236: Lance Breitstein – The Ultimate Day Trader, Pt. 3
Chat With Traders
Exactly What Is Expected Value in Trading?
Anotice: Expected value math really is the basis ofof everything in trade. And so expected value is, what are you going to make when you win? Times the probability of winning, then you subtract out what you're going to lose and the abilityo loss when you lose. So that applies to anything from coin flips to a rolling of of dice, to poker, to blackjack, to everything. But with trading, it's quite hard, right? Because those variables can be waiy harder. There's times where you might buy a breakout and you don't know what the reward is.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
