Quote from: perfect999 on July 14, 2020, 04:54:32 PM

Quote from: Lorokan on June 02, 2020, 09:07:38 PM

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.

Yeah that’s correct. But some people don’t know about this. Experts say that the probability of us making a successful trade in trading is between 40% to 60%. It all goes down to different timing, and the condition of the market when you’re trading.

As long as you utilize the opportunity you have with that 40% to 60%, you will make big profit. That’s why you shouldn’t all the time, you should be able to figure when it’s the right time to trade. There’s possibly two sides to every thing, and when you can tell the one that’s more likely to take place, then you will be making good profit most of the times.

There are people who are making decisions based on TA and charts which are removing the probability a bit, not totally because even with TA and charts you are basically still making an assumption but at least you are basing your assumption into something. There are also people like me who do not understand about TA and make long term investment and that is probability as well but it is long term so it should be fine, I doubt bitcoin will never reach the price that you bought from, even if it is $20k, I am sure it will eventually be there.

However the real guys who make it probability is the people who make day trading or trading suddenly because they saw something that they think will cause the price to go up, or maybe the price just went up a lot and they want to be part of it during the ride, those guys are the risky probability people for sure.