I'm a day trader and I also trade simply using probability. No chart, no fundamental analysis needed. Just an excel to run through the numbers. Best part is that there's no emotion involved and the trade is end (either hit target price or stop loss) within 30min. And I have the rest of the day to do whatever I want to do.
@Isocammmz
3 ай бұрын
Can you sell me a similar template. Willing to pay!
@shutengloke5907
3 ай бұрын
@@Isocammmz not for sale. Anyway, here's a hint to be a successful trader. We all know that 90% retail trader lose money. If you were to ask any 5 year old kid if MSFT would go up/down today, that kid have a 50% chance of getting it correct. So how is it that a kid with ZERO knowledge have a 50% chance of being correct and yet 90% retail "traders" loses money? If you can solve this mystery, you would be able to develop you own profitable trading strategy.
@guilleagudelo777
2 ай бұрын
@@shutengloke5907because of psychology and the lack of discipline, i.e. do the same thing over and over again many times paired with suboptimal risk management
@Mahesh-jy7df
2 жыл бұрын
THANKYOU.
@sam56094
11 ай бұрын
Why is it easier to lose than win? If it’s 50/50 chance you’re right or wrong then why do most traders lose more than win? Where is the probability in that ? Please explain .
@letholamokakala454
10 ай бұрын
its only 50/50 for individual trades NOT over a large sample of trades. Big samples of trade will smooth out your results to the EV. Outcomes for individual trades are random and will be skewed in the short term. This is why main traders struggle to grasp probability mindset for trading. Mark Douglas explained it well in his book.
@Oggnagar
7 ай бұрын
because the smaller the sample size the more random the outcome
@sam56094
7 ай бұрын
@@Oggnagarbro I love your comment . I use to trade 16 trades per month and was a breakeven trader . I started focusing on high probability trades and now take 7-8 trades per month and now I’m profitable. Thank you for this . This answer is like a gift from God .
@remen121
6 ай бұрын
Big sample size Low Risk , high reward ❤ Even 40 Win 60 Lose You win.
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