Thesis
A trading thesis is the reasoning behind a position, including why a trader believes the market probability differs from fair probability.
Why it matters to you
A clear thesis makes a trade testable. Instead of: "I think YES wins." the trader should be able to explain: what the market is pricing, what they believe, why they disagree, what evidence supports that view, and what would make them change their mind.
Terms that sit next to this one
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