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| Discuss Make money with random entries (by coin flip) at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by uasish What is actually meant by a Random Entry in traders parlence. ... |
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#11
27th March 2008, 05:25 PM
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Re: Make money with random entries (by coin flip)
Originally Posted by uasish
What is actually meant by a Random Entry in traders parlence. ......................................... Statistics is the BACK BONE / SPINAL CORD on which the Brain resides. In our society we have a tendency to Refute it without relalizing that NO Planning / Descision can be undertaken without analyzing the past & present scientifically. --------------------------------------------- The most simple things work best in the markets, and you can't get much simpler than a random entry based on a coin-flip. But most people (may be including me in a drawdown period) would not even entertain the idea. 
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#12
27th March 2008, 08:12 PM
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Re: Make money with random entries (by coin flip)
A Coin Flip on any Parameter CAN EVER BE TREATED AS A SIMPLE ENTRY System.
It is not fair by uprooting only the Coin Flip part & refering it out of context , if you are doing so then you are trying to GENERALIZE the same like others.
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#14
27th March 2008, 08:21 PM
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Re: Make money with random entries (by coin flip)
Ashish has rightly mentioned ,when he refered that it will take LOTS of time to practically Toss a Coin & Tabulate its result,becoz when he mentioned he knew that any RANDOM Simmulation done in a Computer always has a chance of HUMAN Error ,becoz the Algorithm of RANDOM NO GENERATOR is made by a Human.
When i mentioned to Test a BILLION Time ,becoz to Minimise that ERROR part. Knowledge in parts is detremental to focus on Whole. Any MOVEMENT be it Price or any DATA has to has a Reference Point,then & only then can we say whether that is Up or Dn,the Minimum reference point is this tick vis a vis earlier tick. Why i always refer Saint's method,becoz it is Simple & the Reference point is Defined by him very simply. Last edited by uasish; 27th March 2008 at 08:26 PM.
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