KNOW YOUR RISK : PROBABILITY / RISK CALCULATOR [CLICK ON LINK]
KNOW YOUR RISK : PROBABILITY / RISK CALCULATOR
www.tradingview.com/chart/KsSpN5Ke/
This is an extremely useful tool for determining and understanding your risk.
It can enhance your trading results and alert you the reality of money management
www.tradingview.com/chart/KsSpN5Ke/
BRIEF EXAMPLE
If you have a strike rate of say 50% , the probability of having 2 loosing trades in a row is 100%.
The probability of having 5 losing trades in a row is 50.8%
www.tradingview.com/chart/KsSpN5Ke/
THE BOTTOM LINE IS DILLIGENCE
Understanding the reality of probability can be an instant wake up call.
The chart could also be called "A Complacency Table'' whereby complacency will get you the worst results.
DILLIGENCE WILL HELP YOU TOWARDS ACHIEVING THE RESULTS IN THE BOTTOM ROW!
www.tradingview.com/chart/KsSpN5Ke/
www.tradingview.com/chart/KsSpN5Ke/
This is an extremely useful tool for determining and understanding your risk.
It can enhance your trading results and alert you the reality of money management
www.tradingview.com/chart/KsSpN5Ke/
BRIEF EXAMPLE
If you have a strike rate of say 50% , the probability of having 2 loosing trades in a row is 100%.
The probability of having 5 losing trades in a row is 50.8%
www.tradingview.com/chart/KsSpN5Ke/
THE BOTTOM LINE IS DILLIGENCE
Understanding the reality of probability can be an instant wake up call.
The chart could also be called "A Complacency Table'' whereby complacency will get you the worst results.
DILLIGENCE WILL HELP YOU TOWARDS ACHIEVING THE RESULTS IN THE BOTTOM ROW!
www.tradingview.com/chart/KsSpN5Ke/