The Truths Of Trading Flashcards
1
Q
5 Truths of trading
A
1: ANYTHING CAN HAPPEN
2: YOU DONT NEED TO KNOW WHAT HAPPENS NEXT IN ORDER TO MAKE MONEY
3: PROBABILITY
A random distribution between wins and losses
B trading is a probabilities game
C how much is it going to cost you to find out
4 your Edge and edge is nothing more than an indication of a higher probability of one thing happening over another
5 unique every moment in the market is unique
You cannot know what happens next
