Trading with no knowledge just plain money management?

Hello,

I am wondering what your thoughts are about trading with a flip of a coin instead of making informed decisions and just doing strict money management?

Is there a chance making profits this way in the long run?

Consider that trades will only be in NIFTY options and nothing else.

I hope to get some good imput on this.

Thanks

Gambling ends up in blowout in the long-run (in 90% much faster, because of very high leverage You can still try popular Martingale trading which is a form of gambling but can be profitable in its exotic versions.
Retail scalping could be also considered a feckless undertaking as making consistent solid forecast on sophisticated market movement is plainly unfeasible. But using money management you can turn odds in your favor as there are some market patterns which could be a good predictive tool for many traders (like breakouts).

ya go ahead:thumb::thumb::thumb::thumbeople like you play very imp role in market:clapping:

providing money:thumb:

I got some monkey business for you..

http://priceonomics.com/how-well-do-blindfolded-monkeys-play-the-stock/

https://www.youtube.com/watch?v=Z3oLXTNTXuM

What percentage of your trades are winning trades if you guys wouldn't mind sharing?

My own record has been less then 45%

You also need a good trading system. Most preferably you can try the stochastic system. Most times when I use overbought and oversold conditions in the stochastic oscillator.

basically you enter trade with a flip of a coin and your exits are predetermined.
E.g. to enter a long ATM call in nifty or not.
you flip coin...yes wins
you buy that ATM call
your predetermined exit is:
exit if its value is reduced to half, or value doubled.
.
possible questions:
What really is long run
what questions coin flip in answering like
yes or no
this one or that one
what is money management / trade size
what is trade management i.e. exits and entries
.
further,
a very good exit may give you positive expectancy, but that PE should be big enough to cover trading costs atleast apart from other trading related expenses so that you end up in "net profit"