EASY-MONEY by cointoss

This is a discussion on EASY-MONEY by cointoss within the Trading Journals forums, part of the Reception category; I honestly don't understand why people want to flip a coin when all you have to do is wait for ...

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Old Jul 21, 2012, 5:33pm   #31
x4x
Joined Sep 2008
Re: EASY-MONEY by cointoss

I honestly don't understand why people want to flip a coin when all you have to do is wait for the market to show a direction, then follow it.
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Old Jul 21, 2012, 5:41pm   #32
Joined Jun 2012
Re: EASY-MONEY by cointoss

Quote:
Originally Posted by x4x View Post
I honestly don't understand why people want to flip a coin when all you have to do is wait for the market to show a direction, then follow it.
gambling aka poor money management and risk management
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Old Jul 21, 2012, 6:39pm   #33
 
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Re: EASY-MONEY by cointoss

Quote:
Originally Posted by x4x View Post
I honestly don't understand why people want to flip a coin when all you have to do is wait for the market to show a direction, then follow it.
1 minute chart

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Old Jul 23, 2012, 1:24pm   #34
Joined Jul 2012
Re: EASY-MONEY by cointoss

cointoss started this thread wow.. i didnt expect people will discuss about this.

anyway..

update for you all. 0.01 lot was hit with stop loss.

now i flipped the coin and it shows me to buy again. ive entered 0.02 now
btw, changed the demo account because i opened the standard instead mini. refer 1st post for latest read-only password. cheers everyone


new read-only password here :

login : 10258344
password : sy8l6ud (read-only password)

Last edited by cointoss; Jul 23, 2012 at 1:26pm. Reason: crap i cant edit the 1st post anymore
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Old Jul 24, 2012, 4:12am   #35
Joined Jul 2012
Re: EASY-MONEY by cointoss

cointoss started this thread 0.02 hit with stop loss again,

now entered 0.04 buy position again
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Old Jul 24, 2012, 10:47am   #36
D70
Joined Nov 2009
Re: EASY-MONEY by cointoss

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Originally Posted by x4x View Post
OF course, the spread is a cost and will always be there no matter what strategy or what method you use - most liquid markets are only one spread, but whatever it is, it should easily be absorbed anyway.

It will happen, but not often that the market moves in your favour by exactly 11 points, or exactly 9 points against you, but I would guess that at least 95% of my winning trades runs on from where I close and run on from where I'm stopped by at least 2 points, if not a lot more.

A coin toss entry is a ridiculous idea any way - if the market in question is going in a clear identifiable direction, why toss a coin. It seems a lazy gamblers sort of strategy to me.
I can only assume that you are a billionaire.
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Old Jul 24, 2012, 10:52am   #37
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Re: EASY-MONEY by cointoss

This thread is a source of considerable amusement to me...
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Old Jul 24, 2012, 11:22am   #38
 
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Re: EASY-MONEY by cointoss

Can't wait for....

327.68 hit with stop loss again,

now entered 655.36 buy position again
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Old Jul 24, 2012, 11:41am   #39
x4x
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Re: EASY-MONEY by cointoss

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I can only assume that you are a billionaire.
I assume you find it difficult to identify a clear direction - I would advise opening your eyes.
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Thanks! The following members like this post: D70
Old Jul 25, 2012, 2:58am   #40
Joined Jul 2012
Re: EASY-MONEY by cointoss

cointoss started this thread update,

yesterday position is hit with stoploss. flipped coin and it still shows me to buy. entered 0.08 buy
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