DislikedCan we please stop with this coin toss distraction. It is not relevant to the thread IMHO and only adds noise. The sorts of statistics you are talking about are gambling and not trading statistics anyways. I can say with 100% certainty that you have not stumbled on some holy grail loophole in trading that allows you to just take random trades and succeed when half the statisicians on the planet are constantly looking for some edge.Ignored
Here's a tip for the newbies who are learning to trade.
Ignore all that hype for various systems. Remember--for now--this one fundamental rule: The exit is more important than the entry.
With that in mind, I want you to do the following on a demo account:
1) Toss a coin: Heads long, Tails short
2) Manage the trade as you see fit. If you think the trade is bad, exit.
3) When you exit a trade, go back to step 1.
If you can double your account in less than 50 flips, I consider you a good enough trader to go live. I personally average between 20 and 30 flips, and I do it once a week, on the weekends, trading simulated data.