The Randomness Principle, Tight Stops, and E-Mini Trading Failure


If ever there was a topic that will send experienced traders to arguing it is how to measure and account for randomness and setting stop loss/profit target levels. I also couldn’t talk about randomness without recommending reading Dr. Burton Malkiel’s «A Random Walk Down Wall Street.» Dr. Malkeil emphatically argues that past movement cannot be used to predict future price movement. Needless to say, you will not find this tome in most technical traders libraries.

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