As an amateur sailor I can certify that amateur sailing is also a losers' game. Same can be said of my trading so far :) As always a great video from Nick!
The explanation of the above 2 questions- 1. This is the order at which each person is looking to the next person- Jack(Married)------> Anne(Don't know??)------> George(Unmarried). Let's assume 2 conditions i, Anne= Married ii, Anne = Unmarried. i, If Anne is married, then she a married person is looking at an unmarried person(George). ii, If Anne is unmarried, then Jack a married person is looking at Anne who is unmarried. Hence, does not matter whether Anne is married or unmarried, the outcome is fixed- a married person is looking at an unmarried person. 2. Let's assume the price of bat is- X & the price of ball is- Y. From the given information we can infer, X+Y= 1.10 -----i X-Y=1 ---------ii By combining i + ii we get, 2X= 2.10 or X=1.05 putting the value of X in any equation(i or ii) the value of y comes= 0.05 Hence, X= 1.05 & Y= 0.05.
So these Jack and anne were Bots transacting at speed of light? And you watching them with naked human eye. Retail crowd is so dumb that because they cling to simplest explanations.
Literally whipped out a pen and paper for the Bat and Ball question . I remember previously being tricked by this question, and never truly understood how the answer wasn't $0.1. Now I used math to solve it! Bat + Ball = 1.1 Bat is also eqauls to Ball +1 Therefore Ball + 1 + Ball= 1.1 2Ball= 0.1 Ball =0.05 Paused the video at 6:18 for this 😅
1. If Anne isn't married, then Jack is the married person looking at an unmarried person. If Anne is married, she's the married person looking at an unmarried person (George). 2. The bat costs $1 more than the ball. So if the ball is $0.05, the bat is $1.05.
@@Duomoinitiative This "thinking" is above my paygrade, because we don't know anything about Anne...Wouldn't we be assuming Anne is married.... And $1.05 total, is less than $1.10....isn't it?
Try this - the bat is 100 cents MORE than the ball. If the ball cost 10 cents, the bat would cost $1.10. Total = $1.20. The total has to be $1.10. So, if the ball costs 5 cents, the bat MUST be 105 cents. Total = $1.10.
Wow Nick the Trading Journal is amazing & so detailed, thank you for your hard work!
i am a trader from south korea, lived in London for 12 years. i love your calm and great videos.
I love how logical your approach to trading is
Top tier content, pure and no BS, thanks mate
As an amateur sailor I can certify that amateur sailing is also a losers' game. Same can be said of my trading so far :)
As always a great video from Nick!
The explanation of the above 2 questions-
1. This is the order at which each person is looking to the next person- Jack(Married)------> Anne(Don't know??)------> George(Unmarried).
Let's assume 2 conditions i, Anne= Married ii, Anne = Unmarried.
i, If Anne is married, then she a married person is looking at an unmarried person(George).
ii, If Anne is unmarried, then Jack a married person is looking at Anne who is unmarried.
Hence, does not matter whether Anne is married or unmarried, the outcome is fixed- a married person is looking at an unmarried person.
2. Let's assume the price of bat is- X & the price of ball is- Y.
From the given information we can infer,
X+Y= 1.10 -----i
X-Y=1 ---------ii
By combining i + ii we get,
2X= 2.10
or X=1.05
putting the value of X in any equation(i or ii) the value of y comes= 0.05
Hence, X= 1.05 & Y= 0.05.
So these Jack and anne were Bots transacting at speed of light? And you watching them with naked human eye. Retail crowd is so dumb that because they cling to simplest explanations.
Bro thank you for still being here
you and Umar ashraf are the only transperent in this industry ,,, keep it up and make trading industry great again !!
I appreciate that 🙏
Why are you using Trump terminology?
I sympathize with your missed opportunity, but on the other hand, the price could have continued to go up and up ! The market is irrational
Literally whipped out a pen and paper for the Bat and Ball question . I remember previously being tricked by this question, and never truly understood how the answer wasn't $0.1. Now I used math to solve it!
Bat + Ball = 1.1
Bat is also eqauls to Ball +1
Therefore
Ball + 1 + Ball= 1.1
2Ball= 0.1
Ball =0.05
Paused the video at 6:18 for this 😅
The first example you can clearly see there's a middle person, but the second example is questionably just a play on words, no actual math.
Funny enough I was back testing GBP/USD from 2021 and the exact same thing happened.
today gold long i wish i would have hold it
@@chriswaring3783 yeah man this broke me and when i look now in the chart i am like maybe this was really my biggest mess up right now
How were those answers wrong? I wish you explained.
1. If Anne isn't married, then Jack is the married person looking at an unmarried person. If Anne is married, she's the married person looking at an unmarried person (George).
2. The bat costs $1 more than the ball. So if the ball is $0.05, the bat is $1.05.
@@Duomoinitiative This "thinking" is above my paygrade, because we don't know anything about Anne...Wouldn't we be assuming Anne is married....
And $1.05 total, is less than $1.10....isn't it?
@@Jeff_Thomas 1.05 + 0.05 = 1.1
@@Jeff_Thomas I was thinking the same for both questions. Please elaborate. Maybe the remaining 5 cents are taxes lol
Try this - the bat is 100 cents MORE than the ball. If the ball cost 10 cents, the bat would cost $1.10. Total = $1.20. The total has to be $1.10. So, if the ball costs 5 cents, the bat MUST be 105 cents. Total = $1.10.
30 lots damn