How to increase the odds

Trader's Mindset

Apr 13

I wanted to share a simple idea how to shift the odds of anything you want to accomplish in your favor, like trading successfully, without requiring strong belief.

First, simply imagine that there are odds on your probability of success– you can think of them like call options on your trading successfully. The call options are set completely unbiased and with only observable information.

Second, just undertake the activities that will drive the call options up in value the most and keep doing that over time.

About the Author

Curtis is passionate about markets. He has developed top ranked futures strategies. His core focus is (1) applying machine learning and developing systematic strategies, and (2) solving the toughest problems of discretionary trading by applying quantitative tools, machine learning, and performance discipline. You can contact him at curtis@beyondbacktesting.com.

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