Examples of the Role of Luck in Trading

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progster
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Examples of the Role of Luck in Trading

Postby progster » Thu Feb 13, 2014 6:08 pm

Here is an example of the role of luck in trading ...

We were deep in snow when I awoke this AM, and with snow still coming down, were at fairly high risk of power outage.

I decide prudence calls for not trading today. Better to trade when the infrastructure is not under such clear and obvious threat. So I power-down all the computers and do not trade.

During the morning the snow stops, the temperature rises, and there is no ice storm, and no power outage.

After lunch, all potential threat passed, I power up the computers to find I would have made $1000, being paid by both of my primary automated strategies, had I traded today.

Sigh.

Another day in the life of a trader.

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