What Are Percentiles? - Great Traders Use Them - Volatility Lingo Ep.4Sep 10, 2021
One of the biggest mistakes I see traders make is when they try to use absolute or nominal values as input variables for their trading strategies, when it's actually far more important to use relative values. Far more information can be gained by knowing what percentile the data point is, because it gives context of the relationship to itself over time.
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