I have a test in money management. I believe experienced traders will make right choice. I need newbies' desicions.
The task is as follows:
You have to choose one of two scenarios, a 80% possibility to win 4000$ (hence 20% risk of not winning anything) versus a 100% possibility of winning 3000$. which one will you choose?
and
a 80% possibility to lose 4000$ (hence 20% risk not losing anything) as one scenario and a 100% possibility of losing 3000$ as the other scenario. which one will you choose?
The task is as follows:
You have to choose one of two scenarios, a 80% possibility to win 4000$ (hence 20% risk of not winning anything) versus a 100% possibility of winning 3000$. which one will you choose?
and
a 80% possibility to lose 4000$ (hence 20% risk not losing anything) as one scenario and a 100% possibility of losing 3000$ as the other scenario. which one will you choose?
kiss the trend