Episode 129: Probabilities, Uncertainties and The Truth About Trading

In this follow-up to our previous show, Episode 128, your host Rob Booker and the producer Jason Pyles consider Greg K.’s interview about remote viewing and intuitive trading. Jason asks how the compelling results that are produced over time from intuitive trading correspond with probability. Rob talks about how trading systems are really just a set of probabilities, and in that same vein, Rob also discusses probabilities versus sure-things and how there really are no sure-things… Rob reveals a reason why most traders end up failing. And in this episode Jason hits on The Truth about Trading, which leads to a discussion about the uncertainty of life itself … deep. Listen!

Links for this episode:

Look for Greg K.’s interview on Tim Bourquin’s Trader Interviews.com

Book recommendation: Traders at Work by Tim Bourquin and Nicholas Mango

Greg’s Web site: Remote-Viewing.com

Book: Opening to the Infinite by Stephan A. Schwartz

Look for Greg’s interview on Tim Bourquin’s Trader Interviews.com


Rob on Twitter: @RobBooker

The Traders Podcast on Twitter: @TradersPodcast

E-mail us! Producer@TradersPodcast.com

3 comments on Episode 129: Probabilities, Uncertainties and The Truth About Trading

  1. fxoutlier says:

    Enjoyed these last 2 episodes a lot Rob, especially the interesting interview with Greg K, and looking forwards to his Tim Bourquin interview. You forgot to mention Wilson has a chapter in Traders at Work all about him. A while back it was mentioned we may get a podcast on backtesting in which I commented that Wilson needs to be on that one. Well I just found another guy even more obsessed with backtesting, apparently inspired by yourself. Episode 250 in Tim Bourquins interviews is about Rudy Leder, you’ve just got to get him on the podcast if you ever do backtesting.

  2. James Smith says:

    Hi Rob & Jason.
    I’m originally from the UK (Bristol then London) and have recently moved to Cork, in Ireland.
    I’ve been listening to your podcast for ages, at the moment I am on ep 103. And have cleared the next weeks commute to catching myself up to date.
    I currently day trade the FTSE, using simple S&R lines and simple patterns (double tops/bottoms), while paying attention to the big round numbers, and the occasional fib, especially if it matches the S&R lines.
    I love the show, especially the banter and the ranting! Keep up the good work and thanks for all the effort on the show, it really shows.


  3. The universe will give you what you want. The trick is – you have to let it. And that is way harder than it sounds.

    I think it is important to understand that if we are capable of precognition, there is no reason to think that it would be limited to some kind of mental impression – like a “hunch”, a “gut feeling”, a dream, or even remote viewing or a vision of some sort.

    I believe that we create our reality with our intentions by effecting the probability of quantum random events to our favor. I also believe that precognition or ESP is a form of that. I think mental forms of precognition are just random thoughts that were “caused”, or more appropriately, “effected” by your intentions. But, your intentions can also effect plenty of other random goings-on in your world.

    There are an uncountable number of random events happening around you right now. At the quantum level, for the most part, everything is random. There is no such thing as certainty – only probability. The probability of some events are high, but nothing is certain. In fact, it is 100% possible for all of the air in your room to suddenly, and inexplicably move to one corner. According to quantum mechanics, that is possible. But improbable. Which is a good thing, because that would suck. If you are interested in learning more about Quantum physics, I highly recommend the awesome book The Dancing Wu Li Masters.

    So – if it is true that we can effect the outcome of quantum random events as per our intention – and there is plenty of research to suggest that we can (see Princeton University PEAR program), then I believe we can also do that unconsciously as well as consciously.

    Do you see where I am going with this?

    The alarm clock that mysteriously fails to ring on the morning of a missed flight that crashed. An indicator that you just wrote with a variable chosen by you that just so happened to leave you flat, instead of long, moments before the flash crash. A spur of the moment decision to strike up a conversation with the guy on the bike next to you at the gym, and he becomes a valuable contact. These are typically known as “meaningful coincidences”, but I think they are no coincidence at all. They are ’caused’ by your intention.

    In order for the random things that go on in our lives to have a beneficial effect, there needs to “BE” random stuff going on in your life. If your grip on everything is so tight, then where is the randomness for your mind to work on?

    There is a Zen saying : Let your mind wander in simplicity, blend your spirit with the vastness, follow along with things the way they are, and make no room for personal views-then the world will be governed.

    Greg Kolodziejzyk

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