Probabilities

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When you truly realise that trading is a probabilistic endeavour, the concept of right and wrong does not have the same significance any more.


How can you make a right or wrong decision (buy or sell) when the outcome is not determined by how well you can perform analysis?

With this understanding, traders are able to detach their ego from the random individual outcomes of any trade. Thus, they can avoid trading mistakes that stem from fear of being wrong.

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