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Strategies & Market Trends : The Great Coin Toss Experiment II
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To: Sojourner Smith who wrote (65)3/7/2003 1:45:08 AM
From: Sojourner Smith  Read Replies (2) of 188
 
Not sure I have proved in conclusively but it appears tossing a coin will lose money.
Doing the same thing each day, will also probably lose money
even with trending stock. I haven't proved it fully, but I tested it on 3 years various stocks. (this is daytrading.)

So the only choices are: buy and hold (not too appealing) and trying to put the odds in one favor by identifying trends within trends. Which of course is what every TA
person tries to do.
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