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Learning to Trade an EDGE(แต้มต่อ) like a CASINO - Coggle Diagram
Learning to Trade an EDGE(แต้มต่อ) like a CASINO
Micro level,the outcomes to individual edges are independent occurrences and random in relationship to one other.
Macrolevel ,the outcomes over a series of trades will produce consistent results.
you can be the casino if,
You have an edge the genuinely puts the odds of success in your favor.
you can think about trading in the appropriate nanner (the five fundamental truths)
you can do everything you need to do over a series of trades
Like the casinos ,you will own the game and be a consistent winner.
setting up the exercise
Pick a market
Choose a set of market variables that define an edge
trading system , it can me mathematical,mechanical, or visual (based on patterns in price charts)
Trade Entry
Stop-Loss Exit
Time Frame
Taking profit
A trading edge in the financial markets can be described as a set of conditions that when present, gives a higher probability of a trade working than not working.
Remember: Indicator signals are still based on probability. If your trading system produces a buy signal, it only means there is a higher probability of the price going up.
an edge can be identifying when the market is trending, in which case you take trades in the direction of the trend
an edge can be identifying when the market is ranging, in which case you can buy at the lower boundary of the range and sell at the upper boundary of the range.
there is a random distribution of winning and losing trades and you must take a series of trades over time.