Probabilistic Thinking in Trading

Trading is obviously an endeavor of chance. Every position you enter is influenced by a number of random variables, all of which will have some effect on the success or failure of your trades. To put it simply, you can look for the best setups possible, but in the end the market will also get a vote. This stochastic nature of trading can often be frustrating, but in order to succeed it is the environment you must first accept and then learn to master. In this webinar, John will discuss how you can learn to think probabilistically and apply that type of mindset to your trade entries and executions in order to increase your chance of achieving long-term profitability.