and labelled after the fact that carona virus was a black swan until it became white. "how much have they cost us, the evils that never happened" US PREZ Jefferson. to traders a hell of a lot
Problem with corona virus is some stupid expert labeled it as innocent until proven guilty. Meaning benign when we should have be precautionary by principle. It’s a black swan ex post but we knew it’s a multiplicative process. Hence bearing systemic risk. It’s stupid to say insurance is useless, costly, because nothing has happened yet. You better spend too much on insurance than to crash your car and kill the family in front of you while not being insured. False positives are costly but false negative are deadly.
No. Soccer has 3 outcomes. But you can create a contract with only two outcomes. IMO The diff with betting and trading is ... Continuous vs discret event. You can create betting contracts on financial instruments. Such as binary options. You can create it yourself buy putting a SL and a TP.
TA always works....for me it may not work for you because of what you want. I am happy with 2 ticks profit, if that, is all the market will offer me.
it was not some stupid expert it was the "stupid" market I am smarter than the market but I am always losing money. but I am smarter (sic!)