
Joined: Wed Mar 01, 2017 11:49 am

Dallas

Thank you for your reply. We didn't get as far as discussing staking plans. As far as I was able to determine, they didn't believe that systems worked, irrespective of the staking plan used.

My definition of a system is a set of rules that are used to identify a selection against which a bet will be placed.
User avatar
Dallas
Posts: 23563
Joined: Sun Aug 09, 2015 10:57 pm

Anna List wrote:
Wed Mar 08, 2017 2:06 pm
My definition of a system is a set of rules that are used to identify a selection against which a bet will be placed.
On that basis yes many people have devised and built their own profitable systems thats generally how automation works, I've not seen a 'off the shelf' one being sold that works (which does nt involve the user picking their own selections) but thats just common sense - who would sell a profitable system were you clicked 'go' and money just rolled in.
User avatar
Euler
Posts: 26455
Joined: Wed Nov 10, 2010 1:39 pm

I tend to not call anything I do a system, as it has that connotation of being a loss chasing type thing or some whacky idea. 'Process' may be a better way to describe something.
User avatar
LeTiss
Posts: 5489
Joined: Fri May 08, 2009 6:04 pm

One of the things I learned early doors, is any approach to trading that involves chasing losers, will send you to the poor house

I assume your system is based upon recouping losses?
Anna List
Posts: 157
Joined: Wed Mar 01, 2017 11:49 am

LeTiss wrote:
Wed Mar 08, 2017 2:57 pm
One of the things I learned early doors, is any approach to trading that involves chasing losers, will send you to the poor house

I assume your system is based upon recouping losses?
No, the system does not recover its losses. Loss-recovery is sheer madness.
Anna List
Posts: 157
Joined: Wed Mar 01, 2017 11:49 am

Dallas, Euler and LeTiss

My thanks for your responses.

I now begin to understand.

On the other forum, I mentioned my system - though not the rules nor the staking plan, because, at that stage, I didn't actually have one. All I posted were the first few selections.

It sounds like the members of the other forum assumed that my system used a loss-recovery staking plan.

On this basis, I guess that they had every right to claim that my system didn't work.

I had no idea that people assumed so much about my system.

One lives and learns.
Last edited by Anna List on Wed Mar 08, 2017 6:53 pm, edited 2 times in total.
User avatar
LeTiss
Posts: 5489
Joined: Fri May 08, 2009 6:04 pm

I've been here a few years, Anna

I have lost count of the number of new posters who have an interest in recovering losses through Martingale or other systems. Needless to say, they all disappeared as quickly as they arrive. Hence why I was so sceptical initially from your post

I have also lost count of the number of people who want you to provide them with a winning system, with no appreciation of the work you've put in to discover that edge

My advice to you is to try your system with minimal stakes. If it fails, then you will know for yourself, and you have no need to even ask others for advice. If your system works, then keep it to yourself - you deserve it
Anna List
Posts: 157
Joined: Wed Mar 01, 2017 11:49 am

LeTiss wrote:
Wed Mar 08, 2017 3:34 pm
I've been here a few years, Anna

I have lost count of the number of new posters who have an interest in recovering losses through Martingale or other systems. Needless to say, they all disappeared as quickly as they arrive. Hence why I was so sceptical initially from your post

I have also lost count of the number of people who want you to provide them with a winning system, with no appreciation of the work you've put in to discover that edge

My advice to you is to try your system with minimal stakes. If it fails, then you will know for yourself, and you have no need to even ask others for advice. If your system works, then keep it to yourself - you deserve it
LeTiss

Loss-recovery is for those who believe in rocking-horse droppings and fairies at the bottom of the garden.

I am not here to sell/buy systems. Should I do this, then I give permission to ban me for life from this forum. I realise that you don't need my permission but I give it anyway.

As I say, I was shocked when the previous forum became antagonistic and claimed that all systems were loss-making (regardless of staking plan). I just wanted the take from you guys.
Last edited by Anna List on Wed Mar 08, 2017 6:54 pm, edited 1 time in total.
LinusP
Posts: 1918
Joined: Mon Jul 02, 2012 10:45 pm

Is this about the system or the psychology of you telling us you have a system?
Anna List
Posts: 157
Joined: Wed Mar 01, 2017 11:49 am

LinusP wrote:
Wed Mar 08, 2017 6:50 pm
Is this about the system or the psychology of you telling us you have a system?

LinusP

Ooo, good question and well phrased.

Whether I have a system or not isn't actually relevant.

Whether or not I tell you guys that I have a system is also irrelevant.

The only reason I mentioned the system and the previous forum was by way of an introduction that explains the reason for my question.

This is the first successful? system that I've ever developed, so, understandably, I'm a bit cautious but, I'm cautious by nature anyway.

Following a fair degree of back and forward testing, I decided to test the system out on a forum. This meant that there was no fooling myself. The results would be there for all to see - including me. Assuming this was a success, I would then go live.

I half expected someone on the other forum to find an error that I'd missed. I also expected the odd person to wish me luck. What I'd not expected was to be told that no system could bring long-term success. That threw me. I wasn't ready for that.

I've read about systems working fine in testing and then going down the pan once they go live. I'm told that happens a lot.

I'm told that historical success is no guarantee of future success.

I guess my question is this: Is there something intrinsically wrong with systems which causes them to lose long term?
User avatar
Naffman
Posts: 5924
Joined: Sun Aug 11, 2013 5:46 am

Forgive me if I'm wrong but I can't remember anyone saying your system would crash and burn!

Don't really know why you want to be wished well by forumites when you could just get on with it though :lol:
Anna List
Posts: 157
Joined: Wed Mar 01, 2017 11:49 am

Naffman wrote:
Wed Mar 08, 2017 7:36 pm
Forgive me if I'm wrong but I can't remember anyone saying your system would crash and burn!

Don't really know why you want to be wished well by forumites when you could just get on with it though :lol:
Naffman

No one on this forum has said that my system will crash and burn. I haven't said that. What I said was that people do say that systems often crash and burn shortly after they go live. I'm told it's common - but NOT by people on this forum.

I didn't want/need anyone to wish me well - but, I thought that the odd person may do that. I've seen it happen on the odd forum. What I didn't expect was for people on the other forum to tell me that no system could deliver a long-term profit. I've never heard anyone say this before. It was a new one on me.

If it's true, I've wasted a lot of time and energy. If I ignore the comments and go live anyway, I'll lose money.

If it's false, then, my system stands a good chance, I reckon, of making some money providing I go live. If I don't, I lose out on a wedge.

The issue is this I suppose: If the system goes into a nose dive, is it because it is just going through a bad time, as I'm told systems occasionally do, or, is it curtains for the system and large losses for me.

All I'm asking is: Is it possible for a system to win long-term or is there an intrinsic problem with systems that prevent this from happening?
Last edited by Anna List on Wed Mar 08, 2017 8:07 pm, edited 1 time in total.
User avatar
Naffman
Posts: 5924
Joined: Sun Aug 11, 2013 5:46 am

As everyone else says maybe they got mixed up with a loss chasing system instead of a form/statistical based system you appear to be working on.

I wish you luck.
Post Reply

Return to “Trading Horse racing”