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Les Lau replied Dec 2, 2012Probability: The probability of flipping either a head or a tail is 50%.. If you do this once, What if we flip a coin many times: 2,3,..10,..,100,.. x1000,.. xxxx,..?? The statistical results will have infinite variations.. What about the ...
The 3 Elements of a Successful Trader
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Les Lau replied Dec 2, 2012[quote=CrucialPoint;6253410] In this case, the percentage result of getting tail is 0%. But pls don't mix up 'percentage result' with 'probability'. The result is 0%, yet the probability is still 50%. Why? 'Percentage result' is not 'probability' ...
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Les Lau replied Dec 2, 2012[quote=jeuro;6253379]. "..The statistical results could have infinite variations." The probability of flipping either a head or a tail is 50%.. If you do this once, What if we flip a coin many times: 2,3,..10,..,100,.. x1000,.. xxxx,..?? Yes, the ...
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Les Lau replied Dec 2, 2012You talk a lot of great points and bright ideas..
but not this time(regarding the 'probabilities')Extracted Thread (per thread starter's request)
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Les Lau replied Dec 2, 2012"..When you flip a coin ONCE, you will get a 50% probability... When you flip a coin for INFINITY, the probability is NULL." I can say your concept of probability is 'funny'.. and probably misleading + flaw..!
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Les Lau replied Dec 1, 2012Edge(System): To be profitable for Intraday Trading Use 'reversal(s)', price rejection, early/mid breakout, instead of 'trend trading'. Unless it's just before/after market opening(eg. within 5 min) we can trade base on 'trending break out' (a nice ...
The 3 Elements of a Successful Trader
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Les Lau replied Nov 30, 2012Psychology: Get rid of negative comment(s), (thought/ speech) be understanding, smile have (a sense of) humour out of it. Be Compassion Humble Confident
The 3 Elements of a Successful Trader
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Les Lau replied Nov 27, 2012It's the Law of Nature.. Who enforces 'gravity' ??
The 3 Elements of a Successful Trader
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Les Lau replied Nov 24, 2012Karma is reap what you sow. Karma is what goes around comes around. Whether a person is an atheist or from any type of religion, he/ she is subjected to 'Karma' (just like gravity).
The 3 Elements of a Successful Trader
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Les Lau replied Nov 24, 2012Psychology - Get rid of negativity feeling/thought pattern: hesitation, regret, 'hoping', 'revenge'.. System( Price action) Master the skill/ knowledge of drawing/noticing Confluence(SR, TLine, Fib 50..) & Fractal(chart formation, waves, candlestick ...
The 3 Elements of a Successful Trader
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Les Lau replied Nov 17, 2012Day Trading: - Make entry(s) early, buy low & sell high.. Do not buy into resistance/ sell into support. - Trade like a 'Robot' (execute trade unemotion/ mechanically).
The 3 Elements of a Successful Trader
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Les Lau replied Nov 3, 2012Keep a detail journal for trading & backtesting. It is useful for revision/ improvement of our trading system (edge).
The 3 Elements of a Successful Trader
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Les Lau replied Nov 3, 2012From many recently researched sources, early Christians did believe in reincarnation.
The 3 Elements of a Successful Trader
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Les Lau replied Oct 13, 2012Only positive Karma will lead a person to good results
The 3 Elements of a Successful Trader
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Les Lau commented Oct 2, 2012Last chance for US to make a u-turn now.. or else going for a total economy collapse.
Five Questions about the Federal Reserve and Monetary Policy
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Les Lau commented Oct 2, 2012Last chance for US to make a u-turn now.. or else going for a total economy collapse.
The Federal Reserve and the Currency Wars
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Les Lau commented Oct 2, 2012Last chance for US to make a u-turn now.. or else going for a total economy collapse.
PIMCO: America could 'resemble Greece' before 2020
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Les Lau replied Sep 28, 2012Diaoyu/ Senkaku islands dispute — url This islands dispute could escalated into a Nuclear war. For the sake of humanity we should do our best to avoid this.
The 3 Elements of a Successful Trader
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Les Lau replied Sep 28, 2012Avoid Nuclear War — This island disputes could escalated into a Nuclear war. For humanity sake we should do our best to avoid this.
China and Japan in trouble. Be careful if you are long Yen
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Les Lau replied Sep 8, 2012Check out a few Brokers' platform & find good 1.. Some chart patterns/ candlesticks differences esp. short term Time frame (trading).
The 3 Elements of a Successful Trader