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Alias Born | 02/15/2012 |
Wednesday, February 22, 2017 12:57:16 AM
I'm not smart or confident enormous go this alone. I don't do bust or no bust. I do odds...and odds change.
Risk? Honestly I don't know how anybody calculates (lives with it, accept it, diversify it....bla bla) risk.
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True story: it was live, the other day, provided by E*TRADE... i decided to participate/ watch an online education course (the abc's type level).
Called: ~ candle stock patterns
We see different candle, eventually a few patterns, with always commmon reminder to use other technical
Assistance in conjunction with...
A question (amongst a few)comes in from the audience: ~ are these things guaranteed?blaba?
The reply: no, these are just a few things that we can use to help with probability and should of be used with other tech analysis....bla bla...and for example the good traders only get it right 50% of the time, but they don't let a bad trade kill them....
Six hours later: I mentally replayed this entire call/seminar...
And I thought: why would I want to pay attention to candle stick probability for a 50% success rate if all that matters is not losing more than I make.
The kicker is I'm so slow it took me 6 hours to get there (yeah, busy with kids, life, blabla)...instead of 6 seconds.
I'm serious; a bit of a wake up call. I should have presented that question live....becuase maybe it's something worth knowing....or not....or put another way.....Or,,,,, is failure so likely that 50% should be considered success....
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