PSYCH HACK #0004 - understanding luck, chance and riskIn this screencast, I review my ideas on luck, chance and risk.
I do not depend on luck, hope or targets in my trading. This has appeared rather strange to some I've been in contact with recently.
I say that sensible trading for consistent profitability cannot depend on luck. Yes - it involves taking carefully risk-assessed chances and controlling loss.
I assert that luck is not part of my 'equation'.
