Post
Topic
Board Trading Discussion
Re: Trading is based on probability.
by
pawanjain
on 04/07/2020, 06:06:22 UTC
A lot of people do not want agree that surviving in the market today requires every trader to come to terms that they are trading on probability and at every moment of the trade there are series of different possible outcomes.

As a trader, the best you can do is find the most likely scenario based on the data you have and understanding the risk involved too.
Choose the best probable outcomes that favors you to avoid stories as rekt.
A coin has two sides. When you flip it there is 50% probability for it to land on the side you were wishing for.
Similarly when you trade there is a certain % of probability that you will make profits.
It doesn't always have to go as you wanted. Things do turn up to go the other way around.

But there are many factors which we can analyse and make our prediction which will help us to get the near accurate prediction.
Though the rest is based on probability there are factors which can help us improve our probability of getting profits and that is what a real trader does.