A lot of people do not want agree that surviving in the market today requires every trader to come to terms that they are trading on probability and at every moment of the trade there are series of different possible outcomes.
As a trader, the best you can do is find the most likely scenario based on the data you have and understanding the risk involved too.
Choose the best probable outcomes that favors you to avoid stories as rekt.
Yeah that’s correct. But some people don’t know about this. Experts say that the probability of us making a successful trade in trading is between 40% to 60%. It all goes down to different timing, and the condition of the market when you’re trading.
As long as you utilize the opportunity you have with that 40% to 60%, you will make big profit. That’s why you shouldn’t all the time, you should be able to figure when it’s the right time to trade. There’s possibly two sides to every thing, and when you can tell the one that’s more likely to take place, then you will be making good profit most of the times.