In trading, the Martingale system or strategy involves opening a doubled-up position in the same direction, if💰 you sustain a loss in your previous position until you gain profit. In case of a successful trade, you open💰 a new position at the minimal (initial) volume again.
Examples of the Martingale💰 Strategy in Action\n\n Each time you are successful, you continue to bet the sameR$1 until you lose. The next flip💰 is a loser, and you bring your account equity back toR$10. On the following bet, you wagerR$2 to recoup your💰 previous loss and bring your net profit fromR$0 toR$2.
It is important to keep an accurate diary or similar record of your gambling winnings and losses.🌟 To deduct your losses, you must be able to provide receipts, tickets, statements or other records that show the amount🌟 of both your winnings and losses.
Gambling losses are indeed tax deductible, but only to the extent of your winnings and requires you🌟 to report all the money you win as taxable income on your return. The deduction is only available if you🌟 itemize your deductions.
