What causes your losses

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stueytrader
Posts: 863
Joined: Tue Dec 15, 2015 6:47 pm

ticktake wrote:
Wed Jan 16, 2019 11:45 am
stueytrader wrote:
Wed Sep 26, 2018 11:27 pm
If you enter a market randomly, then your returns in terms of profit/loss are also going to be random.
Are they though?

I wonder if I dropped PW into 100 random open trades (1 at a time), would he be able to turn a profit?

In theory, around 50 trades should be be good, and 50 should be bad. I think (or even expect) he'd be able to cancel the bad trades straight away and let enough of the good ones ride to turn a profit overall.
It's an interesting question, I agree. However, the problem I see is that however experienced or skilled you are in trading, if you are entering entirely randomly then there's no information (slash edge) to make estimates about where the market is going/how hard it will swing etc etc?

Another way to phrase this is you are 'trading without a plan' when you enter the market. Usually a no-no in most advice.

Be interested to know what other skilled traders think though.
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