🚩 My Socials & More Free Content: https://theartoftrading.com
🚩 FREE Pine Script Basics Course: https://courses.theartoftrading.com/courses/pine-script-basics-course
🚩 Pine Script Mastery Course: https://courses.theartoftrading.com/courses/pine-script-mastery
🚩 My Indicators & Strategies Course (Steal My Code!): https://courses.theartoftrading.com/courses/my-indicators
🚩 Merch Store: https://theartoftrading-shop.fourthwall.com/
🔷 Create your FREE TradingView Account: https://www.tradingview.com/gopro/?offer_id=10&aff_id=15271
🔷 Expectancy Spreadsheet (Make A Copy!): https://docs.google.com/spreadsheets/d/1Bn2vcxMvtOc7KQEuUDFTKLfFf60UL03B67Zj_hbLzmA/
🔷 Monte Carlo in Pine Script: https://youtu.be/y97u_Grc0gU
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This lesson demonstrates the mathematics behind basic probability theory and risk management in relation to trading financial markets.
We use a roulette wheel spin to exemplify the math – but this should not be interpreted as a recommendation to gamble!
The point of this video is to understand why traders should strive to BECOME the casino and develop their own house edge, not be the sucker who depends purely on luck.
MORE RESOURCES:
🔷 My Blog & Socials: https://www.theartoftrading.com
🔷 My Merch Store: https://theartoftrading-shop.fourthwall.com/
🔷 My Free Indicators: https://zenandtheartoftrading.com/indicators/
🔷 My Favorite Trading Books: https://zenandtheartoftrading.com/top-10-best-trading-books/
🔷 My Favorite Trading Psychology Books: https://zenandtheartoftrading.com/trading-psychology/10-best-trading-psychology-books-of-all-time/
🔷 My Trading Video Library: https://zenandtheartoftrading.com/video-library/
🎤 The Art of Trading Podcast: http://thetradingpodcast.com/
If you want more information about who I am and what I do, head over to https://zenandtheartoftrading.com/about.
Math of Winning Video Timestamps – redacted
▼Timestamps▼
00:00 – Intro & Overview
01:20 – Expectancy
06:46 – Win Rate vs Risk Reward
10:50 – Estimating Losing Streaks
16:00 – Gambler’s Fallacy
20:40 – Applying This Knowledge to Trading
24:09 – Conclusion & Resources
Educational Content Disclaimer:
The content provided in our videos, including all code, lessons, and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context. Any results from strategies or tools provided are hypothetical and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and are not suitable for all persons. Before making any trading decisions, please consult with a qualified professional to understand the risks involved. By using our materials, you acknowledge and agree that any trading decisions are made solely at your discretion and risk.
#Trading #Theory #Profit
