Balancing Act
September 20th, 2005 by BWV
Oh my.. is this what I’m aspiring to be? (click here for article)
Although the study sounds a bit shady, the irrefutable fact is that fear/greed emotions are 100% detrimental to rational decison-making, especially in trading.
on a 2nd reading, i find the article much more fascinating..
any player Not betting in any round in this game would be exponentially more insane than a casino not accepting some random blackjack bet because they had a “hunch”.
you simply have to bet every possible time in these situations.. a guaranteed win/loss ratio (or one realized over time under non-guaranteed conditions) of anything close to 2.5/1 is enough to make literally anybody a winning trader/gambler. just be smart about money management & don’t bet too big on one single (always random) outcome!