by Justin Paolini
Many
aspiring traders focus on setups and entries. I would say 90% of their time is
actually dedicated to perfecting entries. That is one way to miss the forest
for the trees. Back in the 1990’s, Tom
Basso and Van Tharp had already issued a study on the relative unimportance of
entries for producing good trading results. In particular, their "Coin Flip"
study showed that across 10 futures markets, a simple random entry with a
trailing stop made money.
