I flipped a coin 110 times. Easiest profitable strategy.
I tested whether you could be profitable by flipping a coin 110 times to show the power of risk management.
This is Bitcoin 1hr chart from the beginning of 2021 to now.
Rules:
1. Bollinger Bands are squeezed tight.
2. If coin lands on Heads, go long. If coin lands on Tails, go short.
3. 1:2 RRR
Results:
Wins = 51
Win Percent = 315%
Losses = 59
loss Percent = 190.6%
Net Profit = 124.4%
You can make money by flipping a coin.
In fact, a 46% win rate is very good with 1:2 RRR.
You don't need to be a genius or even have any strategy at all to make money trading.
All you need to have is the discipline not to mess with your trades after placing them.
Don't exit trades early, let them play through and trust in the probabilities and RRR.
Should you trade by flipping a coin? NO.
Should you have a good risk reward ratio and not mess with your trades? YES.
This is Bitcoin 1hr chart from the beginning of 2021 to now.
Rules:
1. Bollinger Bands are squeezed tight.
2. If coin lands on Heads, go long. If coin lands on Tails, go short.
3. 1:2 RRR
Results:
Wins = 51
Win Percent = 315%
Losses = 59
loss Percent = 190.6%
Net Profit = 124.4%
You can make money by flipping a coin.
In fact, a 46% win rate is very good with 1:2 RRR.
You don't need to be a genius or even have any strategy at all to make money trading.
All you need to have is the discipline not to mess with your trades after placing them.
Don't exit trades early, let them play through and trust in the probabilities and RRR.
Should you trade by flipping a coin? NO.
Should you have a good risk reward ratio and not mess with your trades? YES.