If You Say Something Is “Likely,” How Likely Do People Think It Is?

Trading is often about how to take the appropriate risk without exposing yourself to very human flaws.
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stueytrader
Posts: 863
Joined: Tue Dec 15, 2015 6:47 pm

I'd very much doubt any of us could always, for every action/choice during trading, give a specific % of probabilities. Perhaps at times yes, but in the heat of trading battle with possibly multiple rapid decisions and actions, I'd doubt it - surely a lot of decisions have to be made more 'Gestalt' kind of way, where we get the feel that the decision is more or less likely to be right?
stueytrader
Posts: 863
Joined: Tue Dec 15, 2015 6:47 pm

Course, I'm only meaning manual trading here (automation I presume will always be working on specific numbers).
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