July 22, 2019

A probabilistic mind-set pertaining to trading consists of five fundamental truths.

A probabilistic mind-set pertaining to trading consists of five fundamental truths: 

1. Anything can happen.

2. You don’t need to know what is going to happen next in order to make money

3. There is a random distribution between wins and losses for any given set of variables that define an edge.

4. An edge is nothing more than an indication of a higher probability of one thing happening over another.

5. Every moment in the market is unique

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