Best ways to give yourself odds
Posted: Apr 06, 2024
- Trading stocks is often compared to gambling, but the odds can be in the trader's favor - Successful traders use systems and setups that give them odds greater than 50% - It's better to make many small bets with good odds than to go all in on one risky trade - Strategies like opening trades at support or resistance levels can give good odds for quick profits - Market bots are designed to trick and beat retail traders, so it's important to be prepared for anything - Consistent success in trading requires a systemic and analytical approach, but is difficult to achieve - Emotions after losses can lead to mistakes, so it's important to have a strategy for managing risk and staying calm.
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