moneymarketing wrote on 16
th May, 2016 at 7:53pm:
Yes, this time I'll do it.....I promise
I just keep getting stuck on that let it ride button.
I think I'm a problem PTCer
Is there a local chapter of PTCers anonymous around here?
This reminds me of a "Beat the bomb" game I once played on a radio station.. lol
There was a recorded voice that was counting money at a stepping of 10€.. so it went like this:
10 Euro.. 20 Euro.. 30 Euro.. etc
However there was a bomb set to explode at a variable time that was different each time the game was played, so you had to shout stop before it explodes without of course knowing when it would be set..
If you stopped it on time you would earned that amount of euros if not you wouldn't earn anything..
I had been monitoring others playing it for some time and my statistics indicated that usually the bomb exploded somewhere between 100€ to 150€, so I decided to play it and stop right at 90€. I sat by the phone and made it to be the first one to call one day and according to my plan I stopped it at 90€ and won that amount.. lol
That competition got me my first portable CD/MP3 player when I was 16.. lol
It turned out that my bomb was set to explode at 240€ if I remember correctly, but I don't regret having stopped at 90€ because I could have ended with nothing instead of that amount.
Now here's why I brought this up..
Well, a bunch of times these programs feel a lot like that "Beat the bomb" game and all we need to do in order to stay on the safe side is measure them beforehand and based on our stats set a plan with a somewhat safe exit line, and if we make it out safely then we can always plan further.
If the timing of our plan is correctly set then we can statistically be winners most of the times..