Hi all,
I'm trading by a lots of years with good and bad period.
I would like to ask to all people with more experience than me a simple maths concept.
Assuming we have random entry(buy or sell) and we only would like to target the 0.3% of our balance each trade.
What is the probability to reach the target if we enter randomly? what is the formula to calculate the probability?
After somebody gently answer this question i will continue the thread and explain the focus of my idea.
I want try to trade with the same banks concept.
Thank you in advance
bye
I'm trading by a lots of years with good and bad period.
I would like to ask to all people with more experience than me a simple maths concept.
Assuming we have random entry(buy or sell) and we only would like to target the 0.3% of our balance each trade.
What is the probability to reach the target if we enter randomly? what is the formula to calculate the probability?
After somebody gently answer this question i will continue the thread and explain the focus of my idea.
I want try to trade with the same banks concept.
Thank you in advance
bye