Simple trick thats saved me a lot of money in the past! It works as well when you have an open position in the market. Its easy to get tunnel vision on a trade and be oblivious to what other runners are doing, by folding your arms or sitting on your hands your more likely to look at the market as a whole and see the bigger picture. Of course you have to be careful when you do it, not a good idea in volatile markets!
the likelihood of the 4.0 break succeeding?.....with extreme detail and accuracy? In every given vol, time, context and runner scenario? Are you sure about that grand?ruthlessimon wrote: ↑Sat Apr 07, 2018 4:40 pmLet's say the 2nd goes through 4.0 (horse race). If the trader doesn't understand the likelihood of the 4.0 break succeeding (given this vol, given this time, given this runner, given the context). I think they've got a right to be nervous. I would put £1000 Peter could answer that question (with extreme detail/accuracy)
But that "likelihood" has come about from a myriad of "specific assertions"ShaunWhite wrote: ↑Sat Apr 07, 2018 6:42 pmAre you sure about that grand?
Isn't this a world of likelihoods rather than such specific assertions set against so many variables?
), Peter will know everything there is to know about the 4.0 - or anything