The Great Coin Toss Experiment II Message Board

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Strategies & Market Trends : The Great Coin Toss Experiment II

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To: Steve Felix who wrote (171)	5/31/2003 1:48:20 PM
From: Jorj X Mckie	Read Replies (1) of 188

you are taking the coin toss experiment far more seriously than I. The fact is that getting the daily market direction right a majority of the time is no indication that one can make money. And that is for a variety of reasons. Examples, of conditions that can negate profitable trading, even when right a majority of the time: -Magnitude of moves will likely be disproportionate -Intraday volatility can whipsaw traders If you have followed my posts for any period of time, you will have noticed that I often try to get empirical verification for assertions made here on SI. One example is that there is a correlation between moon phases and market turns. I have posted a chart numerous times that shows the moon phases (new and full). I have been challenged a few times as if I believe one way or another that there is a correlation...the fact is, I haven't reached a conclusion yet, but at this point, have found no statistical reason to trade based on moon phases. <Dude, why do you want to own the market? I play the indices with options on a pretty regular basis. So general market direction is pretty important to me. Congratulations on your 500% gains on LH

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