Coin flipping/random entry point sounds easy on the entry point as an idea (of course!).
Difficulty of course is the exit point.
What causes your losses
Adam Todd does a video about "advanced coin flip strategy" and of course the title is just a joke but what he does is trade with just a random bet either back or lay and shows how to make profit and lose nothing or near to nothing by the trading style he uses and on a serious not he states that you do not have to know anything about horses jockeys trainers tracks weather form etx etc etc ..all you need to know is how to trade a market from wherever you enter it and thats enough to make money ..fascinating ...simple enter take a tick or two and out rinse and repeat very easy ..if it starts to go against you scratch fast ,,so easy its what I do ..
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If you enter a market randomly, then your returns in terms of profit/loss are also going to be random.
Caveat, that you enter a market entirely randomly - even a small reason for entering is not random of course.
Caveat, that you enter a market entirely randomly - even a small reason for entering is not random of course.
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Are they though?stueytrader wrote: ↑Wed Sep 26, 2018 11:27 pmIf you enter a market randomly, then your returns in terms of profit/loss are also going to be random.
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.
Peter already has traded at random, or one of his team. I found it fascinating when I stumbled upon it which is why I remember it.ticktake wrote: ↑Wed Jan 16, 2019 11:45 amAre they though?stueytrader wrote: ↑Wed Sep 26, 2018 11:27 pmIf you enter a market randomly, then your returns in terms of profit/loss are also going to be random.
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.
viewtopic.php?f=2&t=196
Here is an overlap thread.
viewtopic.php?f=2&t=159&p=1029&hilit=tr ... ndom#p1029
A few years ago I attempted and nearly succeeded on reading every thread on here so I know where the juicy ones are.
viewtopic.php?f=2&t=159&p=1029&hilit=tr ... ndom#p1029
A few years ago I attempted and nearly succeeded on reading every thread on here so I know where the juicy ones are.
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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?ticktake wrote: ↑Wed Jan 16, 2019 11:45 amAre they though?stueytrader wrote: ↑Wed Sep 26, 2018 11:27 pmIf you enter a market randomly, then your returns in terms of profit/loss are also going to be random.
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.
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.