Good Morning Everyone, The concept of trend is a critically important one. A trend is like an object in motion. When thinking in probabilities, a trend is much more likely to continue than it is to reverse. That’s not to say it can’t reverse, simply that it’s less likely. Whether you are starting a business, changing careers, playing poker or are a trader within financial markets, understanding the probabilities or the odds, is of supreme value, and in most cases you would prefer to get on the side of the probabilities. That is to say if something had a 60% hit rate, meaning 6/10 times you will “win“ with a given strategy, you would much prefer that than something with a 30% hit rate. The human brain typically struggles with this, but we’re often best served by viewing success over a series of attempts rather than just a single one. Just like at the gym, you don’t go to the gym once, fail to get a six pack and then give up. The process of conditioning the body is one that is an accumulation of sustained effort over time.
#128 The Trend Is Your Friend
#128 The Trend Is Your Friend
#128 The Trend Is Your Friend
Good Morning Everyone, The concept of trend is a critically important one. A trend is like an object in motion. When thinking in probabilities, a trend is much more likely to continue than it is to reverse. That’s not to say it can’t reverse, simply that it’s less likely. Whether you are starting a business, changing careers, playing poker or are a trader within financial markets, understanding the probabilities or the odds, is of supreme value, and in most cases you would prefer to get on the side of the probabilities. That is to say if something had a 60% hit rate, meaning 6/10 times you will “win“ with a given strategy, you would much prefer that than something with a 30% hit rate. The human brain typically struggles with this, but we’re often best served by viewing success over a series of attempts rather than just a single one. Just like at the gym, you don’t go to the gym once, fail to get a six pack and then give up. The process of conditioning the body is one that is an accumulation of sustained effort over time.