Captain_Walker
Education

PSYCH HACK #0004 - understanding luck, chance and risk

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
In this screencast, I review my ideas on luck, chance and risk.

I do not depend on luck, hope or targets in my trading. This has appeared rather strange to some I've been in contact with recently.

I say that sensible trading for consistent profitability cannot depend on luck. Yes - it involves taking carefully risk-assessed chances and controlling loss.

I assert that luck is not part of my 'equation'.
Tip of the day: if you're shorting anything do it at the peak of something to minimise risk of being scalloped. [Different perspective on the virus https://youtu.be/NjTdvALChwk]

Comments

You make like
Source: Finance Magnates
"ESMA Regulations Reveal: Where CFDs Traders Lose the Most
As ESMA forces brokers to display the percentage of their winning clients, the competition heats up"
https://t.co/mbfaQszn4Z
Hope the link works
Reply
@Felix000, Yeah

See: and

Reply
Felix000 Captain_Walker
Cool@Captain_Walker,
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out