Do you want to stack the odds in your favor? Every trader wants to stack the odds in their favor…so that each trade has the highest likelihood of being a winner. There is NO SECRET FORMULA. that will grant you a 100% win ratio. But the good news is that with the strategy you’ve been learning even if your win ratio is 50% (or possibly even less) you will still be very profitable.
But it always feels better to have your trades be winners. So, here is HOW you stack the ODDS in your favor. Plan out the possible trades for the next trading day (market goes up, the market goes down, the market goes sideways), keep the Key Market Levels with each of those possibilities in the front of your mind, and trade setups that are coming off the Key Market Levels and have confluence with the EMA or the trend channel will have a high probability of being a positive outcome.
Make sure to trade in the direction of the trend, watch the larger tick chart to understand the bigger picture of what the market is doing, understand what the objective is, of the group in control of the market, and intimately know who you are trading against. These are the keys to trading successfully no matter if it is day trading, stocks, as well as just building an investment portfolio.
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Live Trade Room Disclosure: This presentation is for educational purposes only and the opinions expressed are those of the presenter only. All trades presented should be considered hypothetical and should not be expected to be replicated in a live trading account