What Are The Odds Of Scoring A Winning Trade?

Discussion in 'Trading' started by Stocktracker, Jun 25, 2017.

  1. Turveyd

    Turveyd

    On the basis I've been able to role, 17 and upto 22 profits in a row a few times, then it's not luck ( Luck doesn't exist, random chance does ), but the odds on profiting 22 times in a row if luck and 50/50 are astronomical unless your making millions of trades ofcourse, which I'm not.

    My losers in a row isn't that bad, likely 8 in a row, odds are only 256:1 where as 17 is 128,000:1.

    It's all skill, if you profit its on you, if you lose your doing something wrong, as simple as that, never ever cop out on it's luck or lack of.*

    * not individual trades, but over all ofcourse, 1 trade is meaningless.
     
    #31     Jun 26, 2017
  2. ironchef

    ironchef

    Points well taken.

    Thank you for your coaching.

    Best regards,
     
    #32     Jun 26, 2017
    murray t turtle likes this.
  3. ironchef

    ironchef

    Perhaps it is survivor bias. :D

    Just kidding. I read and followed your posts and know you are a pro and not a random mom and pop retail like me.

    Best to you.
     
    #33     Jun 26, 2017
  4. Turveyd

    Turveyd

    Defo no Pro, I might pay for the odd Pro but that's an entirely different thing. :)
     
    #34     Jun 27, 2017
  5. Event driven is a money print.
     
    #35     Jun 27, 2017