A higherallows us to realize our expected probability of success.
Today on on his whiteboard, Mike draws out how important having a large number of occurrences really is when it comes to winning trades. Staying small is equally important, to help offset the variance of the probability game. He relates this concept to poker, where it's also imperative to stay small and obtain a high number of occurrences of high probability scenarios.
Tune in for a great show!