Disliked{quote} Perhaps I had to say it differently. If you place trades in a random way and without any structure/framework the expectancy per trade is always negative. It doesn't matter where you place the stop and where the target. It also doesn't matter if cut your losses or if let the "winner" run. The result is always negative. And the expectancy per trade doesn't change. However, if you find some specific (proven) pattern where you can extract consistent result, then the story is completely different. Of course you can have positive result with equidistant...Ignored
Agreed! You can't just shoot from the hip and expect to come out on top.
I have seen studies that claim coin-toss random entry methods can be net profitable if you cut losers on a fixed stop and trail profits, but I've never been able to replicate this in testing. If it does work it works by having a low success rate, very deep and long lasting drawdowns with lots of losers and the odd huge winner that pays for it all. Not sure many people have the emotional strength and discipline to trade that with real money, I certainly don't!