Weekend viewing:
RISK: (why most people can't be traders)
FIBONACCI: (made with 3D Printer - click Vimeo logo to learn more)
1 hour ago
A daily chronicle of results of one retail futures trader trading my own accounts. I define myself as a day trader and generally swing for at least a few points most of the time. But I do make the occasional scalp for ticks too.
The video on risk is invaluable- thanks for sharing!
ReplyDeleteQuite like the risk vid as well. I'll be stealing that, thanks MBA!
ReplyDeleteWell, how many times will he let you play the coin flip game at 1.25 or 1.5 or 2:1 odds? You need more than one opportunity to make it worthwhile.
ReplyDeleteOh, I guess I needed to watch a little longer...
DeleteI like that video as it highlights the importance of the stats/probabilities perspective in trading. Recreating games like that w/ a 2:1 ratio and probs of >=50% per game is the sort of positive expected values games I try to develop in my trading.
ReplyDelete