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All moments › Why Most New Traders Fail (A 20-Year Pro Explains) | ft. Will Hunting

Only take infrequent trades when probability supports it. One in nine or ten occurrences too risky.

From Why Most New Traders Fail (A 20-Year Pro Explains) | ft. Will Hunting · jumps to 1:24:49 · speech

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And I'm getting trigger and the market's been bullish all week. And I'm getting a trigger that says sell. You know, I've got to be kind of thinking, the balance of probability was the chance that this is the high. We're going to go all the way back to the open and flip it. Well, that tends to happen about one week out of every nine or ten, right? So, why would I chance taking a trade on something that is an infrequent occurrence, right? You know, it's, and so, you know, quite often this is a little thing. It's not about the game. It's not about the rules of the game. They're the same for everyone, right? It's about the way you play the game, right? I like to describe it as...
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