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Wednesday, December 21, 2016

Probabilities in Trading – How Your Mind Is Tricking You


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Probabilities explain the chance of something happening. Probabilities in trading are often discussed, but humans have an abysmal capacity to understand and calculate probabilities. Our minds are just not hard-wired for it. We love to assign probabilities though, but the probability assigned to an event is often grossly inaccurate, or based on inaccurate/wrong presumptions. 
Are there more six-letter words in the English language where the 5th letter is an n, or more six-letter words in…

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