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Mr Chrisen


maringachrisen

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8 minutes ago, dmedin said:

Flip a coin - heads long, tails short.  Hope this helps!

and this system will work perfectly fine so long as losing trades are closed early and winning trades are let to run so that the average win of the winning trades is greater than the average loss of the losing trades, a 50% win rate (coin flip) only needs a risk (loss) to reward (win) ratio of 1:1.5 to be profitable, see graph below;

  image.png.cd62ce5fb7d89f9c995426ab27cb17e3.png

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7 minutes ago, Caseynotes said:

no, haven't read that one though have heard of it, is it recommended?

Well I only just got it myself, had a quick flick through the section on TA and he isn't a fan.  Will need to see what the rest of the book contains, and what he recommends instead :D

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Just making a start on Burton Malkiel's 'A random walk down Wall Street'.  Found a nice quite already: 'Financial analysts in pin-striped suits do not like being compared to bare-assed apes.'

But presumably Burton is getting paid to provide financial advice himself?

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