A simple lesson on probability.
Go and grab a coin and toss it a few times.
Although you have a 50% win rate for heads, you will still get a consecutive run of tails right?
In fact, with a 50% win rate, its probable you could see 4-5 consecutive tails.
Unlikely, but still POSSIBLE - there could be a chance of seeing 7.
That's why we now plan for this.
HOW?
We have a probability calculator that enables us to plan for these losing runs.
How cool is that?
Once you have planned for losing runs, you don't get worried.
Simple.
Anyway, another sell valid on EG as shown.
Entry price was 0.88019
SL 0.88181
TP 0.87808
Winning and losing runs come and go.
That's also why hopping on random trade ideas on here, isn't recommended at all if you are trying to find consistency.
Your just gambling otherwise on random ideas. You might get luck - but you're just getting random rewards.
Take care.
D
Go and grab a coin and toss it a few times.
Although you have a 50% win rate for heads, you will still get a consecutive run of tails right?
In fact, with a 50% win rate, its probable you could see 4-5 consecutive tails.
Unlikely, but still POSSIBLE - there could be a chance of seeing 7.
That's why we now plan for this.
HOW?
We have a probability calculator that enables us to plan for these losing runs.
How cool is that?
Once you have planned for losing runs, you don't get worried.
Simple.
Anyway, another sell valid on EG as shown.
Entry price was 0.88019
SL 0.88181
TP 0.87808
Winning and losing runs come and go.
That's also why hopping on random trade ideas on here, isn't recommended at all if you are trying to find consistency.
Your just gambling otherwise on random ideas. You might get luck - but you're just getting random rewards.
Take care.
D
