Trading Psychology : 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.
stueytrader
Posts: 362
Joined: Tue Dec 15, 2015 6:47 pm

Wed Jul 11, 2018 12:32 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: 362
Joined: Tue Dec 15, 2015 6:47 pm

Wed Jul 11, 2018 12:35 pm

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

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