Many friends have bought lottery tickets, and everyone has their own unique way of choosing numbers. Why is this the case?
Because everyone believes that there are certain patterns in lottery number outcomes, and through their own intelligence, they can master these patterns. The reality is: whether you believe it or not, from a purely theoretical standpoint, lottery number outcomes are completely random with no patterns to follow, unaffected by any factors, and generated entirely at 100% random.
Some mathematicians have studied the probability of winning, which can be summed up in one sentence: the probability of a person being struck by lightning twice in a row.
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It’s the same in trading; people hope to control the market, so they emphasize entry strategies, and they can force the market to display various phenomena that should occur before entering.
Unfortunately, once they enter, the market is no longer under control. Moreover, the most important principle for successful trading is: quickly recognize losses, allow profits to continue to grow, which is unrelated to entry strategies; the real key is the exit.
This bias has a far-reaching impact, making it difficult for people to obtain winning information in the financial trading market; everyone just wants to hear what they want to hear and what they are willing to hear.