pseudo straddle
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For anyone who wants to feel better about themselves, I took a full bath these last two days and it's hurting. I've been trading this since April and am convinced it wins over the long run, but it's still tough to handle 2 straight losses.
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Why - it's still only 4% of your bank. Backers of even money shots should expect longer losing runs than 2 on a regular basis.
Overall, I'm 25% up on my trading balance, so not too shabby, but keen to improve the success of the system.
Walk into your local High Street bank and ask them to pay you 75% a year on your current account.