Trading is all about probabilities – not certainties. We’d love to be right all the time, but let’s face it, that’s not…
how life goes. When it comes to trading, our business boils down to probabilities, not certainties. As a trader, you need to set yourself with positions that offer the highest probabilities. It’s not possible to be correct 100% of the time, even the most sophisticated algo’s have a % of inaccuracy.
Instead of worrying about being right, spend your time more productively by mitigating your risk involved with high probability positions you’re looking to put on. Accept the fact that you will be wrong at times, learn to mitigate your risk when you are wrong and capitalize when you’re right.
Consistency is the name of the game.
