I think your experiment works. I was thinking the same thing about 2 weeks ago.
I just started day trading with a prop firm. 3 trainees and we were all losers at the end of the day gross for approximately the first 10 days, with average 80 trades.
I made a joke about doing the opposite of everything we've been doing. If we close our eyes and buy / sell the winning rate should be 50 / 50, but we all lost 10 days in a row straight. We are scalpers.
1. Our decisions are not 50/50, influenced by charts / S and P futures indicators, MA, RSI.
2. I speculate that I was usually late on the trends.
The many factors that cause a loser to lose makes the decisions not 50 / 50. Trading is a zero sum game, when I started thinking more along the opposite possibilities and moves, I definetly traded a lot better. i.e. short near highs (resistance) vs long at highs.
The only problem with your experiement is that your wife may one day learn a thing or two and no longer be a consistent loser.
- Document the trading strategy.
I just started day trading with a prop firm. 3 trainees and we were all losers at the end of the day gross for approximately the first 10 days, with average 80 trades.
I made a joke about doing the opposite of everything we've been doing. If we close our eyes and buy / sell the winning rate should be 50 / 50, but we all lost 10 days in a row straight. We are scalpers.
1. Our decisions are not 50/50, influenced by charts / S and P futures indicators, MA, RSI.
2. I speculate that I was usually late on the trends.
The many factors that cause a loser to lose makes the decisions not 50 / 50. Trading is a zero sum game, when I started thinking more along the opposite possibilities and moves, I definetly traded a lot better. i.e. short near highs (resistance) vs long at highs.
The only problem with your experiement is that your wife may one day learn a thing or two and no longer be a consistent loser.
- Document the trading strategy.
