As traders, we spend a lot of time thinking about our entries into a trade. What stock, commodity or currency to choose, when is the best timing, etc. But what if the entries don’t matter? What if trading is all about the exits?
Ok, that’s a really simple-minded statement, but I’m a little simple-minded, so stick with me and let’s see where this goes. I wanted to see what it would look like to pick stocks randomly, and exit with a trailing stop.