0.18% to 0.38% actually. even 0.5% risk is too much considering I can hit a streak of 20+ losing streak in a row within 2 weeks and it is part of the variance during win rate period of less than 30%. it's an expectation that trader must calibrate themselves to accept.
https://t.co/SIZ113PO8Z
This was a MAJOR 'a ha' moment for me when I first became friends with @PeterLBrandt. He helped me understand probability sequencing and the guts of the statistics, particularly as it relates to drawdowns.
The reality is normal probability distributions don't 'feel' so normal. I had a former friend from my college days visiting my office around the same time I started digging into this who was a PHD student in physics and he told me a story that his stats professor would demonstrate human bias by asking students to generate a 'random' run of 100 coin flips. He would then put an identical number of runs of 100 coin flips generated by a random computer generator. The professor was able to predict with near perfect accuracy which of the runs were student generated vs generated at real random via computer.
How?
Because the human generated sequences varied very little from the mean. Human bias is to think that things don't stray very far away from average. Some people need to read and think this over deeply, particularly if you have temptations to trade larger in drawdowns.
@Simran6397@mynameiskumar_ Kch ni hona bhra ethe….bs everyone is waiting for their turn to scam public or to do some kinda of corruption. India di public deserves this.