Which is to say, luck has everything to do with probabilities. In fact, it is all about probabilities and nothing else. When you toss a coin, your chances are fifty-fifty. It is either heads or tails. In dice, the odds can be any. Therefore, when you start talking about a probability of a bull run or a bear attack, you get into the same context (i.e. the probabilistic one) in which gambling operates. Indeed, there's a difference between trading and gambling, but it lies elsewhere, not in the realm of probabilities. Just two of my cents
I agree but what I am saying is this.
When you toss a coin, obviously the that is a 50-50 sovyou can just pick any of it but when it comes to a market that is not always 50-50, you would obviously go to the higher possibility. That is why I am talking about indicators. When it indicates a bull run, obviously you will be siding with the bull run since it has the higher possibility. That is not luck, but you based your money into siding with higher probability and it still can't happen since it is just a probability, there is still a risk in it
Tossing a coin was an extreme example
But it served a purpose. While tossing a coin, you can be more or less certain that your chances are fifty-fifty. However, this is not the case with trading. The point is, you may think that your odds are good, say, 90%, but the real odds (at least as far as probabilities are concerned) can be quite different, and sometimes entirely different. In short, you may not know the real odds, and that seems to be the case with the majority of traders most of the time