RE: Do you really understand probabilities? Knowing your Probabilities is your golden ticket to trading.

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Do you really understand probabilities? Knowing your Probabilities is your golden ticket to trading.

in trading •  7 years ago 

Great post Luc. I think inside here is the whole key to your strategy: reading, as you call it, the "story of the chart." That's where so many of us on the slack are stumbling I think. That grasp of context behind probability is so important, yet many just kind of stumble into some excitement and buy without looking.

My question on that is this: do you tend to trade within charts you've studied in depth and have a working knowlege of the "story" of? Or do you often wing it on the fly when the scanner calls? Would really love to see more on this.

As always, thanks so much for all you do for us fledgling traders!

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