If you could go back in time to when you were a new trader
- Thread starter TheGreatGorilla
- Start date
There have been a few mentions of it in the past, one by a notorious poster who has since been banned. He claimed that all TA was worthless and that money mgmt was all it takes and kept using the idea of random entries and tight money mgmt as somehow being superior to traders who use TA. He's been a "trader" since ~1990 but, most likely, was breakeven at best.
Honestly I don't even know. I guess if one were to pull up a level 2 order entry box and just hit buy or sell (no charts, no knowledge of how price had been trading). Then, I suppose keep risk tight in case mkt went against or trail stop if mkt went in your favor.
Not really my cup of tea, but maybe someone will try it with 100 shares 100 times
Not really my cup of tea, but maybe someone will try it with 100 shares 100 times
Quote from MadeMan:
whats a random entry ?
throwing darts ?
flipping coins ?
educated guess ?
hardcore analyzed , throughly planned and executed ?
if computer says so ?
I don't see how he would get anywhere, you're probably right.
I don't think he ever traded this way, which is the ironic part. He would just tell others that their systems were essentially all about money mgmt and told us that if we traded entries random, we'd have the same results. He was insane, but he's no longer here 
Quote from R. Raskolnikov:
I don't think he ever traded this way, which is the ironic part. He would just tell others that their systems were essentially all about money mgmt and told us that if we traded entries random, we'd have the same results. He was insane, but he's no longer here
I love how you smiled after you said, "he's no longer here."
Lol
I've been looking back in this post, and there is actually some pretty solid advice in here, keep it coming guys.
Are you retired now?