Trading with Probabilistic Mindset

By Lawrence

Many people have weaknesses in decision making related to matters that are probabilistic in nature. Trading is exactly the kind of activity that requires many probabilistic decision making. Trading decisions are complex in nature because future of the market you are trading may have a range of possible outcomes and each outcome may have different probability weighting. In layman’s terms, you are overwhelmed and likely choose the wrong choices.

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  • dulcevida December 21, 2011 at 6:55 pm

    Can’t thank you enough Lawrence

  • Lawrence Chan December 21, 2011 at 9:09 pm

    Completing the beginner section is my holiday gift to you all. =)

  • RoloRolo December 27, 2011 at 9:45 pm

    Thanks for all your hard work during December LC- it does not fall on deaf ears.

  • csrini418 January 25, 2014 at 4:30 am

    The matter you have given is largely theoretical and is well known to the traders. I would have appreciated if you had given specific experiences which resulted in profits or at least avoiding losses.

    • Lawrence Chan January 25, 2014 at 9:20 am

      This chapter is just part of the intro of the ebook. Continue to read the rest of it you will find what you are looking for.

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