A coin toss—having a 50% chance of being correct on a given toss—is often the first thing that comes to mind when many of us consider probabilities.
Day traders earn between one and two percent of their total earnings. Only a small percentage of day traders succeed in making a significant profit. This indicates that between 80 and 99 percent of them fail.
Like a coin toss, probabilities can give us tools for approaching the markets, and the concepts can be used in more ways than one might think. For instance, a trader's perception of probability may be completely incorrect, which may precisely be the cause of their failure to profit from the markets. By providing an overview of trading and statistical probabilities, this article hopes to be of assistance.
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