Want to create an interactive transcript for this episode?
Podcast: Locke In Your Success
Episode: Trading Risks Hidden in Probability
Description: In this video, John dives deep into the often misunderstood world of trading probabilities and backtesting. He begins by breaking down the difference between theoretical/statistical probability and contextual/situational probability, focusing on what most traders rely on: theoretical probability. John explains how traders use tools like option delta to estimate probabilities and why these estimates might not always be as reliable as they seem.
Join Us! - https://www.lockeinyoursuccess.com/memberships/
00:00 - Trading Probability
00:48 – Theoretical / Statistical Probability
01:53 – Option Delta Probability
04:07 – Falsehood – Not True!
05:30 – Backtesting Probability
08:19 – Have This Awareness
10:25 – Decision Points
13:53 – Join us!
Join our Market Outlook Membership! https://www.lockeinyours...