217: PRICE ACTION KING: 30 Trades in 81 Candles, Here’s How… Al Brooks Explains
Trading Nut | Trader Interviews - Forex, Futures, Stocks (Robots & More)
The Importance of Probability in a Trading Strategy
Every trade has three variables: risk, reward, and probability. And I think understanding probability is crucial to being a trader. During 90% of the bars in the chart, you can make money buying or selling. So let's say I'm buying Apple and I'm risking $1 to make $1 at any bar on the chart,. For 90% of those bars, I have no worse than 40% chance of making a dollar before losing a dollar.
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