Rebel Traders 011 : Coincidence Analysis? Yup, It’s a thing…
Is there a correlation between Nicholas Cage movies and people who drowned in pools? What about sour cream and deaths from motorbike accidents?
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In this episode we are going to tackle a topic that is not only a danger to most technical traders but a common trap that pundits like to tout as expertise and insights. We're talking about the dangers of coincidence analysis and how it can steer traders down a dangerous path.
We also show how some of the strangest correlations that exist to show why you need to have an open mind and open eyes when it comes to REAL correlations versus statistical parallels…
3 Key Takeaways From This Show
- Coincidences are just that – a coincidence. Instead, focus on trends and evidence-based information.
- Master your own method of quickly analyzing charts for trends.
- History will repeat itself – always look back on what has happened in the past.
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