Thursday, August 28, 2014

Math is FUN when you make MONEY with it - Probability Model Boston Museum of Science

This exhibit at the Boston Museum of Science shows proof that although we cannot determine the outcome of every trade we take, there is a statistical reliability over a long period of trades, which allows us to make profit in the markets we trade.

This illustrates the importance of risk/reward in day trading.  

In order to reap the benefits of this 'bell curve' you need to stay alive long enough to see the statistical reliability actually work for you.

Keep those stops small, and those winners large, and consistently executing your trades and you will be successful!

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