What causes your losses

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threedogs
Posts: 79
Joined: Mon Jan 20, 2014 10:24 am

Hahahahaha suggest you do some research on him .....
threedogs
Posts: 79
Joined: Mon Jan 20, 2014 10:24 am

Also you COMPLETELY missed the point which is it doesnt matter which way you trade back or lay its the way you manage the trade thats important and makes money ..I hope thats clear now
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to75ne
Posts: 2413
Joined: Wed Apr 22, 2009 5:37 pm

i agree (firmly believe) that how you manage your positions is paramount along with handling yourself (emotions), but the markets have evolved along way from when adam todd was promoting his software, i doubt if his "coin flipping method " would be successful these days, due to number of false moves that occur now, i reckon you would more often than not be cutting for a lose as opposed to more often than not cutting out on a gain.

i could be wrong maybe someone will try some aggressive coin tossing and report the outcome. i dont believe it would be effective these days over the long run.
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SeaHorseRacing
Posts: 2893
Joined: Fri May 20, 2016 7:06 pm

Just try not to lose money. Sound so simple. But it really is the key. Don’t get into stupid positions.

A stupid position could we be just 1 tick in in the red.

Defensive. Get to grips with that than move on from their.
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ruthlessimon
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Joined: Wed Mar 23, 2016 3:54 pm

threedogs wrote:
Fri Sep 14, 2018 1:09 pm
Also you COMPLETELY missed the point which is it doesnt matter which way you trade back or lay its the way you manage the trade thats important and makes money ..I hope thats clear now
Which in layman terms means, "have an edge".

Let's say I randomly enter, then I spot something occur in the market, & I cancel my trade. If that limits my negativity (longterm), I've found an edge.

Problem is most people who follow a coin-flipping strategy, are doing it because it looks so easy. & I have a big problem with that.
stueytrader
Posts: 863
Joined: Tue Dec 15, 2015 6:47 pm

Coin flipping/random entry point sounds easy on the entry point as an idea (of course!).

Difficulty of course is the exit point.
threedogs
Posts: 79
Joined: Mon Jan 20, 2014 10:24 am

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 ..
rayhigh
Posts: 14
Joined: Fri Jul 15, 2016 9:08 pm

Hi threedogs

Can you check your private messages?... I sent you one a few weeks ago but it's still sat in my Outbox, I think because you've not read it.

I'd be interested to get your thoughts.

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

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.
threedogs
Posts: 79
Joined: Mon Jan 20, 2014 10:24 am

If it makes money and its easy whats the problem ? ...
stueytrader
Posts: 863
Joined: Tue Dec 15, 2015 6:47 pm

threedogs wrote:
Thu Sep 27, 2018 11:55 am
If it makes money and its easy whats the problem ? ...
Not sure I believe it ever would personally, if you do believe that then fair enough. Not a strategy I personally believe will make profits long run.
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ticktake
Posts: 21
Joined: Fri Nov 23, 2018 3:04 pm

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.
Emmson
Posts: 3363
Joined: Mon Feb 29, 2016 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.
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.

viewtopic.php?f=2&t=196
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ticktake
Posts: 21
Joined: Fri Nov 23, 2018 3:04 pm

Thanks Emmson, will take a look at that thread
Emmson
Posts: 3363
Joined: Mon Feb 29, 2016 6:47 pm

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.
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