Well, in poker, the odds can be quantified because there are a set number of cards in a deck.... and counting cards makes it easy to quickly calculate a probability in one's mind based on what's left in the deck.
Unfortunately there is very little that can be counted to make decisions in trading.
I'm not saying people aren't profitable, but the information used to trade successfully is like finding a needle in a haystack.
Unfortunately there is very little that can be counted to make decisions in trading.
I'm not saying people aren't profitable, but the information used to trade successfully is like finding a needle in a haystack.
Dislikedjust work out what the expactancy is. Also, focus on the process rather than outcome. the numbers will work for you in the long run.
this is how poker players keep their money and make more and the same thing great traders will tell you. just watch broke: the new american dream. the traders in there who have made millions will tell you that and so will great poker players who have made millions. makes all the sense to me. no need to overcomplicate this and try to say, "naw that doesnt work blah blah blah" maybe when you get to be a millionare...Ignored