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DAY 18 - THINKING IN PROBABILITIES

"When you really believe that trading is simply a probability game, concepts like right and wrong or win or lose no longer have the same significance"

Forex trading forums are common place where retail forex traders post their price chart with technical analysis and justification for their trades. Out of these trades some trades end up in profit and some in losses. When these traders experience a losing trade then they somewhat doubt their analysis and often post charts with a query "Why
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mcquak avatar
mcquak 18 aou

Agree. Having statistical edge is something we need to be successful in trading...

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Thinking in Probabilities - Posted on 18th April

Since the market is going to be quite until Tuesday and as such there is no point in staring at charts and looking for trading opportunities, I decided to do some reading and came across one of the points mentioned in my article posted a while back, so thought I would post it here for traders who haven't read it yet.
Thinking in Probabilities:
"When you really believe that trading is simply a probability game, concepts like right and wrong or win or lose no longer have the same significance"
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INFINITEisTHElimit avatar

good post :-)

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Trading Quotes - Thinking in Probabilities (#165)

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Traders' way of thinking in the week end...

My people... I don't know... that's the way of a thinking of a real trader thing during the week end...
I don't know how you think during the week end...
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sonjatrader avatar

I think is very real....haha:)

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