“Basing your decisions on past data is like driving down the road, looking in the rear-view mirror“.
For the most part, traders don’t know what’s going to happen in the future and never will.
In the previous podcast episode, Gary Hart explains how considering future probabilities can be beneficial, suggesting traders “base decisions on the probable future instead of the certain past.”
In the future there are no grammar checkers
In this episode, we explore this idea further by reviewing a dangerous trading assumption and how traders can better position themselves for future market conditions.
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