99% of Traders Make This One Simple Mistake
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- Опубліковано 1 жов 2024
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Most traders claim that trading is a game of probabilities, which is true. However, if that's the case, most traders are missing a vital piece of information from their analysis and decision-making. This is often the biggest reason traders are unprofitable, because without this piece of information you're not able to see if you're identifying profitable opportunities or not. But this is something that can be easily fixed and I'll explain everything in this video.
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I really need this probabilty information. Do walk us through Mr. Nicolas.
Great content, great teachings. Thank you Nicholas. Your insight means a lot
I'm subscribed but somehow missed this when you put it out a month ago! What's the probability of that happening.... You put out great content that is not only valid but understandable and you have a very effective manner of presenting that content.
Thank you very much for this video. I felt like you were talking about me in this video. Entry point, stop level and take profit level are exactly ALL that I look for before taking a trade. I have to ask, how do I get started with estimating probabilities?
Great vid,keep them coming. Cheers.
Can you do vedio on structers or price action decoding from high time frame to lower with volume
Cant remember the last time i saw a new vid on this channel. Did u get a new haircut?
Great video thank you
Great video! It was really an eye opener for me. Please bring more such videos. Thanks!
How much sample size of data is enough
It depends on how granular you wanna go with your calibration an testing because a trade can have many different characteristics like (significant level, trend, structure, momentum, volume, news, session). So the more nuanced you wanna go with the calibration the more overall trades you need to pick up the different characteristics and put them in one category. And to give you a number I think he once told me that 485 is a good number. Idk how he came up with exactly that amount but I think a few hundert are a really good way to start.
-Paul
There's a formula you can use to figure out the exact sample size. One is Cochran's Sample Size formula. It depends on a few factors, including the confidence level % you want to achieve. Generally for 95% confidence you'll need around 385
really like the probability side I do a lot of backtesting pairs it's really does help with psychology 😊
Knowing your numbers is great for overcoming most psychological issues
Good info
good
😇
any video is interesting to watch to be fair
Love your vids, watched whole channel 😅 keep up the good work
Thank you nicolas, i look forward to more lectures on probability. I know you're doing this out of your free will but I'll be glad if you touched on how to backtest and how to journal properly.
From India and i am following you from a very long time and you provide great info 👍
I love this topic and hope to watch more videos about trading probability in your channel! Thanks!
Good to see you back. Always helpful info.
Love your content, didn't even notice the hair loss. Lol
next level videos! Keep them coming please.
Love your videos man. Keep them coming
More !!!! SO from South Africa
Simply the best mentor ever!
vey ggod sir, i learn alot
Love to see the next video in the series
is was going to ask the same 😊
Let's GO‼!!!!!!!!
Yes, more, please.
More :)
👏👏👏👏👏👏👏
What type of hair glue are you using and just how much rain in cubic meters will it take to wash it all away. What is the financial impact of going bald. will your partner leave you for a hairier model and is that a beneficial outcome anyway. So how much research did you do into the hair glue as it seems your life could greatly change if it does not perform as advertised. Is there an hair glue ETF?
I think I'd be going short on my hair products at this point!
God forbid hairloss
On my experience if you become super good at extimating the true probability you will find out there almost zero edge in making money in FX MARKETS.