Probabilities are an inherent aspect of trading but how much do we think about them? In this video David Burnham seeks to use his knowledge of statistics to understand the probabilities associated with various aspects of trading outcomes such as proportion of winners, and number of consecutive losses.
Great video. I think it would be incredibly useful if you had an official, statistically valid, win/loss rate for all of the trade methods that you teach (or better yet a target expectancy, which would account for the fact that some are designed to get more than a 1 to 1 risk reward).
That would really allow us novices to refine our execution towards a target of professional execution results.
~Jon Symons
JigsawOnline 1 year ago