Trading probability - we all accept that this is one of the most important parts of trading, but not many people spend time trying to understand it deeply.

Almost every concept we learn in trading relates back to probability. Therefore, by understanding probability better, we can become better traders. This includes being able to manage our risk better and become more consistent, dependable and, most of all, safer with our trading.

In this podcast, we talk about some of the psychological biases (behavioural economics concepts such as survivorship bias, confirmation bias and hindsight bias) and talk about some of the flaws people ignore in their trading systems.

Presented by Nicholas Puri (@nikipuri on Twitter and Instagram) for The Duomo Initiative (@duomoinitiative)

The Duomo Initiative is the financial education division of PuriCassar AG.

Jesse Livermore is one of the most iconic and influential traders of all time. He is often cited as the main inspiration for a lot of professional traders.

He was nicknamed The Boy Plunger after he successfully predicted the 1907 and 1929 market crashes, making huge amounts of wealth each time. At the height of his trading career, he had made $100 million, which is the equivalent of about $1.4 billion in terms of today's money.

The part biographical - part fictional book 'Reminiscences of a Stock Operator' tells the story of Livermore's life. His life is truly an incredible story, having lost his entire wealth on more than one occasion and subsequently making it all back again. This is a story of the do's and do not's for all traders.

Presented by Nicholas Puri (@nikipuri on Twitter and Instagram) for The Duomo Initiative (@duomoinitiative)

The Duomo Initiative is the financial education division of PuriCassar AG.

What is the best time of day to do your trading if you want to hit your optimal performance as a trader? In this podcast we discuss the science and studies that show which time of day you should be doing your trading analysis, which time of day to fill in your trading journal and which time of day to make discoveries about your trading strategy.

This is all about your trading psychology and mindset, which will ultimately lead to better trading performance. All of this can be the slight difference between becoming a great trader or burning out your accounts.

Presented by Nicholas Puri (@nikipuri on Twitter and Instagram) for The Duomo Initiative (@duomoinitiative)

The Duomo Initiative is the financial education division of PuriCassar AG. We have taught thousands of people worldwide and offer training for private and professional clients.

It was reported that Goldman Sachs purchased $2.8 billion worth of Venezuelan bonds. This has caused a lot of controversy and has led to protests against Goldman Sachs, due to their perceived support of the Maduro regime. We discuss this topic and what it all actually means.

Presented by Nicholas Puri for The Duomo Initiative with special guest Lorenzo Beriozza.

The Duomo Initiative is the financial education division of PuriCassar AG. We have taught thousands of people worldwide and offer training for private and professional clients.

China's credit rating has been downgraded by Moody's for the first time since 1989, mainly due to issues regarding their levels of leverage and growth expectations. This ties in with research we released earlier in the year on Nasdaq.com and SeekingAlpha.com regarding the potential devaluation of the Yuan. In this video, we discuss the current situation and the potential disaster waiting to happen.

Presented by Nicholas Puri for The Duomo Initiative with special guest Lorenzo Beriozza.

The Duomo Initiative is the financial education division of PuriCassar AG. We have taught thousands of people worldwide and offer training for private and professional clients.

In this episode Nicholas gives his opinion on whether trading is competitive and whether you have to be a competitive person to succeed in trading. We explore other comparisons and try to figure out whether it is necessary.

Presented by Nicholas Puri for The Duomo Initiative with special guest Lorenzo Beriozza.

The Duomo Initiative is the financial education division of PuriCassar AG. We have taught thousands of people worldwide and offer training for private and professional clients.

Following on from Episode 3, we delve deeper into the topic of US consumer credit, with a particular focus on auto loans. Is this another fragile situation showing signs of weakness?

Presented by Nicholas Puri for The Duomo Initiative with special guest Lorenzo Beriozza.

The Duomo Initiative is the financial education division of PuriCassar AG. We have taught thousands of people worldwide and offer training for private and professional clients.

Key data is showing that the US may be on the verge of new issues with the real estate industry. The same metrics that were observed prior to the 2007-8 financial crisis are reemerging and displaying new issues.

The period of deleveraging that was supposedly happening around the world has not taken place and this brings some very worrying implications for global stability. Forget Trumponomics, consumer credit is going to have a much larger impact on the global economy than Trump's spending plan.

Presented by Nicholas Puri for The Duomo Initiative with special guest Lorenzo Beriozza.

The Duomo Initiative is the financial education division of PuriCassar AG. We have taught thousands of people worldwide and offer training for private and professional clients.

How can we improve the certainty and success rate of our trades? Some people try to add things to increase the number of opportunities, however if we want to increase the certainty, we need to filter our opportunities to improve this figure.

By doing this, we will improve our profits, since our P&L does not solely depend on the number of good opportunities we take, but also how many losses we avoid and how much we earn from winning positions. By increasing our certainty, we can put more money at risk and therefore make greater returns per trade.

Presented by Nicholas Puri for The Duomo Initiative.

The Duomo Initiative is the financial education division of PuriCassar AG. We have taught thousands of people worldwide and offer training for private and professional clients.

More at www.duomoinitiative.com

Episode #1 of the Duomo Trading Podcast. This episode is a motivational piece taken from one of our most popular YouTube videos, for those moments when trading gets tough and you question why you still continue with it. It reminds you about what trading is and why it's so special. Presented by Nicholas Puri for The Duomo Initiative.

The Duomo Initiative is the financial education division of PuriCassar AG. We have taught thousands of people worldwide and offer training for private and professional clients.

More at www.duomoinitiative.com