Thinking in Probabilities

  • Successful traders put themselves in alignment with the probabilities.
  • If you know a trade has a probability to make money, you’ll go ahead and put it on in a timely manner. Why would you not? It’s probably going to make money.
  • If you know a trade is only probable, you’ll put in a protective stop loss. Since it’s only probable, you’re mindful of other possibilities. It could  be a losing trade. Therefore, you protect yourself.