High Probability Trading
In the previous two day trading videos you saw us trading what we consider high probability day trades. We never know what the market will do! If you get one thing out of these day trading tips, and ideas – it’s that you must follow the rules of the system you follow!
Taking an approach of only trading higher probability setups does not necessarily ensure your success. A lot of newer traders learn a trading system, such as our emini system. Once they see the high probability trades they sometimes feel that they should only take those trades. Don’t get me wrong – we do like the high probability trades! That’s why we did the video series to show how accurate our signals are. However, you can lose on ANY trade.
In our day trading course we teach 3 methods. Sometimes a set up is “standard” sometimes it’s higher probability. We take the first trade setup we have available to us that’s valid as we are trying to achieve a one and done. If we only wait for higher probability trades, we may miss 2 or 3 winners (or more) and then end up losing on our first trade.
So in a nutshell: higher probability trades are obviously important. It’s crucial to know when they are higher probability and when you should take them. Enjoy the final video and we’ll do more videos next week!
Cheers!
ETS
