Dear all,

A question from curiousity.. do you know the odds/probabilities of that trade you're about to enter?

And how did you get these probilities.. by quantify it or discretion?

I'm curious because currently I'm struggling with this part

Thanks all.

no111 

Dear all, A question from curiousity.. do you know the odds/probabilities of that trade you're about to enter? And how did you get these probilities.. by quantify it or discretion? I'm curious because currently I'm struggling with this part Thanks all.

Your probability is based on past performance and the testing you have done.
It MUST be quantified by seeing the risk and the reward behind this pattern, occurrence, etc
(risk X percentage) + (anticipated reward X percentage) = should be a positive outcome
If you don't know how many points you seek to take, then you are in the business of hope.

more experienced trader (real time trading) sometimes seek to enter the market on a certain occurrence (pattern, divergence, indicators) and exit when that occurrence stopped, but this is for much more experienced traders.

For beginner I suggest to know the risk and reward ahead of the trade.

Please use this existing thread:

Probability 101 In the process of writing this post, I've discovered a large part of the problem. The definition of randomness you will find on dictionary.com, and elsewhere, is incorrect. It states "of or characterizing a process of selection in which …

I am closing this thread to prevent a split topic and to make things easier and more organized. Repost your question there.

Mike