Understanding Probability

Discussion in 'Trading' started by Tavurth, Jun 4, 2015.

On what level do you understand probability?

  1. I have a little knowledge of probability

    2 vote(s)
    10.5%

  2. I know how probability works

    1 vote(s)
    5.3%

  3. I understand how probability works

    8 vote(s)
    42.1%

  4. My life is constructed on probablility

    4 vote(s)
    21.1%

  5. Everything is probability

    8 vote(s)
    42.1%
Multiple votes are allowed.
  1. loyek590

    loyek590

    yeah, we get the idea, insurance companies take one side of the trade and speculators take the other
     
    #51     Jun 8, 2015
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  2. loyek590

    loyek590

    I can think of a few good insurance companies, I can't think of that many good speculators
     
    #52     Jun 8, 2015
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  3. WeToddDid2

    WeToddDid2

    Agree with the 1%. Well, most likely it is less than 1%. I don't think it is luck. No one that I know that is successful trading TA uses candlesticks.
     
    #53     Jun 8, 2015
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