i'm going to take a trade every 60 seconds

[cashmoney69]

If every trade is independant from the previous trade, then that means I should have a 50/50 chance of winning, sinse there are only two outcomes. I'm not going to short, just go long.

lets see how it works out come 8:30

 

[NY0BScalper]

Quote from cashmoney69:

If every trade is independant from the previous trade, then that means I should have a 50/50 chance of winning, sinse there are only two outcomes. I'm not going to short, just go long.

lets see how it works out come 8:30

Hit.

Take.

Hit.

Take

You can lose 95% like that, quite easily.

If you post, you won't be first in line and won't get a fool to hit/take you.

 

[flyingdutchmen]

Quote from cashmoney69:

If every trade is independant from the previous trade, then that means I should have a 50/50 chance of winning

still a litle wet behind your ears i guess

 

[bighog]

Be careful, it is Friday the 13th.

That idea of a trade every 60 seconds will warm the hearts of wannabe scalpers and Jackolopes alike.

Trading noise is a sure way to blow out. Better to work on your individual mistakes by thinking this way: When the obstacles you face which impede your trading results FALL, your profits will RISE.

 

[epiktetos]

Quote from cashmoney69:

If every trade is independant from the previous trade, then that means I should have a 50/50 chance of winning, sinse there are only two outcomes. I'm not going to short, just go long.

lets see how it works out come 8:30

What have you been doing for the last 3.5 years ?

 

[cashmoney69]

im just trading on demo and fuckin around, i wouldnt actually do this with real money

 

[epiktetos]

Quote from cashmoney69:

im just trading on demo and fuckin around, i wouldnt actually do this with real money

How can you conclude that every trade is independent of each other without testing your sample for dependency?

 

[Striker]

Quote from cashmoney69:

If every trade is independant from the previous trade, then that means I should have a 50/50 chance of winning, sinse there are only two outcomes. I'm not going to short, just go long.

lets see how it works out come 8:30

You missed a third one...it could remain flat, in which case you still paid the commission on your trade.

 

[illiquid]

Quote from cashmoney69:

If every trade is independant from the previous trade, then that means I should have a 50/50 chance of winning, sinse there are only two outcomes.

How long have you been trading now?? For crissakes open your eyes.

 

[Lucrum]

Quote from cashmoney69:

i'm going to take a trade every 60 seconds

I sure wish I was your broker.